Black Economic Alliance Foundation

Analysis

Black Economic Alliance Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Economic Alliance Foundation reported income of $12.9m and spending of $12.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $575k to $12.9m (+2144%), an average of +118% a year. The sharpest change came in the year to December 2020, when income rose by 438%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Black Economic Alliance Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Travis Manion Foundation ($12.9m), Telford Foundation Inc ($12.9m) and Helvetas USA ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $250k (2.0% of expenses). Other salaries and wages came to $234k. At year end it held assets of $16.0m against liabilities of $3.6m, net assets of $12.4m. It reported 2 employees.