Black-Owned Business Excellence

Analysis

Black-Owned Business Excellence is a registered charity in United States, based in Roy, WA. It received its IRS tax-exemption ruling in April 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 December 2023, Black-Owned Business Excellence reported income of $91k and spending of $42k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $91k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black-Owned Business Excellence sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within WA. Charities of a similar size with the same main cause include Hartington Foundation Inc ($91k), Harry Veterans Community Outreach Services Inc ($91k) and Bridge for Hope Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.