African Arts Academy

Analysis

African Arts Academy is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, African Arts Academy reported income of $109k and spending of $100k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $109k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African Arts Academy sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Rainbow of Hope Farm ($109k), Centralia Community Benevolent Assn ($109k) and Aalambana Foundation Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.