Blackmagic Collective

Analysis

Blackmagic Collective is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in November 2023, 3 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 December 2022, Blackmagic Collective reported income of $180k and spending of $167k, spending 93% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $10k to $180k (+1700%), an average of +106% a year. The sharpest change came in the year to December 2019, when income rose by 205%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blackmagic Collective sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Tutti Bambini ($180k), Esteem a Total Transformation ($180k) and First Richland Morrow Housing Inc VI ($180k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.