National Association of Black Storytellers Inc

Analysis

National Association of Black Storytellers Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Association of Black Storytellers Inc reported income of $352k and spending of $211k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $152k to $352k (+131%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Association of Black Storytellers Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Dakshini Bengali Association of California ($352k), Fredericksburg Symphony Orchestra ($352k) and Greater Denton Arts Council Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $13k (6.3% of expenses). At year end it held assets of $221k against liabilities of $0, net assets of $221k.