Black Social Capital Initiative Inc

Analysis

Black Social Capital Initiative Inc is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Social Capital Initiative Inc reported income of $115k and spending of $67k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $115k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Black Social Capital Initiative Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Aurora Charitable Foundation Inc ($115k), Gospel Mission Aviation Inc ($115k) and Rotary District 5910 Foundation ($115k).

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 $96k against liabilities of $0, net assets of $96k.