Advancing Black Entrepreneurship Inc

Analysis

Advancing Black Entrepreneurship Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Advancing Black Entrepreneurship Inc reported income of $176k and spending of $177k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $176k (+138%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Advancing Black Entrepreneurship Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within AR. Charities of a similar size with the same main cause include Bethany House Ministries Inc ($176k), Casa of Rutherford County Inc ($176k) and Justice Coalition Inc ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $163 against liabilities of $0, net assets of $163.