Black Professional Association Charitable Foundation Inc

Analysis

Black Professional Association Charitable Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Professional Association Charitable Foundation Inc reported income of $469k and spending of $376k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $469k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Black Professional Association Charitable Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Bartlesville Public School Foundation Inc ($468k), Multitude of Mercies Foundation ($469k) and Harbor House-Northwest Georgia Child Advocacy Center Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $101k. At year end it held assets of $858k against liabilities of $125k, net assets of $734k. It reported 2 employees.