Black Achievement Fund Inc

Analysis

Black Achievement Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Achievement Fund Inc reported income of $219k and spending of $155k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $205k to $219k (+7.2%), an average of +2.3% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Achievement Fund Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Challenge Outreach ($219k), R I Hospitality Education Foundation ($220k) and Christian Womens Job Corp of Madison County Alabama Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (24% of expenses). At year end it held assets of $64k against liabilities of $0, net assets of $64k. It reported 4 employees.