African American Empowerment Coalition

Analysis

African American Empowerment Coalition is a registered charity in United States, based in Norwalk, CA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2022, African American Empowerment Coalition reported income of $422k and spending of $419k, spending 99% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $76k to $422k (+457%), an average of +458% a year. The sharpest change came in the year to December 2022, when income rose by 457%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, African American Empowerment Coalition sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Foundation for Applied Technical Vocational Education Inc ($422k), Manasota District Council St Vincent Depaul Thrift Store Inc ($422k) and St Patricks Catholic Bookstore Inc ($422k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $2,505 against liabilities of $0, net assets of $2,505.