Black Researchers Collective

Analysis

Black Researchers Collective is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2022, 4 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 Researchers Collective reported income of $1.2m and spending of $603k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $286k to $1.2m (+334%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Researchers Collective sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Atlanta Center for Self Sufficiency Inc ($1.2m), West Alabama Works Inc ($1.2m) and Ajo Center for Sustainable Agriculture ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $322k (53% of expenses). At year end it held assets of $1.1m against liabilities of $20k, net assets of $1.0m. It reported 2 employees.