Institute for Black Charities

Analysis

Institute for Black Charities is a registered charity in United States, based in Manor, TX. It received its IRS tax-exemption ruling in July 1997, 29 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 (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 2022, Institute for Black Charities reported income of $72k and spending of $77k, spending 107% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $87k to $72k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2019, when income dropped by 35%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Black Charities sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Rotary Club of Braselton Foundation Inc ($72k), Bentonville-Bella Vista Chamber of Commerce Foundation Inc ($72k) and Hessville Commmerce and Community Creative ($72k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Other salaries and wages came to $37k. At year end it held assets of $107k against liabilities of $0, net assets of $107k. It reported 1 employees.