African American Cultural Center

Analysis

African American Cultural Center is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, African American Cultural Center reported income of $6.3m and spending of $8.5m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $6.3m (-5.4%), an average of -1.4% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African American Cultural Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include New Haven Center for Performing Arts Inc ($6.3m), Powermylearning Inc ($6.3m) and Kentucky Public Radio Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $276k (3.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.9m against liabilities of $1.8m, net assets of $10.1m. It reported 126 employees.