Black Man Lab Foundation Inc

Analysis

Black Man Lab Foundation Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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 Man Lab Foundation Inc reported income of $136k and spending of $260k, spending 190% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $268k to $136k (-49%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Man Lab Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Little League Baseball Inc ($136k), New Dance Alliance Inc ($136k) and Country Garden Club Perrysburg Ohio ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $255k against liabilities of $3,444, net assets of $251k.