Black Healing Fund

Analysis

Black Healing Fund is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in December 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 December 2023, Black Healing Fund reported income of $121k and spending of $94k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $121k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Healing Fund sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include Brookfield Community Betterment Inc ($121k), Alaska Development Corporation ($121k) and Pride Productions Inc ($121k).

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 $110k against liabilities of $0, net assets of $110k.