Black Art Speaks

Analysis

Black Art Speaks is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 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 Art Speaks reported income of $405k and spending of $279k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $158k to $405k (+156%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 275%. Over the whole period it spent 75% 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 Art Speaks sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Friends of the Hastings Performing Arts Center ($405k), Indian Cultural Heritage Foundation ($405k) and Parviz Shahbazi Foundation Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $1,563 in professional fundraising fees. At year end it held assets of $141k against liabilities of $0, net assets of $141k.