SF Black Wall Street Foundation

Analysis

SF Black Wall Street Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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, SF Black Wall Street Foundation reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $116k to $1.2m (+908%), an average of +218% a year. The sharpest change came in the year to December 2022, when income rose by 710%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SF Black Wall Street Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Katonah Village Library ($1.2m), Jeffco Subcontracting Inc ($1.2m) and Galcom International USA Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $194k (18% of expenses). Other salaries and wages came to $102k. At year end it held assets of $371k against liabilities of $67k, net assets of $304k. It reported 4 employees.