Black Cooperative Impact Fund

Analysis

Black Cooperative Impact Fund is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Black Cooperative Impact Fund reported income of $333k and spending of $255k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $29k to $333k (+1050%), an average of +84% a year. The sharpest change came in the year to December 2020, when income rose by 495%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Cooperative Impact Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Replenish Foundation ($333k), Junior League of Phoenix Inc ($333k) and Melbourne Main Street Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $60k (23% of expenses). At year end it held assets of $564k against liabilities of $0, net assets of $564k. It reported 1 employees.