Black Retail Action Group Inc

Analysis

Black Retail Action Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Retail Action Group Inc reported income of $194k and spending of $255k, spending 132% of what it took in. Across the 4 years on record, from March 2019 to December 2023, income fell from $267k to $194k (-27%), an average of -10% a year. The sharpest change came in the year to March 2021, when income rose by 78%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Retail Action Group Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Westside Community Action Network Inc ($194k), Inland Empire Economic Partnership Foundation ($194k) and World Happiness Foundation Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 36% of the total. Other salaries and wages came to $148k. At year end it held assets of $636k against liabilities of $296, net assets of $636k. It reported 3 employees.