Hbcu Week Foundation Inc

Analysis

Hbcu Week Foundation Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hbcu Week Foundation Inc reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $513k to $2.2m (+329%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hbcu Week Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within DE. Charities of a similar size with the same main cause include Green Pines Academy ($2.2m), Liberation Academy ($2.2m) and The Guy Fieri Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $595k against liabilities of $19k, net assets of $577k.