African American Leadership Forum

Analysis

African American Leadership Forum is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, African American Leadership Forum reported income of $3.8m and spending of $3.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $555k to $3.8m (+591%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 329%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African American Leadership Forum sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Leadership Preparotory Academy Inc ($3.8m), Wellmed Charitable Foundation ($3.8m) and Havern Center Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $434k (13% of expenses). Other salaries and wages came to $1.3m. It paid $27k in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $225k, net assets of $3.9m. It reported 20 employees.