Overview
What is Associated Black Charities Inc?
Associated Black Charities Inc, based in Baltimore, Maryland, is a racial equity organization dedicated to addressing and eliminating structural racism barriers. As a public foundation, they serve as an educator, advocate, supporter, and convener, working across Maryland to advance long-term solutions that create new opportunities for African Americans to financially thrive and strengthen the economy for all. In addition to their advocacy work, they also provide HIV/AIDS emergency relief through the Ryan White HIV/AIDS Program. This program offers a comprehensive system of care, including primary medical care and essential support services, for individuals living with HIV who are uninsured or underinsured. Associated Black Charities Inc employs a team of 17 individuals in their mission to promote equality and improve the lives of African Americans.
Official website here: www.abc-md.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Stars)
Associated Black Charities Inc has achieved a perfect score of 100%, which reflects its exceptional performance in accountability and finance. This high rating indicates strong financial health and transparency, reassuring donors of the organization’s commitment to responsible management of resources. The score is based solely on their accountability and finance metrics, signifying a robust governance structure and adherence to best practices.
The organization boasts a fully independent board comprised of 18 members, demonstrating strong oversight and governance principles. It has demonstrated effective financial practices, with no material diversion of assets and a favorable liabilities to assets ratio. Additionally, the presence of comprehensive policies related to conflicts of interest, whistleblower protections, and document retention demonstrates a commitment to integrity and accountability.
While the data indicates a solid financial standing and governance, the lack of programmatic or impact-related ratings in this assessment may limit insights into the organization's effectiveness in achieving its mission. However, the strong financial metrics present a foundation for potential impact, making Associated Black Charities Inc a trustworthy choice for donors seeking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Associated Black Charities Inc legitimate?
Associated Black Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Associated Black Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $554,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $804,798
For more financial information, click here
Official website here: www.abc-md.org/
What is the mission statement of Associated Black Charities Inc?
Associated Black Charities Inc serves as an educational, advocacy, and supportive organization, working towards eliminating barriers created by structural racism. Their mission is to advance long-term solutions that create new opportunities for Black people to thrive financially, thereby strengthening the economy for all. As a public foundation, ABC operates across various regions, working tirelessly to eradicate race-based structural barriers and foster a more equitable society for African Americans. In addition to their advocacy efforts, they provide essential support services for individuals living with HIV, ensuring they receive necessary medical care and resources.
Official website here: www.abc-md.org/
Who is the CEO of Associated Black Charities Inc?
Chris M Thornton is the Interim Ceo of Associated Black Charities Inc. The CEO's salary of Associated Black Charities Inc is $85,308 and their total compensation is $85,308.
Official website here: www.abc-md.org/
What is the revenue of Associated Black Charities Inc?
Associated Black Charities Inc's revenue in 2022 was $4,890,985.
Official website here: www.abc-md.org/
Who are the executives of Associated Black Charities Inc and what are their salaries?
The average compensation at Associated Black Charities Inc during 2022 was $79,979. There are 17 employees and 66 volunteers at Associated Black Charities Inc.
Here are 20 key members and their salaries (Associated Black Charities Inc's CEO's salary is $85,308 and their total compensation is $85,308):
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- Compensation: $104,557
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Official website here: www.abc-md.org/
Where can I find the form 990 for Associated Black Charities Inc?
Associated Black Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abc-md.org/
Learn more at the official website: www.abc-md.org/
Mission Statement of Associated Black Charities Inc
Associated Black Charities Inc, serving as an educational, advocacy, supportive, and convening organization, is committed to addressing and eliminating the barriers created by structural racism. This Baltimore-based nonprofit operates with a mission to advance long-term solutions that create new opportunities for Black people to thrive financially, ultimately contributing to a stronger economy for all. By working across Maryland, Associated Black Charities Inc aims to eradicate race-based structural barriers, fostering an inclusive and equitable society.
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Impact
July, 2024
Associated Black Charities Inc has a significant impact as a racial equity organization working to eliminate barriers created by structural racism and advance long-term solutions for Black individuals to thrive financially and build a stronger economy for all. They serve as educators, advocates, supporters, and conveners in addressing these crucial issues across Maryland. One of their initiatives includes the provision of HIV/AIDS emergency relief through the Ryan White HIV/AIDS Program, offering essential support services and primary medical care to those living with HIV who are uninsured or underinsured. Their work not only benefits individuals in need but also contributes to creating a more equitable society for all.
This information is meant to be a general summary of Associated Black Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$186,330
- Gross Receipts: $4,890,985
Assets and Liabilities:
- Total Assets: $2,917,139
- Total Liabilities: $816,284
- Net Assets: $2,100,855
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Organization Details
Founding Year
1986
Phone
(410) 659-0000Principal Officer
Chris M Thornton
Main Address
2 HAMILL ROAD STE 302 EAST QUAD, BALTIMORE, MD, 21210
Website
www.abc-md.org/NTEE Category
Code: T00 - Philanthropy
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