African American Trade Association Inc

Analysis

African American Trade Association Inc is a registered charity in United States, based in Denver, CO. 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 (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, African American Trade Association Inc reported income of $462k and spending of $530k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $302k to $462k (+53%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African American Trade Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Michigan Mathematics and Science Centers Network ($462k), Huck Boyd Foundation ($462k) and Lehigh Acres Community Services Inc ($462k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $2,418, net assets of $70k. It reported 7 employees.