Society for the Preservation and Promotion of African American Cult

Analysis

Society for the Preservation and Promotion of African American Cult is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2019, 7 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, Society for the Preservation and Promotion of African American Cult reported income of $68k and spending of $63k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $68k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Preservation and Promotion of African American Cult sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Shelburne Community School Council Incorporated ($68k), Buffalo Gay Mens Chorus Inc ($68k) and Childrens Museum of Walla Walla ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 25% of the total. At year end it held assets of $17k against liabilities of $10, net assets of $17k.