Black Achievers Inc

Analysis

Black Achievers Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Black Achievers Inc reported income of $174k and spending of $200k, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $77k to $174k (+125%), an average of +125% a year. The sharpest change came in the year to June 2023, when income rose by 125%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Achievers Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Montana Credit Unions for Community Development ($174k), Nearly New Shop Inc ($174k) and North Side Community Services ($174k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $209k against liabilities of $197k, net assets of $12k.