Black Connect Inc

Analysis

Black Connect Inc is a registered charity in United States, based in Wesley Chapel, FL. It received its IRS tax-exemption ruling in November 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Connect Inc reported income of $56k and spending of $94k, spending 168% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $31k to $56k (+80%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 525%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Connect Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Le Mars Area Betterment Foundation ($56k), Priest Lake Memorial Gardens Inc ($56k) and Bentons Renaissance on Main Council Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $98k against liabilities of $14k, net assets of $83k.