Another Choice for Black Children Inc

Analysis

Another Choice for Black Children Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Another Choice for Black Children Inc reported income of $902k and spending of $978k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $877k to $902k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Another Choice for Black Children Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Passion for Families ($902k), Haymarket Regional Food Pantry ($903k) and Delaware Helpline Inc ($902k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $139k (14% of expenses). Other salaries and wages came to $223k. At year end it held assets of $883k against liabilities of $323k, net assets of $560k. It reported 16 employees.