African American Forum Inc

Analysis

African American Forum Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 1997, 29 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 2023, African American Forum Inc reported income of $99k and spending of $120k, spending 121% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $66k to $99k (+51%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 122% 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 Forum 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 37th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Borinqueneers Park Education Alliance ($99k), United Voices of Efland-Cheeks ($99k) and Beaux Arts of the Fort Lauderdale ($99k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $9,412 against liabilities of $131k, net assets of -$122k.