Black Business Association of Los Angeles

Analysis

Black Business Association of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2014, 12 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 Business Association of Los Angeles reported income of $210k and spending of $217k, spending 103% of its income. Across the 4 years on record, from December 2017 to December 2023, income fell from $301k to $210k (-30%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Business Association of Los Angeles sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Coalition for Fairness in Soho and Noho Inc ($210k), Rotary/One Foundation Inc ($211k) and Relationship Unleashed ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). It paid $5,210 in professional fundraising fees. At year end it held assets of $36k against liabilities of $36k, net assets of $0.