National Association of Negro Business and Professional Womens C

Analysis

National Association of Negro Business and Professional Womens C is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover employment, 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 June 2023, National Association of Negro Business and Professional Womens C reported income of $352k and spending of $346k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $472k to $352k (-26%), an average of -9.4% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Association of Negro Business and Professional Womens C sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 38th percentile within DC. Charities of a similar size with the same main cause include Orinda Association ($351k), Folsom Economic Development Corporation ($352k) and Eastside Jewish Commons ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $79k (23% of expenses). At year end it held assets of $659k against liabilities of $322k, net assets of $337k. It reported 5 employees.