Black Archives History & Research Foundation of South Florida Inc

Analysis

Black Archives History & Research Foundation of South Florida Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2015, 11 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 June 2023, Black Archives History & Research Foundation of South Florida Inc reported income of $1.2m and spending of $1.4m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $882k to $1.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 144%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Archives History & Research Foundation of South Florida Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Mountain Play Association ($1.2m), Western Economic Association International ($1.2m) and Mermaid Theatre of Nova Scotia ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $379k. At year end it held assets of $16.4m against liabilities of $30k, net assets of $16.4m. It reported 18 employees.