Black School Inc

Analysis

Black School Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 School Inc reported income of $340k and spending of $630k, spending 185% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $187k to $340k (+82%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black School Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include Concord Community TV CCTV ($340k), Aston Magna Foundation for Music and the Humanities Inc ($340k) and I Am Logan Square ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $161k (26% of expenses). Other salaries and wages came to $193k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 5 employees.