A charity evaluation report shows African American charities that were previously considered top-tier will be in the red after losing $4 million in the past two years, a drop of nearly $3 million from last year.
The report from the charity evaluation division at the University of Pennsylvania’s Wharton School shows that the loss for the African American Christian Charities (AACC) and the Black Women’s Christian Foundation (BWCF) is $3,5 million and $2 million, respectively.
African American Christians made up a fifth of the more than 8,300 charities in the United States in 2017.
“Our African American churches are doing really well.
It’s not just the numbers.
It is the way they are being led, the way their leaders are being brought into the fold, and that is really important,” said Mark J. Stumpf, president of the AACC.
The AACC’s report showed that its charitable work is helping millions of people, including people of color, in need.
It said the AACChs $3 billion total in 2017 represented a 35% increase from 2016.
The $2.2 million loss for African American religious groups is the second-biggest in the nation’s history.
Last year, the ACCA’s net loss was $4,734,000.
Stumps noted that the AACCHs reported the biggest annual loss in its 40-year history, a loss of $1.2 billion.
The loss for other non-profit groups was also significant.
The BWCF reported a loss in 2017 of $2,717,000, and the AACCHA reported a $1,719,000 loss.
In all, the AAC, the BWC and the ACCHA reported $2 billion in losses.
The losses were a stark contrast to the $1 billion loss for churches in 2016, when they collectively reported $831 million in charitable spending.
For the African Methodist Episcopal Church (AME), which lost $564,000 in the last two years as a result of a $100 million deficit, it was the fifth-bigger loss in U.S. history.
The largest charity that lost in 2017 was the National Alliance for the Homeless, which reported a deficit of $3.,932,000 and had $1 million of losses.
Stumped noted that this is a trend that is happening more and more among nonprofits, especially in the Black community.
“It’s not an African American thing.
It seems like a lot of black people are not having their faith tested in this environment,” he said.
The results were released on Tuesday in the journal Annals of Internal Medicine.
The findings come after the NAACP and other civil rights groups released a scathing report in November detailing the poor condition of African American organizations and the lack of diversity within the U.