Be Proud Inc

Analysis

Be Proud Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Be Proud Inc reported income of $111k and spending of $109k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $111k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Be Proud Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Amazing Place Music Inc ($111k), North American Brass Band Association Inc ($112k) and The Blacksburg Master Chorale ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $50k, net assets of -$2,824.