National Black M B a Association Inc

Analysis

National Black M B a Association Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2013, 13 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, National Black M B a Association Inc reported income of $11.9m and spending of $12.5m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $11.9m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Black M B a Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Conservation Corps North Bay Inc ($11.9m), CPLC Nevada Inc ($12.0m) and Hawthorne Valley Association Inc ($11.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.1m (8.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.0m against liabilities of $3.1m, net assets of $1.9m. It reported 23 employees.