Black Cultural Zone Community Development Corporation

Analysis

Black Cultural Zone Community Development Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Black Cultural Zone Community Development Corporation reported income of $4.7m and spending of $4.5m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $536k to $4.7m (+785%), an average of +107% a year. The sharpest change came in the year to June 2021, when income rose by 298%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Cultural Zone Community Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Work Opportunities Inc ($4.7m), Team Pennsylvania Foundation ($4.7m) and Landmark Services Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $269k (6.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.4m against liabilities of $415k, net assets of $3.0m. It reported 49 employees.