Black Men S Xchange National Inc

Analysis

Black Men S Xchange National Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2010, 16 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 Men S Xchange National Inc reported income of $593k and spending of $591k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $247k to $593k (+140%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Men S Xchange National Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Center for Rural Policy and Development ($592k), Hands on Birmingham Inc ($593k) and The Center for Mediation and Collaboration Rhode Island ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $181k against liabilities of $341k, net assets of -$160k.