African American Heritage Center of Delaware Inc

Analysis

African American Heritage Center of Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 2023, 3 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 2022, African American Heritage Center of Delaware Inc reported income of $98k and spending of $33k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $117k to $98k (-16%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income rose by 804%. Over the whole period it spent 15% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African American Heritage Center of Delaware Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within DE. Charities of a similar size with the same main cause include Air Power Museum Inc ($98k), Northport Marching Band Booster Club Inc ($98k) and Wisconsin State Firefighters Memorial Inc ($98k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $428k against liabilities of $0, net assets of $428k.