Afro Caribbean Cultural Center Inc

Analysis

Afro Caribbean Cultural Center Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in May 2022, 4 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, Afro Caribbean Cultural Center Inc reported income of $314k and spending of $286k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $314k (+1050%), an average of +1050% a year. The sharpest change came in the year to December 2023, when income rose by 1050%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Afro Caribbean Cultural Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include Friends of the Kaminski House ($314k), Maryland Chinese Language Institute Incorporated ($314k) and Meetinghouse Arts ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,134 (1.4% of expenses). At year end it held assets of $32k against liabilities of $0, net assets of $32k.