African American Entrepreneurs Association Inc

Analysis

African American Entrepreneurs Association Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in February 2018, 8 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 (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 American Entrepreneurs Association Inc reported income of $121k and spending of $105k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $121k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, African American Entrepreneurs Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Alaska Development Corporation ($121k), National Society of Colonial Dames of America in the State of Ohio ($121k) and Black Healing Fund ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $43k against liabilities of $67k, net assets of -$25k.