Black Men Coalition Foundation

Analysis

Black Men Coalition Foundation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Men Coalition Foundation reported income of $933k and spending of $581k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $243k to $933k (+284%), an average of +284% a year. The sharpest change came in the year to December 2023, when income rose by 284%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Men Coalition Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Project H O M E ($932k), Cyt Lafayette Inc ($934k) and Bridge Investment Community Development Corporation ($932k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $131k (23% of expenses). Other salaries and wages came to $68k. At year end it held assets of $1.6m against liabilities of $1.1m, net assets of $527k. It reported 4 employees.