Institute for Afrourbanism

Analysis

Institute for Afrourbanism is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Institute for Afrourbanism reported income of $1.5m and spending of $497k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $782k to $1.5m (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Afrourbanism sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Red River Revel Arts Festival ($1.5m), Deep Vellum Publishing ($1.5m) and Samoan Club of the Monterey Peninsula LLC ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $100k (20% of expenses). At year end it held assets of $1.5m against liabilities of $44k, net assets of $1.5m. It reported 1 employees.