Triangle East Chapter 100 Black Men of America Inc

Analysis

Triangle East Chapter 100 Black Men of America Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Triangle East Chapter 100 Black Men of America Inc reported income of $246k and spending of $153k, leaving 38% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $209k to $246k (+18%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Triangle East Chapter 100 Black Men of America Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Reisman Family Foundation Inc ($246k), Gay Mens Chorus of Charlotte ($247k) and Impact 100 Metrodenver ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $385k against liabilities of $269, net assets of $385k.