African International Collaborative Center Inc

Analysis

African International Collaborative Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, African International Collaborative Center Inc reported income of $474k and spending of $470k, spending 99% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $227k to $474k (+109%), an average of +109% a year. The sharpest change came in the year to July 2023, when income rose by 109%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African International Collaborative Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Eccles Community Art Center ($474k), Not an Alternative Inc ($474k) and Unity Earth Inc ($474k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (19% of expenses). Other salaries and wages came to $175k. At year end it held assets of $61k against liabilities of $4,439, net assets of $57k. It reported 13 employees.