Black in Ai

Analysis

Black in Ai is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 in Ai reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $295k to $1.2m (+316%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black in Ai sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include American Friends of the Old Citycheder in Jerusalem Inc ($1.2m), The Society for Classical Studies ($1.2m) and Mary Lyon Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $190k (18% of expenses). Other salaries and wages came to $80k. At year end it held assets of $2.8m against liabilities of $61k, net assets of $2.8m. It reported 3 employees.