African American Community Services Agency

Analysis

African American Community Services Agency is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, African American Community Services Agency reported income of $3.0m and spending of $2.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $702k to $3.0m (+329%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African American Community Services Agency sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Filling in the Blanks Inc ($3.0m), Center for Individual and Family Therapy ($3.0m) and Minorities in Agriculture Natural Resources & Related Sci ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $113k (4.4% of expenses). Other salaries and wages came to $994k. At year end it held assets of $1.4m against liabilities of $148k, net assets of $1.3m. It reported 26 employees.