100 Black Men of Greater Charlotte Inc

Analysis

100 Black Men of Greater Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 1993, 33 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 2024, 100 Black Men of Greater Charlotte Inc reported income of $143k and spending of $211k, spending 147% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $189k to $143k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2024, when income dropped by 59%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 100 Black Men of Greater Charlotte Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Dak-Minn Blood Bank ($143k), The Foundation for the Jewish Historical Museum in Amsterdam Inc ($143k) and PTA California Congress of Parents Teachers & Students Inc ($143k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 3.3% of the total. At year end it held assets of $335k against liabilities of $0, net assets of $335k.