Chicago Chapter National Black Mba Association Inc

Analysis

Chicago Chapter National Black Mba Association Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1996, 30 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, Chicago Chapter National Black Mba Association Inc reported income of $171k and spending of $126k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $171k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Chapter National Black Mba Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Forest Park Band Boosters Inc ($171k), Sisd Foundation for Excellence in Education ($171k) and Folds of Honor Foundation ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $284k against liabilities of $0, net assets of $284k.