African American Community Collaborative

Analysis

African American Community Collaborative is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, African American Community Collaborative reported income of $108k and spending of $121k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $185k to $108k (-42%), an average of -42% a year. The sharpest change came in the year to June 2024, when income dropped by 42%. Over the whole period it spent 100% 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 Community Collaborative sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include SPT Theatre Company ($108k), Broadway Bound Players ($108k) and Santa Barbara Club Preservation Foundation ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $1,585 against liabilities of $0, net assets of $1,585.