Concerned Black Men of Los Angeles Inc

Analysis

Concerned Black Men of Los Angeles Inc is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Concerned Black Men of Los Angeles Inc reported income of $121k and spending of $145k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $121k (+158%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Concerned Black Men of Los Angeles Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Boston Area Church League Inc ($121k), Duke City BMX Association ($121k) and Reachout Crestview ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.