CHARLOTTE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSTITUTE FOR BLACK CHARITIES INC, founded in 1997, is a micro nonprofit in the Community Improvement sector that reported $62K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $81K exceeded revenue, resulting in a 30% operating deficit.
TO SUPPORT CHARITABLE PROGRAMS THAT IMPROVE THE LIVING CONDITIONS FOR BLACK CHILDREN, FAMILIES AND IMPOVERISHED COMMUNITIES WORLDWIDE THROUGH ECONOMIC INITIATIVES, CRISIS RELIEF EFFORTS, EDUCATIONAL INITIATIVES, TRAINING/OUTREACH AND REFERRAL SERVICES.
PROVIDED TECHNICAL ASSISTANCE TO CHARITABLE NON PROFIT ORGANIZATIONS IN THE AREAS OF ORGANIZATIONAL DEVELOPMENT, ASSESSMENT AND STRATEGIC PLANNING,FINANCIAL MANAGEMENT AND ACCOUNTABILITY, MARKETING...
PROVIDED TECHNICAL ASSISTANCE TO CHARITABLE NON PROFIT ORGANIZATIONS IN THE AREAS OF ORGANIZATIONAL DEVELOPMENT, ASSESSMENT AND STRATEGIC PLANNING,FINANCIAL MANAGEMENT AND ACCOUNTABILITY, MARKETING AND TECHNOLOGY. HUNDREDS OF ORGANIZATIONS BENEFITED.ADDITIONALLY, PROVIDED FUNDING TO INDIVIDUALS AND HUMANITARIAN NEEDS TO FOREIGN COUNTRIES; FOOD, SHELTER AND SELF-HELP PROGRAMS TO DEVELOPING COUNTRIES. PROVIDED TECHNICAL ASSISTGANCE, DEVELOPMENT PLANNING AND FUNDING TO PROJECTS BENEFITING THOUSANDS OF INDIVIDUALS.FURTHER, SERVED THE NEEDS OF DEVELOPING COUNTIRES WITH HUMANITARIAN ASSISTANCE AND COMMUNITY PROGRAM INITIATIVES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $62,000 | $72,000 | -0.1% |
| Expenses | $80,770 | $77,102 | +0.0% |
| Net Income | $-18,770 | $-5,102 | +2.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLENE TAYLOR | PRESIDENTCEO | 40.00 |
Director
Key Emp
|
$0 | $0 | $0 |
| DONALD CHANDLER | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE FULBRIGHT | SECRETARYTREASURER | 15.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIMOTHY BRACEY | CHAIRMAN | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS CARPENTER | DIRECTOR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $62,000 | $80,770 | $87,765 | $-18,770 |
| 2022 | $72,000 | $77,102 | $106,535 | $-5,102 |
| 2021 | $93,876 | $68,352 | $111,637 | $25,524 |
| 2020 | $74,600 | $61,899 | $86,113 | $12,701 |
| 2019 | $56,154 | $58,884 | $73,412 | $-2,730 |
| 2018 | $86,920 | $105,081 | $76,142 | $-18,161 |
Compare INSTITUTE FOR BLACK CHARITIES INC with other nonprofits in North Carolina and across the country.