Black Impact Collaborative

Analysis

Black Impact Collaborative is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2021, 5 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 Collaborative reported income of $195k and spending of $381k, spending 196% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $273k to $195k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Impact Collaborative sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Rotary Club of Vero Beach Sunrise Foundation Inc ($195k), Hawaii Aloha Life Enrichment Assoc ($195k) and Partnership Center for Adult Day Care Inc ($195k).

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 $247k against liabilities of $100k, net assets of $147k.