First African Community Development Corporation

Analysis

First African Community Development Corporation is a registered charity in United States, based in Lithonia, GA. It received its IRS tax-exemption ruling in March 2002, 24 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 (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, First African Community Development Corporation reported income of $339k and spending of $291k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $490k to $339k (-31%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, First African Community Development Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include The Carver Development Board ($339k), South Kensington Community Partners Inc ($339k) and Bluegrass Training Consortium ($339k).

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 $57k. At year end it held assets of $260k against liabilities of $70k, net assets of $191k.