Black Academy of Arts and Letters Inc

Analysis

Black Academy of Arts and Letters Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1983, 43 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 August 2023, Black Academy of Arts and Letters Inc reported income of $2.9m and spending of $2.6m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.9m (+70%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 193%. Over the whole period it spent 86% 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 Academy of Arts and Letters Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include The Mark Twain Memorial ($2.9m), Ocean State Media Group ($2.9m) and Council on Governmental Relations ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $94k (3.6% of expenses). Other salaries and wages came to $287k. It paid $3,700 in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $814k, net assets of $1.3m. It reported 41 employees.