Black Art in America Foundation Inc

Analysis

Black Art in America Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 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 in America Foundation Inc reported income of $137k and spending of $85k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $241k to $137k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 55% 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 in America Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Soikot-Bengali Association of Greater Tampa Inc ($137k), Naples Community Orchestra Inc ($137k) and Rofayki Inc ($137k).

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 $31k. It paid $2,000 in professional fundraising fees. At year end it held assets of $170k against liabilities of $0, net assets of $170k. It reported 1 employees.