Atlantic Cultural Connections Inc

Analysis

Atlantic Cultural Connections Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Atlantic Cultural Connections Inc reported income of $374k and spending of $430k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $266k to $374k (+40%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Atlantic Cultural Connections Inc 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 65th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Graciously Broken Ministries Inc ($374k), Maumee Seniors Inc ($374k) and Hillside Agricultural Society Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $158k. At year end it held assets of $65k against liabilities of $18k, net assets of $47k. It reported 4 employees.