National Black Empowerment Council Inc

Analysis

National Black Empowerment Council Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Black Empowerment Council Inc reported income of $2.3m and spending of $1.9m, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.8m to $2.3m (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Black Empowerment Council Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.3m), Boy Scouts of America ($2.3m) and Centralia Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $440k (24% of expenses). Other salaries and wages came to $424. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.