Afro-american Cultural Center Inc is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 1976, with $3,266,941 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$3.3M
▲ 5.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$4.2M
Net assets
$9.9M
Employees
—
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 Afro-american Cultural Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Afro-american Cultural Center Inc: 28 mo reserves · -28% margin earns a D on this criterion. See the exact thresholds →
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 Afro-american Cultural Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Afro-american Cultural Center Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.6M (FY2013) to $3.3M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-28.2%
Spent more than it raised in the latest fiscal year.
Total assets
$10.4M
Total liabilities
$522K
Net assets
$9.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,266,941▲5.3% | $4,189,203▲31.6% | $9,899,434▲1.5% | $10,421,577▼1.6% | 990 |
| 2022 | $3,103,194▲29.7% | $3,182,261▲48.9% | $9,753,514▲5.5% | $10,590,840▲6.3% | 990 |
| 2021 | $2,392,870▲24.2% | $2,137,288▲24.1% | $9,247,434▼9.2% | $9,961,615▼6.1% | 990 |
| 2020 | $1,926,817▲75.2% | $1,722,175▼3.7% | $10,183,588▲21.8% | $10,610,750▲23.0% | 990 |
| 2019 | $1,099,643▼61.1% | $1,787,815▼12.5% | $8,362,048▼7.9% | $8,625,196▼6.4% | 990 |
| 2018 | $2,828,509▼5.9% | $2,043,076▲9.6% | $9,083,721▲11.8% | $9,212,566▲11.2% | 990 |
| 2017 | $3,005,479▲44.3% | $1,864,818▼4.0% | $8,121,565▲23.9% | $8,284,458▲22.3% | 990 |
| 2016 | $2,083,242▼13.7% | $1,942,059▲4.6% | $6,552,628▲7.3% | $6,771,562▲6.5% | 990 |
| 2015 | $2,413,535▲70.1% | $1,857,194▲6.1% | $6,104,782▲13.1% | $6,360,140▲14.0% | 990 |
| 2014 | $1,418,646▼10.0% | $1,750,663▼18.5% | $5,398,585▼4.8% | $5,579,356▼4.2% | 990 |
| 2013 | $1,576,672 | $2,147,690▲3.8% | $5,667,897▼1.2% | $5,825,734▼1.4% | 990 |
| 2012 | — | $2,068,129 | $5,734,586 | $5,905,599 | 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.
42 grants to Afro-american Cultural Center Inc totaling $5.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Data for Afro-american Cultural Center Inc (EIN 56-1152286) 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.