American Association of Blacks in Energy

Analysis

American Association of Blacks in Energy is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, American Association of Blacks in Energy reported income of $3.0m and spending of $3.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.0m (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 92% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, American Association of Blacks in Energy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 73rd percentile within DC. Charities of a similar size with the same main cause include Midwest Access Coalition ($3.0m), Familias En Accion ($3.0m) and Alpha House of Springfield ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $150k (4.7% of expenses). Other salaries and wages came to $511k. At year end it held assets of $1.9m against liabilities of $1.4m, net assets of $572k. It reported 5 employees.