According to the AP Stylebook, the term is acceptable when necessary in broad references to multiple races other than white: We will hire more people of color. Nine playwrights of color collaborated on the script. Be aware, however, that many people of various races object to the term for various reasons, including that it lumps together into one monolithic group anyone who isn’t white. Be specific whenever possible by referring to, for instance, Black Americans, Chinese Americans or members of the Seminole Tribe of Florida. Examples: The poll found that Black and Latino Americans are bearing the brunt of the pandemic’s financial impact, not people of color are bearing the brunt of the pandemic’s financial impact. Most of the magazine’s readers are Black women, not most of the magazine’s readers are women of color.
In some cases, other wording may be appropriate. Examples: people from various racial and ethnic backgrounds; diverse groups; various heritages; different cultures.
Do not use person of color for an individual.
Do not use the term Black, Indigenous and people of color, which some see as more inclusive by distinguishing the experiences of Black and Indigenous people but others see as less inclusive by diminishing the experiences of everyone else. Similarly, do not use the term Black, Asian and minority ethnic. Do not use the shorthand POC, BIPOC or BAME unless necessary in a direct quotation; when used, explain it.