ASSOCIATION FOR BLACK ECONOMIC POWER
MINNEAPOLIS,
Minnesota,
55405
EIN: 81-5486146
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
227 COLFAX AVE N STE 30
55405
COUNTY
hennepin county, MN
IN CARE OF NAME
DEBRA HURSTON
ORGANIZATIONAL OVERVIEW & RANKINGS
ASSOCIATION FOR BLACK ECONOMIC POWER is a based in MINNEAPOLIS, MN, focused on Community Improvement, Capacity Building causes , specifically Economic Development. Established in May 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $856,015.00, this ranks 231,345 among 2,656,690 nonprofits nationally (Top 9%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 5,102 out of 53,624 organizations in MN (Top 10%).
In hennepin county, MN, the organization ranks 1,811 out of 13,125 nonprofits by assets (Top 14%), while locally in minneapolis, it stands at 1,025 among 6,505 organizations (Top 16%).
The organization reported annual revenue of $500,502.00, ranking 182,794 nationally (Top 7%) and 4,315 in MN (Top 9%).
Within its specific NTEE classification (S30 - S: Community Improvement, Capacity Building), which includes 4,887 similar organizations, ASSOCIATION FOR BLACK ECONOMIC POWER ranks 679 in assets (Top 14%) and 698 in revenue (Top 15%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S30: Economic Development
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$500,502.00
FORM 990 REVENUE AMOUNT
$500,502.00
RULING DATE
05/2018
ASSET CODE
5: $500,000 to $999,999
ASSET AMOUNT
$856,015.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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