Black and Gold Initiative

Analysis

Black and Gold Initiative is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black and Gold Initiative reported income of $50k and spending of $35k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $5,112 to $50k (+887%), an average of +214% a year. The sharpest change came in the year to December 2022, when income rose by 376%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black and Gold Initiative sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include PRHS Cross Country Booster Club Inc ($50k), Central Cambria Education Foundation ($50k) and Queens Foundation for Architecture Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.