National Black Cultural Information Trust Inc

Analysis

National Black Cultural Information Trust Inc is a registered charity in United States, based in Waldorf, MD. It received its IRS tax-exemption ruling in August 2021, 5 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, National Black Cultural Information Trust Inc reported income of $308k and spending of $243k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $447k to $308k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Black Cultural Information Trust Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Carteret County Public School Foundation ($308k), Ne Registry Inc ($308k) and Let God Help Resources Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $87k (36% of expenses). Other salaries and wages came to $44k. At year end it held assets of $153k against liabilities of $12k, net assets of $142k. It reported 2 employees.