Center for Black Educator Development

Analysis

Center for Black Educator Development is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Center for Black Educator Development reported income of $9.6m and spending of $6.5m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $9.6m (+801%), an average of +108% a year. The sharpest change came in the year to June 2022, when income rose by 576%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Black Educator Development sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Grand Rapids Symphony Society ($9.6m), Alabama Shakespeare Festival Inc ($9.7m) and Fox Cities Performing Arts Center Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $424k (6.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $19.5m against liabilities of $1.2m, net assets of $18.3m. It reported 214 employees.