National Black Business Support Corporation

Analysis

National Black Business Support Corporation is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in January 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 (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 2022, National Black Business Support Corporation reported income of $80k and spending of $42k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income fell from $139k to $80k (-43%), an average of -24% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Black Business Support Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include New York State Cdfi Coalition Inc ($80k), Friends of the Joshua Tree ($80k) and Womans Club of Olympia ($80k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $216k against liabilities of $48k, net assets of $168k.