African Chamber of Commerce of Colorado USA

Analysis

African Chamber of Commerce of Colorado USA is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2020, 6 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 (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 Chamber of Commerce of Colorado USA reported income of $210k and spending of $271k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $210k to $210k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2022, when income rose by 423%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, African Chamber of Commerce of Colorado USA sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Somernites Cruise Inc ($210k), Native American Jump Start ($210k) and Locking Arms Men ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. It paid $66k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $1.5m, net assets of $0. It reported 3 employees.