African American Resources Cultural And Heritage Society
EIN: 320213170 · Frederick, MD · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $344K |
| Total Expenses | $132K |
| Net Assets | $1.1M |
Is African American Resources Cultural And Heritage Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About African American Resources Cultural And Heritage Society
African American Resources Cultural And Heritage Society (EIN: 320213170) is a nonprofit organization based in Frederick, MD, classified under NTEE code A23. The organization reported total revenue of $344K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African American Resources Cultural And Heritage Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African American Resources Cultural And Heritage Society is a small nonprofit that has been operating for 13 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 50.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $612K |
| Total Expenses | $132K |
| Surplus / Deficit | +$480K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 78.4% |
| Months of Reserves | 98.4 months |
Financial Health Grade: A
In 2023, African American Resources Cultural And Heritage Society reported a surplus of $480K with revenue exceeding expenses, holds 98.4 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), African American Resources Cultural And Heritage Society's revenue has grown at a compound annual growth rate (CAGR) of 50.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +135.5% | +87.6% | +79.8% |
| 2022 | -16.7% | -31.4% | +46.0% |
| 2021 | +74.0% | +165.4% | +103.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for African American Resources Cultural And Heritage Society has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African American Resources Cultural And Heritage Society with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $480K, with revenue exceeding expenses.
Frequently Asked Questions about African American Resources Cultural And Heritage Society
Is African American Resources Cultural And Heritage Society a legitimate charity?
Based on AI analysis of IRS 990 filings, African American Resources Cultural And Heritage Society (EIN: 320213170) insufficient data. 0 red flags identified, 0 strengths noted.
How does African American Resources Cultural And Heritage Society spend its money?
Detailed spending breakdown data is not yet available for African American Resources Cultural And Heritage Society. Check back for updated IRS 990 analysis.
Are donations to African American Resources Cultural And Heritage Society tax-deductible?
African American Resources Cultural And Heritage Society is registered as a tax-exempt nonprofit (EIN: 320213170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is African American Resources Cultural And Heritage Society located?
African American Resources Cultural And Heritage Society is headquartered in Frederick, Maryland and files with the IRS under EIN 320213170. It is classified under NTEE code A23.
How many years of IRS 990 filings does African American Resources Cultural And Heritage Society have?
African American Resources Cultural And Heritage Society has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $344K in total revenue.
Filing History
IRS 990 filing history for African American Resources Cultural And Heritage Society showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), African American Resources Cultural And Heritage Society's revenue has grown by 241.3%, moving from $179K to $612K. Total assets increased by 433.3% over the same period, from $203K to $1.1M. Total functional expenses rose by 241.5%, from $39K to $132K. In its most recent filing year (2023), African American Resources Cultural And Heritage Society reported a surplus of $480K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $612K | $132K | $1.1M | $0 | — | — |
| 2022 | $260K | $70K | $602K | $0 | — | View 990 |
| 2021 | $312K | $103K | $412K | $0 | — | View 990 |
| 2020 | $179K | $39K | $203K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $612K, expenses of $132K, and assets of $1.1M (revenue +135.5% year-over-year).
- 2022: Revenue of $260K, expenses of $70K, and assets of $602K (revenue -16.7% year-over-year).
- 2021: Revenue of $312K, expenses of $103K, and assets of $412K (revenue +74.0% year-over-year).
- 2020: Revenue of $179K, expenses of $39K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African American Resources Cultural And Heritage Society:
Data Sources and Methodology
This transparency report for African American Resources Cultural And Heritage Society is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.