Black Excellence

Analysis

Black Excellence is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Excellence reported income of $186k and spending of $198k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $186k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Excellence sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within MO. Charities of a similar size with the same main cause include Downtown Kingsport Association Inc ($186k), Destination Madison Foundation Inc ($186k) and Maef Real Estate Holdings Inc ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.