Black Professionals Network Inc

Analysis

Black Professionals Network Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Black Professionals Network Inc reported income of $424k and spending of $62k, leaving 85% of income unspent that year. Across the 3 years on record, from December 2018 to December 2022, income grew from $77k to $424k (+453%), an average of +135% a year. The sharpest change came in the year to December 2022, when income rose by 656%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Professionals Network Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Orange County Historical Society Inc ($424k), Georgia Northwestern Technical College Foundation Inc ($424k) and National Assistance League ($424k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $9,241. At year end it held assets of $0 against liabilities of $0, net assets of $0.