Blacks in Technology Foundation

Analysis

Blacks in Technology Foundation is a registered charity in United States, based in Cleves, OH. It received its IRS tax-exemption ruling in August 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, Blacks in Technology Foundation reported income of $1.2m and spending of $1.6m, spending 134% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $1.2m (+9.2%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blacks in Technology Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Greater Waco Collective Impact Initiative ($1.2m), Central Area Neighborhood Development Organization ($1.2m) and Pennsylvania State Association of County Fairs ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.1m against liabilities of $711k, net assets of $391k. It reported 1 employees.