African-American Resource Center at Booker

Analysis

African-American Resource Center at Booker is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, African-American Resource Center at Booker reported income of $417k and spending of $411k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $242k to $417k (+72%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 251%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, African-American Resource Center at Booker sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Rees Theatre Inc ($416k), Pockets Full of Sunshine ($417k) and Junior League of Baton Rouge Inc ($416k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $119k (29% of expenses). Other salaries and wages came to $40k. At year end it held assets of $51k against liabilities of $0, net assets of $51k. It reported 11 employees.