African Career Education & Resources
Only null% goes to programs Strong reserves Growing revenue
African Career Education & Resources is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2019, with $2,684,887 in FY2024 revenue. CharityIndex grades it B.
6901 78th Ave N, Minneapolis, MN, 55445 EIN 47-1207676 Since 2019
Revenue (FY2024)
$2.7M
▲ 80.8% vs prior year
Education median: $200K
Expenses (FY2024)
$2.1M
Net assets
$2.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for African Career Education & Resources— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For African Career Education & Resources: 13 mo reserves · +22% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for African Career Education & Resources— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For African Career Education & Resources: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6901 78th Ave N, Minneapolis, MN, 55445
- City
- Minneapolis
- State
- Minnesota
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue grew from $224K (FY2019) to $2.7M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $370KNet assets $2.3M
Operating margin
22.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$370K
Net assets
$2.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,684,887▲80.8% | $2,093,192▲42.5% | $2,335,932▲39.7% | $2,706,047▲35.7% | 990 |
| 2023 | $1,484,723▼16.3% | $1,468,511▼7.5% | $1,671,918▲6.1% | $1,994,238▲18.0% | 990 |
| 2022 | $1,773,089▼6.5% | $1,587,909▼3.5% | $1,575,210▲23.0% | $1,689,922▲22.8% | 990 |
| 2021 | $1,897,208▲18.1% | $1,645,867▲128% | $1,280,415▲24.4% | $1,375,992▲23.6% | 990 |
| 2020 | $1,605,991▲618% | $720,622▲239% | $1,029,074▲737% | $1,113,397▲806% | 990 |
| 2019 | $223,808 | $212,832 | $122,929 | $122,929 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $1.4M total
25 grants to African Career Education & Resources totaling $1.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Minneapolis Foundation | Education | 2024 | $50,000 |
| Minneapolis Foundation | Education, donor-advised, education | 2023 | $125,350 |
| Community Catalyst Inc | Support health issues | 2023 | $86,500 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2022 | $300,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $125,500 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $125,500 |
| Community Catalyst Inc | Support health issues | 2022 | $52,500 |
| Minneapolis Foundation | Education | 2022 | $50,000 |
| American Online Giving Foundation Inc | General support | 2022 | $5,221 |
| Community Catalyst Inc | Support health issues | 2021 | $90,000 |
| Minneapolis Foundation | Donor-recommended, education | 2021 | $50,250 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2021 | $50,000 |
| Local Initiatives Support Corporation | See part iv | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,000 |
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Frequently asked questions
- Is African Career Education & Resources a legitimate nonprofit?
- Yes. African Career Education & Resources is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-1207676, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is African Career Education & Resources's EIN?
- African Career Education & Resources's Employer Identification Number (EIN) is 47-1207676.
- How much revenue does African Career Education & Resources report?
- African Career Education & Resources reported $2,684,887 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does African Career Education & Resources have?
- CharityIndex grades African Career Education & Resources B, based on financial health (reserves and operating margin).
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Data for African Career Education & Resources (EIN 47-1207676) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.