INITIATIVE FOR BLACK-OWNED SMALL BUSINESSES
WEST CHESTER,
Pennsylvania,
19382
EIN: 87-2689400
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
2 MARKET STREET 6TH FLOOR
19382
COUNTY
chester county, PA
ORGANIZATIONAL OVERVIEW & RANKINGS
INITIATIVE FOR BLACK-OWNED SMALL BUSINESSES is a based in WEST CHESTER, PA, focused on Community Improvement, Capacity Building causes , specifically Management Services for Small Business, Entrepreneurs. Established in December 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,575,506 among 2,656,690 nonprofits nationally (Top 97%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 85,101 out of 107,402 organizations in PA (Top 80%).
In chester county, PA, the organization ranks 3,419 out of 4,058 nonprofits by assets (Top 85%), while locally in west chester, it stands at 715 among 752 organizations (Top 95%).
The organization reported no revenue in the most recent filing period, placing it at 2,025,954 nationally and 96,819 in PA.
Within its specific NTEE classification (S43 - S: Community Improvement, Capacity Building), which includes 1,084 similar organizations, INITIATIVE FOR BLACK-OWNED SMALL BUSINESSES ranks 1,022 in assets (Top 94%) and 1,022 in revenue (Top 94%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
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
S43: Management Services for Small Business, Entrepreneurs
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
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
12/2022
ASSET CODE
N/A
ASSET AMOUNT
$0.00
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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