Black Male Working Academy

Analysis

Black Male Working Academy is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Black Male Working Academy reported income of $586k and spending of $661k, spending 113% of what it took in. Across the 6 years on record, from December 2016 to July 2023, income grew from $217k to $586k (+170%), an average of +22% a year. The sharpest change came in the year to July 2022, when income rose by 496%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black Male Working Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Dream Big Academy of Learning Corp ($586k), Uwm Alumni Association Inc ($586k) and The Mid-South Conference Inc ($586k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $18k (2.7% of expenses). Other salaries and wages came to $12k. At year end it held assets of $121k against liabilities of $3,309, net assets of $117k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.