Association of African American Cultural Gardens Inc

Analysis

Association of African American Cultural Gardens Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2012, 14 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 (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, Association of African American Cultural Gardens Inc reported income of $72k and spending of $140k, spending 194% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $190k to $72k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association of African American Cultural Gardens Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Mural Movement ($72k), The Dreamers Co International ($72k) and Reading Pops Orchestra ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.