Black Impact Community Fund Inc

Analysis

Black Impact Community Fund Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Impact Community Fund Inc reported income of $479k and spending of $190k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $530k to $479k (-9.6%), an average of -9.6% a year. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Impact Community Fund Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include The River Center Family and Community Resource Center ($479k), Urban League of Greater Columbus Inc ($479k) and V a Kids Center Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $655k against liabilities of $0, net assets of $655k.