Black Student Fund

Analysis

Black Student Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1964, 62 years ago. 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 June 2023, Black Student Fund reported income of $216k and spending of $399k, spending 184% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $184k to $216k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 115%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Student Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 31st percentile within DC. Charities of a similar size with the same main cause include Marceline Area Nutrition Program Inc ($216k), New England Academy of Torah Inc ($216k) and Soccer Champions League Denver ($216k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $62k (16% of expenses). Other salaries and wages came to $129k. At year end it held assets of $45k against liabilities of $675, net assets of $45k. It reported 1 employees.