Black Veterans for Social Justice Inc

Analysis

Black Veterans for Social Justice Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Veterans for Social Justice Inc reported income of $67.9m and spending of $67.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.0m to $67.9m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Veterans for Social Justice Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Arkansas Inc ($67.9m), Menlo School ($68.1m) and University of St Francis ($67.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $17.5m. At year end it held assets of $106.9m against liabilities of $114.2m, net assets of -$7.3m. It reported 603 employees.