Africatown Heritage Preservation Foundation

Analysis

Africatown Heritage Preservation Foundation is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 2019, 7 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 (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, Africatown Heritage Preservation Foundation reported income of $109k and spending of $198k, spending 183% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $233k to $109k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Africatown Heritage Preservation Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within AL. Charities of a similar size with the same main cause include Ted R Green Foundation ($108k), Downtown Development Corporation of Peoria ($109k) and Folkshop Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.