African American Cultural Center

Analysis

African American Cultural Center is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, African American Cultural Center reported income of $1.1m and spending of $51k, leaving 95% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $575k to $1.1m (+89%), an average of +89% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 16% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African American Cultural Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Groceries for Seniors ($1.1m), Ellery Court Senior Housing Developement Fund Corporation ($1.1m) and Camp Navigate ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.