United Federation of Black Community Organizations Inc

Analysis

United Federation of Black Community Organizations Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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 June 2023, United Federation of Black Community Organizations Inc reported income of $2.5m and spending of $2.0m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Federation of Black Community Organizations Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Red Wing Family YMCA ($2.5m), Mandarins of Sacramento Inc ($2.5m) and Alfred State College Development Fu ND Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $98k (5.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $730k, net assets of $870k. It reported 51 employees.