Los Angeles Chapter of the National Black Mba Association

Analysis

Los Angeles Chapter of the National Black Mba Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Los Angeles Chapter of the National Black Mba Association reported income of $54k and spending of $82k, spending 153% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $78k to $54k (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles Chapter of the National Black Mba Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Professionals Reaching Out to the Community-Proc-Foundation Inc ($54k), Rotary Club of Beaumont Spindletop Inc ($54k) and Library Foundation of Lampasas TX ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $32k against liabilities of $110, net assets of $31k.