Black Caucus Foundation of Michigan

Analysis

Black Caucus Foundation of Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Black Caucus Foundation of Michigan reported income of $343k and spending of $439k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $323k to $343k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to September 2022, when income rose by 95%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Caucus Foundation of Michigan 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 64th percentile within MI. Charities of a similar size with the same main cause include Understanding Our Differences Inc ($343k), Millner Ridge Inc ($343k) and Mha Speakout Speakup ($343k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $123k (28% of expenses). Other salaries and wages came to $126k. At year end it held assets of $171k against liabilities of $11k, net assets of $160k. It reported 2 employees.