African American Cultural Center of Long Beach

Analysis

African American Cultural Center of Long Beach is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 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, African American Cultural Center of Long Beach reported income of $150k and spending of $138k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $150k (+0.9%), an average of +0.9% a year. Over the whole period it spent 90% 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 American Cultural Center of Long Beach sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Friends Bulletin Corporation ($150k), Chamber Music Society of Boulder ($150k) and Art of the Matter Performance Foundation ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.1% of the total. At year end it held assets of $174k against liabilities of $252, net assets of $174k.