Black United Fund of Oregon Inc

Analysis

Black United Fund of Oregon Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 United Fund of Oregon Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $258k to $2.0m (+665%), an average of +66% a year. The sharpest change came in the year to June 2021, when income rose by 366%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Black United Fund of Oregon Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include United Way of Washington County ($2.0m), Invest to Protect Our Law Enforcement Officers Inc ($2.0m) and Foundatin for the Educational Development of Children ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $133k (6.8% of expenses). Other salaries and wages came to $326k. At year end it held assets of $4.7m against liabilities of $19k, net assets of $4.7m. It reported 7 employees.