Black Institute Inc

Analysis

Black Institute Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Institute Inc reported income of $353k and spending of $592k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $353k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black Institute Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Operation Rebirth Inc ($353k), Give Back Yoga Foundation ($353k) and Masters Institute ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $293k. At year end it held assets of $169k against liabilities of $82k, net assets of $87k. It reported 9 employees.