African Center for Aquatic Research and Education Inc

Analysis

African Center for Aquatic Research and Education Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, African Center for Aquatic Research and Education Inc reported income of $973k and spending of $596k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $745k to $973k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 57% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, African Center for Aquatic Research and Education Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include National Initiative by Consumers Ofenergy ($972k), Wisconsin Wetlands Association Inc ($973k) and Sustainable Coastlines Hawaii ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.0m against liabilities of $3,967, net assets of $1.0m.