Black Latinx Asian Charter Collaborative

Analysis

Black Latinx Asian Charter Collaborative is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2022, 4 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 June 2023, Black Latinx Asian Charter Collaborative reported income of $3.9m and spending of $2.4m, leaving 39% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.2m to $3.9m (+228%), an average of +228% a year. The sharpest change came in the year to June 2023, when income rose by 228%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Black Latinx Asian Charter Collaborative sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Women Moving on Inc ($3.9m), Arc of Southside Inc ($3.9m) and Comite Civico Del Valle Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $298k (12% of expenses). Other salaries and wages came to $262k. At year end it held assets of $3.0m against liabilities of $320k, net assets of $2.7m. It reported 3 employees.