Black Innovation Alliance

Analysis

Black Innovation Alliance is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Innovation Alliance reported income of $3.6m and spending of $3.6m, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.2m to $3.6m (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Innovation Alliance sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Museum of Northern Arizona Inc ($3.6m), Buffalo Transportation Museum ($3.6m) and Performance Space 122 Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $315k (8.9% of expenses). At year end it held assets of $855k against liabilities of $31k, net assets of $824k. It reported 16 employees.