North Carolina Black Alliance Inc

Analysis

North Carolina Black Alliance Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2001, 25 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, North Carolina Black Alliance Inc reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $2.5m (+609%), an average of +63% a year. The sharpest change came in the year to December 2020, when income rose by 670%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Black Alliance Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Lincoln University ($2.5m), Skyview School Inc ($2.5m) and Friends of Beloved Community Charter School 2 Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $408k (18% of expenses). Other salaries and wages came to $159k. At year end it held assets of $4.2m against liabilities of $264k, net assets of $3.9m. It reported 13 employees.