Black in Robotics Inc

Analysis

Black in Robotics Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in January 2022, 4 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, Black in Robotics Inc reported income of $231k and spending of $160k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $276k to $231k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black in Robotics Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Mayflower Heritage Christian School ($231k), Certified Student Loan Advisors Board of Standards ($231k) and Latino Learning Center Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $423k against liabilities of $0, net assets of $423k.