Blackfem Inc

Analysis

Blackfem Inc is a registered charity in United States, based in Damascus, MD. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Blackfem Inc reported income of $535k and spending of $881k, spending 165% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income grew from $347k to $535k (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 241%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blackfem Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Chainbreaker Collective ($535k), Commonwealth Cares Fund Inc ($535k) and Hope House of Moultrie Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $360k (41% of expenses). At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 5 employees.