Action Center on Race and the Economy Institute

Analysis

Action Center on Race and the Economy Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Action Center on Race and the Economy Institute reported income of $5.9m and spending of $5.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.9m (+171%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 88% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Action Center on Race and the Economy Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Virginia Legal Aid Society Inc ($5.9m), Open Door Legal ($6.0m) and Shriver Center on Poverty Law ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $379k (6.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.9m against liabilities of $246k, net assets of $3.7m. It reported 33 employees.