African American Alliance of Cdfi Ceos Inc

Analysis

African American Alliance of Cdfi Ceos Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2021, 5 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, African American Alliance of Cdfi Ceos Inc reported income of $9.1m and spending of $7.7m, spending 84% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $2.9m to $9.1m (+216%), an average of +216% a year. The sharpest change came in the year to December 2023, when income rose by 216%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, African American Alliance of Cdfi Ceos Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Allies for Community Business Inc ($9.1m), University Circle Incorporated ($9.2m) and WBD Inc ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $12.2m against liabilities of $3.7m, net assets of $8.5m. It reported 20 employees.