YMI CULTURAL CENTER INC

ASHEVILLE, NC, 28801-3726 (828) 252-4614 Est. 1981 EIN 58-1448997

Form 990 501(c)(3)

Mission

THE YMICC'S MISSION IS TO EMPOWER THE BLACK COMMUNITY TO CELEBRATE ITS RICH CULTURAL HERITAGE THROUGH PROGRAMS THAT PRESERVE AND PROMOTE AFRICAN AMERICAN ARTS AND TRADITIONS WITH A COMMITMENT TO JUSTICE, EQUITY, DIVERSITY, AND INCLUSION.

Financials

Total Revenue

$1,061,074

Total Expenses

$459,242

Net Assets

$2,857,613

3 employees 40 volunteers

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

6.2 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 48.4%

Expenses ↑ 28.4%

Revenue Sources

Contributions 96.8% Other 3.0%

Expense Breakdown

Program 17.3% Management 73.2% Fundraising 9.5%

Officers & Key Employees (11)

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Grants Received (13)

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Filing History (3 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$1,061,074 ↓	$459,242	$2,857,613
2022 Form 990	$2,055,281 ↑	$357,775	$2,327,127
2021 Form 990	$524,626	$533,540	$629,621