Education (B95Z) IRS Verified DX Registered 990 on File

AFRICAN AMERICAN CHAMBER OF COMMERCE

EIN: 39-1768969 · MILWAUKEE, WI 53212-3642 · United States · FY 2023 Data

3 out of 5 55 / 100 Based on 2+ years of filings

Financial strength (30%) 79/100

Reliability (20%) 55/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

• Mission: to champion the growth and sustainability of African American owned businesses by providing access to capital, education and advocacy through capacity building and strategic partnerships. The programs and events that we present today provide extraordinary opportunities to build productive networks and gain new insights to address the ever-changing challenges African American entrepreneurs face.

Financial Overview — FY 2023

$727K

Total Revenue

$798K

Total Expenses

$844K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 70.6%

Fundraising Efficiency 30.4%

Operating Reserve 12.70x

Liability-to-Asset 69.0%

Revenue Diversification 81.7%

Executive Compensation $141K

Compared with Peers

FY 2023

Compared with 21,283 similar organizations (United States, Education, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	70.6%	88.7%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	24.4%	8.8%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	5.0%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	30.4%	1.9%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	12.7 mo	9.7 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	69.0%	0.5%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	81.7%	90.2%	P10P90	Above median
Revenue growth Year over year revenue growth	24.0%	8.6%	P10P90
Expense growth Year over year expense growth	1.7%	13.1%	P10P90
Surplus margin Surplus as a share of revenue	-9.8%	2.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$727K	$798K	$844K	70.6%	6
2022	$586K	$785K	$913K	59.8%	6
2021	$732K	$904K	N/A	—	5

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Organization Details

EIN: 39-1768969
State: WI
City: MILWAUKEE
ZIP: 53212-3642
Classification: B95Z
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1993
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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