Black Ambition Opportunity Inc

Analysis

Black Ambition Opportunity Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 Ambition Opportunity Inc reported income of $5.2m and spending of $7.3m, spending 142% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 56% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Black Ambition Opportunity Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Cybercrime Support Network ($5.2m), Impact for Equity Inc ($5.2m) and Indivisible Civics Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $361k (4.9% of expenses). Other salaries and wages came to $497k. At year end it held assets of $12.6m against liabilities of $3.4m, net assets of $9.2m. It reported 5 employees.