Africatown International

Analysis

Africatown International is a registered charity in United States, based in Burien, WA. It received its IRS tax-exemption ruling in February 2017, 9 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, Africatown International reported income of $2.2m and spending of $2.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.2m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 775%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Africatown International sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Centerforce ($2.2m), Codefi Foundation on Rural Innovation ($2.2m) and Greenwood Plan ($2.2m).

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 $213k. At year end it held assets of $438k against liabilities of $0, net assets of $438k. It reported 4 employees.