247 Blac
EIN: 901179763 · Waterloo, IA · NTEE: S300
| Metric | Value |
|---|---|
| Total Revenue | $455K |
| Total Expenses | $367K |
| Net Assets | $741K |
Search Intent Cockpit
247 Blac Form 990, Revenue, CEO Pay, and IRS Filing Signals
247 Blac is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around 247 Blac in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $316K and expenses of $367K.
Revenue and Expenses
247 Blac reported $316K in revenue and $367K in expenses, a deficit of $51K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is 247 Blac Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, 247 Blac shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 8 stored filing years |
| Peer context | Compare with Latinas Unidas Por Un Nuevo Amanecer | Iowa and Community Improvement context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Latinas Unidas Por Un Nuevo Amanecer →All Iowa nonprofits
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Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Waterloo, IA nonprofitsCommunity Improvement in Iowa
Public Benefit in Iowa
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Community Improvement spending
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Donation Decision Flow
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Verify
Insufficient Data. Check deductibility, filings, and red flags.
2Understand money
Use filing data to inspect spending as enrichment grows.
3Compare
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4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
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Keep the Investigation Moving
About 247 Blac
247 Blac (EIN: 901179763) is a nonprofit organization based in Waterloo, IA, classified under NTEE code S300. The organization reported total revenue of $455K and total assets of $734K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 247 Blac's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
247 Blac is a small nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2016–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $367K |
| Surplus / Deficit | $-50,831 |
| Total Assets | $743K |
| Total Liabilities | $3K |
| Net Assets | $741K |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 24.3 months |
Financial Health Grade: B
In 2023, 247 Blac reported a deficit of $51K with expenses exceeding revenue, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.2% | -24.7% | -8.6% |
| 2022 | +110.5% | +296.6% | +110.8% |
| 2021 | +912.8% | +27689.1% | +396.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 247 Blac has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 247 Blac with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about 247 Blac
Is 247 Blac a legitimate charity?
247 Blac (EIN: 901179763) is a registered tax-exempt nonprofit based in Iowa. It has 8 years of IRS 990 filings on record. Total revenue: $455K. No red flags identified. Financial health grade: B.
How does 247 Blac spend its money?
247 Blac reported $455K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 247 Blac tax-deductible?
247 Blac is registered as a tax-exempt nonprofit (EIN: 901179763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 247 Blac located?
247 Blac is headquartered in Waterloo, Iowa and files with the IRS under EIN 901179763. It is classified under NTEE code S300.
How many years of IRS 990 filings does 247 Blac have?
247 Blac has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $455K in total revenue.
Filing History
IRS 990 filing history for 247 Blac showing financial trends over 8 years of public records:
Total assets increased by 1344.2% over the same period, from $51K to $743K. Total functional expenses rose by 62810.5%, from $583 to $367K. In its most recent filing year (2023), 247 Blac reported a deficit of $51K, with expenses exceeding revenue. The organization holds $3K in liabilities against $743K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $741K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $367K | $743K | $3K | — | — |
| 2022 | $907K | $487K | $813K | $8K | — | View 990 |
| 2021 | $431K | $123K | $386K | $0 | — | View 990 |
| 2020 | $43K | $442 | $78K | $0 | — | — |
| 2019 | $0 | $430 | $36K | $0 | — | View 990 |
| 2018 | $0 | $220 | $36K | $0 | — | — |
| 2017 | $39 | $372 | $36K | $0 | — | View 990 |
| 2016 | $0 | $583 | $51K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $367K, and assets of $743K (revenue -65.2% year-over-year).
- 2022: Revenue of $907K, expenses of $487K, and assets of $813K (revenue +110.5% year-over-year).
- 2021: Revenue of $431K, expenses of $123K, and assets of $386K (revenue +912.8% year-over-year).
- 2020: Revenue of $43K, expenses of $442, and assets of $78K.
- 2019: Revenue of $0, expenses of $430, and assets of $36K.
- 2018: Revenue of $0, expenses of $220, and assets of $36K (revenue -100.0% year-over-year).
- 2017: Revenue of $39, expenses of $372, and assets of $36K.
- 2016: Revenue of $0, expenses of $583, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 247 Blac:
Data Sources and Methodology
This transparency report for 247 Blac is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.