National Black Mba Association - Inc - Washington D C Chapter

Analysis

National Black Mba Association - Inc - Washington D C Chapter is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Black Mba Association - Inc - Washington D C Chapter reported income of $137k and spending of $139k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $97k to $137k (+41%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Black Mba Association - Inc - Washington D C Chapter sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 24th percentile within DC. Charities of a similar size with the same main cause include Historic Lincoln Heights Industrial Zone Economic Development Corp ($136k), The Cathedral Foundation Inc ($137k) and Pomona Public Safety Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.