Blacks United in Leading Technology International

Analysis

Blacks United in Leading Technology International is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Blacks United in Leading Technology International reported income of $179k and spending of $208k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $108k to $179k (+66%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blacks United in Leading Technology International sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Sarah Smith Education Foundation Inc ($179k), James C Cabrera Memorialscholarship Fund ($179k) and Duryea-Navesink Library Association Inc ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 0.8% of the total. Other salaries and wages came to $72k. At year end it held assets of $60k against liabilities of $64k, net assets of -$3,508.