Africian American Atelier Inc

Analysis

Africian American Atelier Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Africian American Atelier Inc reported income of $122k and spending of $92k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $71k to $122k (+73%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Africian American Atelier Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Hills & Dales Health Care Corporation ($122k), Welcome Hand ($122k) and Lead Upstate Inc ($122k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $71k. At year end it held assets of $44k against liabilities of $1,622, net assets of $42k. It reported 5 employees.