National Black Mba Association Raleigh Durham Chapter

Analysis

National Black Mba Association Raleigh Durham Chapter is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Raleigh Durham Chapter reported income of $66k and spending of $61k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $66k (+170%), an average of +170% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Black Mba Association Raleigh Durham Chapter sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Riffenburgh Elementary Parent Teacher Organization ($66k), Girl with Grit Program ($66k) and U S Naval Sea Cadet Foundation Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 32% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.