Black Owned Media Alliance Inc

Analysis

Black Owned Media Alliance Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Black Owned Media Alliance Inc reported income of $319k and spending of $305k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $319k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Owned Media Alliance Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Ottawa County Transitional Housing Inc ($319k), Ventura Womens Center ($319k) and Grafton Township Food Pantry ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.