Black Men Teach

Analysis

Black Men Teach is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Black Men Teach reported income of $2.2m and spending of $1.2m, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $176k to $2.2m (+1145%), an average of +132% a year. The sharpest change came in the year to June 2021, when income rose by 611%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Men Teach sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include VMRC Foundation Inc ($2.2m), El Centro Hispano Inc ($2.2m) and Hidden Harvest Corporation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $153k (13% of expenses). Other salaries and wages came to $219k. It paid $121k in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $55k, net assets of $4.0m. It reported 4 employees.