Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
38 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
4 people listed on the 990.
Chipo Sachirarwe’s $284K as Board Member is at the 94th percentile of top reported officer pay among 797 $1–10M civil rights & advocacy nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Black Gravity INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Eliminates Black poverty and systemic inequalities, elevating living standards.
Questions for Black Gravity INC
Your first name shows with your question. Black Gravity INC answers here, for everyone.
All other program expenses related to non profit exempt purposes.
We provided the first $25k of a $100k grant to a venture capital firm we provided a second grant of an initial $38k to anorganization which was used to continue development of a working capital debt fund. We provide a third grant in the amount of $25k to sponsor an event in our winter programming.
During the summer, we delivered our first installment of our largest initiative, equipped, which seeks to develop a researched response to the working capital gaps of underrepresented fund managers. The programming is multi-year and continues beyond 2023.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $642K |
| Total assetsLn 16 | $1.2M | $642K |
| LiabilitiesLn 26 | $0 | $214K |
| Net assetsLn 32 | $1.2M | $429K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $25K | $25K | ||
| Management feesLn 11a | $597K | $597K | ||
| Legal feesLn 11b | $7K | $7K | ||
| Other fees for servicesLn 11g | $2K | $2K | ||
| Advertising and promotionLn 12 | $53K | $53K | ||
| Information technologyLn 14 | $13K | $13K | ||
| TravelLn 17 | $71K | $71K | ||
| Other expenses (24a–d)Ln 24 | $458K | $447K | $12K | |
| All other expensesLn 24e | $3K | $3K | ||
| Total functional expensesLn 25 | $1.2M | $472K | $755K | $3K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Jul 20, 2026 | $1.9M | $1.7M | $181K | $610K | 990 PDF |
| FY2023 ViewingFiled with the IRS Jul 20, 2026 | $501K | $1.2M | −$729K | $429K | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $1.5M | $371K | $1.1M | $1.2M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $500,537 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $500,537 across 6 lines filed
Part IX · Statement of functional expenses $1,229,613 across 9 lines filed
Part X · Balance sheet $642,309 assets, 8 lines filed
Part XI · Reconciliation of net assets $428,638 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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