Black Wall Street Avl

Analysis

Black Wall Street Avl is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, 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 August 2023, Black Wall Street Avl reported income of $240k and spending of $226k, spending 94% of its income. Across the 2 years on record, from June 2022 to August 2023, income grew from $68k to $240k (+254%), an average of +254% a year. The sharpest change came in the year to August 2023, when income rose by 254%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Wall Street Avl sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Mt Juliet Help Center ($240k), Instruction Construction ($240k) and Thrive Economic Development Inc ($240k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Other salaries and wages came to $101k. At year end it held assets of $44k against liabilities of $14k, net assets of $30k.