Black Business Alliance Peoria Chapter Inc

Analysis

Black Business Alliance Peoria Chapter Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in December 2016, 10 years ago. 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, Black Business Alliance Peoria Chapter Inc reported income of $660k and spending of $649k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $660k (+206%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Business Alliance Peoria Chapter Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include National Arab Orchestra ($660k), Alhambra Educational Foundation ($660k) and Volunteers of America Inc ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $264k (41% of expenses). Other salaries and wages came to $80k. At year end it held assets of $802k against liabilities of $214k, net assets of $587k. It reported 14 employees.