African American Teaching Fellows of Charlottesville-Albemarle Inc

Analysis

African American Teaching Fellows of Charlottesville-Albemarle Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Teaching Fellows of Charlottesville-Albemarle Inc reported income of $270k and spending of $256k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $276k to $270k (-2.2%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African American Teaching Fellows of Charlottesville-Albemarle Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Foundation for Excellence Owensboro Independent Schools ($270k), Everyday Canvassing ($270k) and Journi ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $78k (30% of expenses). Other salaries and wages came to $27k. At year end it held assets of $446k against liabilities of $0, net assets of $446k. It reported 2 employees.