United Black Fund Inc

Analysis

United Black Fund Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, United Black Fund Inc reported income of $127k and spending of $130k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $127k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 176% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Black Fund Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 22nd percentile within DC. Charities of a similar size with the same main cause include Pipe Fitters Association Local 597 Charities Inc ($127k), Red Lion Area Educational Foundation ($127k) and King Ridge Foundation Inc ($127k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (24% of expenses). At year end it held assets of $412k against liabilities of $0, net assets of $412k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.