Organization of Black Maritime College Graduates Inc

Analysis

Organization of Black Maritime College Graduates Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Organization of Black Maritime College Graduates Inc reported income of $88k and spending of $78k, spending 88% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $81k to $88k (+9.5%), an average of +4.7% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Organization of Black Maritime College Graduates Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Watertown Mayer Education Foundation Inc ($88k), Northwest Pavement Management Association ($88k) and Palmetto High School Athletic Booster Club Inc ($88k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.