House of Afros Capes & Curls

Analysis

House of Afros Capes & Curls is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, House of Afros Capes & Curls reported income of $202k and spending of $148k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $202k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, House of Afros Capes & Curls sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NE. Charities of a similar size with the same main cause include Crested Butte Society Inc ($202k), Fadeyev Ballet Inc ($202k) and Religion News Association ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $60k (41% of expenses). Other salaries and wages came to $18k. It paid $563 in professional fundraising fees. At year end it held assets of $97k against liabilities of $1,466, net assets of $96k. It reported 2 employees.