Black Executive Cmo Alliance

Analysis

Black Executive Cmo Alliance is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Executive Cmo Alliance reported income of $2.3m and spending of $3.1m, spending 135% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.0m to $2.3m (+17%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Executive Cmo Alliance sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Calso Community Inc ($2.3m), McKenzie Personnel Systems ($2.3m) and Agudath Israel of Lakewood New Jersey Community Services Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $734k (23% of expenses). At year end it held assets of $5.3m against liabilities of $965k, net assets of $4.3m. It reported 1 employees.