African American Cultural Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 10,190,000 | 284,180 | 9,905,820 | 418.3 | 0% |
| 2015 | 1,038,650 | 1,974,860 | −936,210 | 54.5 | 0% |
| 2016 | 2,683,446 | 2,489,290 | 194,156 | 44.2 | 0% |
| 2017 | 3,357,332 | 2,404,422 | 952,910 | 50.5 | 10% |
| 2018 | 5,268,645 | 5,695,107 | −426,462 | 20.4 | 14% |
| 2019 | 6,650,723 | 6,423,409 | 227,314 | 18.5 | 15% |
| 2020 | 7,426,276 | 4,184,347 | 3,241,929 | 37.7 | 24% |
| 2021 | 8,128,417 | 6,775,199 | 1,353,218 | 25.7 | 17% |
| 2022 | 6,949,827 | 9,247,589 | −2,297,762 | 15.9 | 20% |
| 2023 | 6,289,458 | 8,452,125 | −2,162,667 | 14.3 | 23% |
In its most recent public year (2023), this organization spent $2,162,667 more than it brought in. Its reserves stood at about 14.3 months of spending, down from 418.3 in 2014. Staff pay was 23% of spending. $2,156,000 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
African American Cultural Center's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works