Black Veterans For Social Justice Inc
Black Veterans For Social Justice Inc. experiences rapid growth with 0% reported officer compensation amidst increasing assets and liabilities.
EIN: 112608983 · Brooklyn, NY · NTEE: W300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36.4M |
| Total Expenses | $67.0M |
| Program Spending | 85% |
| Net Assets | $-7,260,941 |
| Transparency Score | 80/100 |
Is Black Veterans For Social Justice Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Black Veterans For Social Justice Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Black Veterans For Social Justice Inc
Black Veterans For Social Justice Inc (EIN: 112608983) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code W300. The organization reported total revenue of $36.4M and total assets of $116.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black Veterans For Social Justice Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Black Veterans For Social Justice Inc is a large nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67.9M |
| Total Expenses | $67.0M |
| Surplus / Deficit | +$880K |
| Total Assets | $106.9M |
| Total Liabilities | $114.2M |
| Net Assets | $-7,260,941 |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 106.8% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Black Veterans For Social Justice Inc reported a surplus of $880K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 106.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Black Veterans For Social Justice Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +7.8% | +405.0% |
| 2022 | +9.8% | +6.5% | -19.9% |
| 2021 | +11.5% | +26.7% | +18.4% |
| 2020 | +47.4% | +23.6% | +4.1% |
| 2019 | +31.3% | +47.3% | +30.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Black Veterans For Social Justice Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Black Veterans For Social Justice Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $880K, with revenue exceeding expenses.
- Debt-to-asset ratio: 106.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership at the highest levels or that compensation is categorized differently within the financial statements.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Black Veterans For Social Justice Inc's IRS 990 filings:
- Unusually high liabilities relative to assets in some periods (e.g., 2023 liabilities of $114.1M vs. assets of $106.9M)
- Consistent 0% reported officer compensation for a large organization, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Black Veterans For Social Justice Inc:
- Significant and consistent revenue growth over the past decade, indicating strong fundraising and operational capacity.
- Expenses generally track revenue, suggesting funds are being utilized for operations rather than accumulating excessive surpluses.
- Substantial asset growth, indicating increasing organizational capacity and potential for long-term impact.
Frequently Asked Questions about Black Veterans For Social Justice Inc
Is Black Veterans For Social Justice Inc a legitimate charity?
Black Veterans For Social Justice Inc (EIN: 112608983) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 12 years of IRS 990 filings on record. Total revenue: $36.4M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Black Veterans For Social Justice Inc spend its money?
Black Veterans For Social Justice Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Black Veterans For Social Justice Inc tax-deductible?
Black Veterans For Social Justice Inc is registered as a tax-exempt nonprofit (EIN: 112608983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Black Veterans For Social Justice Inc's spending goes to programs?
Black Veterans For Social Justice Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Black Veterans For Social Justice Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Black Veterans For Social Justice Inc is above average for NTEE category W300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Black Veterans For Social Justice Inc located?
Black Veterans For Social Justice Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112608983. It is classified under NTEE code W300.
How many years of IRS 990 filings does Black Veterans For Social Justice Inc have?
Black Veterans For Social Justice Inc has 12 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 $36.4M in total revenue.
How does Black Veterans For Social Justice Inc. manage to report 0% officer compensation given its substantial revenue and operational scale?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $60 million. This could indicate that executive leadership is entirely volunteer-based, or that compensation for key management personnel is reported under other expense categories, which would require further detail from the full IRS 990 forms to clarify.
What is the nature of the significant liabilities reported, particularly the $114.1 million in 2023, and how do they relate to the organization's assets?
The substantial liabilities, such as $114.1 million in 2023, alongside significant assets ($106.9 million in 2023), suggest potential debt financing for large-scale projects, property acquisitions, or other long-term commitments. Understanding the specific nature of these liabilities is crucial for assessing the organization's financial stability and risk.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is essential for a comprehensive assessment of spending efficiency and how effectively funds are directed towards the mission.
Filing History
IRS 990 filing history for Black Veterans For Social Justice Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Black Veterans For Social Justice Inc's revenue has grown by 1024%, moving from $6.0M to $67.9M. Total assets increased by 2220% over the same period, from $4.6M to $106.9M. Total functional expenses rose by 972%, from $6.3M to $67.0M. In its most recent filing year (2023), Black Veterans For Social Justice Inc reported a surplus of $880K, with revenue exceeding expenses. The organization holds $114.2M in liabilities against $106.9M in assets (debt-to-asset ratio: 106.8%), resulting in net assets of $-7,260,941.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67.9M | $67.0M | $106.9M | $114.2M | — | — |
| 2022 | $63.1M | $62.2M | $21.2M | $13.7M | — | View 990 |
| 2021 | $57.5M | $58.4M | $26.4M | $19.9M | — | View 990 |
| 2020 | $51.5M | $46.1M | $22.3M | $14.9M | — | View 990 |
| 2019 | $35.0M | $37.3M | $21.5M | $19.4M | — | View 990 |
| 2018 | $26.6M | $25.3M | $16.5M | $12.1M | — | View 990 |
| 2017 | $11.6M | $11.7M | $10.7M | $7.6M | — | View 990 |
| 2016 | $7.9M | $7.9M | $5.0M | $1.4M | — | View 990 |
| 2014 | $7.2M | $7.2M | $4.6M | $1.1M | — | View 990 |
| 2013 | $5.2M | $5.2M | $4.2M | $752K | — | View 990 |
| 2012 | $5.0M | $5.1M | $4.4M | $959K | — | View 990 |
| 2011 | $6.0M | $6.3M | $4.6M | $985K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67.9M, expenses of $67.0M, and assets of $106.9M (revenue +7.6% year-over-year).
- 2022: Revenue of $63.1M, expenses of $62.2M, and assets of $21.2M (revenue +9.8% year-over-year).
- 2021: Revenue of $57.5M, expenses of $58.4M, and assets of $26.4M (revenue +11.5% year-over-year).
- 2020: Revenue of $51.5M, expenses of $46.1M, and assets of $22.3M (revenue +47.4% year-over-year).
- 2019: Revenue of $35.0M, expenses of $37.3M, and assets of $21.5M (revenue +31.3% year-over-year).
- 2018: Revenue of $26.6M, expenses of $25.3M, and assets of $16.5M (revenue +129.6% year-over-year).
- 2017: Revenue of $11.6M, expenses of $11.7M, and assets of $10.7M (revenue +46.3% year-over-year).
- 2016: Revenue of $7.9M, expenses of $7.9M, and assets of $5.0M (revenue +9.6% year-over-year).
- 2014: Revenue of $7.2M, expenses of $7.2M, and assets of $4.6M (revenue +40.2% year-over-year).
- 2013: Revenue of $5.2M, expenses of $5.2M, and assets of $4.2M (revenue +3.6% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.1M, and assets of $4.4M (revenue -17.6% year-over-year).
- 2011: Revenue of $6.0M, expenses of $6.3M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Black Veterans For Social Justice Inc:
Data Sources and Methodology
This transparency report for Black Veterans For Social Justice Inc 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.