The Black Star Project

Analysis

The Black Star Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1998, 28 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 2022, The Black Star Project reported income of $301k and spending of $327k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $94k to $301k (+219%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Black Star Project sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Intercultural Institute of California ($301k), Lift Eastbrook Afterschool Inc ($301k) and Midwest Suburban Superintendents Association CHTD ($301k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (22% of expenses). At year end it held assets of $39k against liabilities of $21k, net assets of $18k. It reported 1 employees.