Foundation for Black Entrepreneursh Ip

Analysis

Foundation for Black Entrepreneursh Ip is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2026. 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 2021, Foundation for Black Entrepreneursh Ip reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $733k to $1.3m (+71%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for Black Entrepreneursh Ip 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 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Harambee Community Development Initiative Inc ($1.3m), Dunn County Fair Association ($1.3m) and Casella Plaza Housing Development Fund Corporation ($1.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (7.0% of expenses). Other salaries and wages came to $33k. At year end it held assets of $394k against liabilities of $91k, net assets of $304k.