National Society of Black Engineers

Analysis

National Society of Black Engineers is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, National Society of Black Engineers reported income of $515k and spending of $285k, leaving 45% of income unspent that year. Across the 3 years on record, from July 2021 to July 2023, income grew from $282k to $515k (+83%), an average of +35% a year. The sharpest change came in the year to July 2022, when income rose by 59%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Society of Black Engineers sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Mission Projects Inc ($515k), Delaware County Transportation Management Association ($515k) and Clover Park Technical College Foundation ($515k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $231k against liabilities of $0, net assets of $231k.