National Black Child Development Institute Inc

Analysis

National Black Child Development Institute Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in October 1990, 36 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 October 2023, National Black Child Development Institute Inc reported income of $4.8m and spending of $3.5m, leaving 27% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.9m to $4.8m (+152%), an average of +26% a year. The sharpest change came in the year to October 2020, when income rose by 150%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Black Child Development Institute Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Travelers Aid Society of Philadelphia ($4.8m), Project H E a R T Inc ($4.8m) and Mission Childcare Consortium Inc ($4.8m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 92% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $233k (6.6% of expenses). Other salaries and wages came to $782k. At year end it held assets of $9.2m against liabilities of $1.2m, net assets of $8.0m. It reported 11 employees.