Black Developers Forum Inc

Analysis

Black Developers Forum Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 Developers Forum Inc reported income of $342k and spending of $258k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $273k to $342k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Developers Forum Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Empowherment Community Center ($342k), The Gubbio Project Inc ($342k) and Friends of Willamette Falls Media Center ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $128k. At year end it held assets of $386k against liabilities of $5,613, net assets of $380k. It reported 1 employees.