Overview

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Est.

2021

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

CAPITAL B NEWS INC is a pioneering nonprofit news organization dedicated to serving Black communities across the country through exceptional journalism. With an operating budget of $5.9 million for the 2024 filing year, the organization aims to combat inequality and enhance access to information. CAPITAL B NEWS INC does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at http://www.capitalbnews.org.

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Mission Statement

CAPITAL B IS A FIRST-OF-ITS-KIND LOCAL AND NATIONAL NONPROFIT NEWS ORGANIZATION REPORTING FOR BLACK COMMUNITIES ACROSS THE COUNTRY. OUR MISSION IS TO COMBAT INEQUALITY AND BUILD MORE INFORMED BLACK COMMUNITIES THROUGH ACCESSIBLE, TRANSPARENT AND EXCEPTIONAL JOURNALISM.

Cause Areas

1
Publishing
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Financials

2024
Revenues
$5.9M
Expenses
$5.9M
Net Income:
-$35.2K
Assets
$8.2M
Liabilities
$259.2K
Net Assets:
+$7.9M

Financial Trends

2024
Operating Budget
$5.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Logo for "THE FORD FOUNDATION"
THE FORD FOUNDATION
NEW YORK, NY, US
$1.5B
< 1%
THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF
Philadelphia, PA, US
$9.7M
13%
Logo for "AMERICAN JOURNALISM PROJECT INC"
AMERICAN JOURNALISM PROJECT INC
Washington, DC, US
$54.2M
2%

Grants Received

2024
Total No. of Grants
30
Median grant size
$100K
Largest grant received
$450.6K

Board & Team

L
Lauren Williams
Board Member
A
Akoto Ofori-Atta
Board Member
M
Matt Thompson
Board Member

Frequently Asked Questions

What is CAPITAL B NEWS INC’s budget?
In 2024, CAPITAL B NEWS INC reported an annual operating budget of around $5.9 million. More detailed financial information is available to registered users.
What causes does CAPITAL B NEWS INC support?
CAPITAL B NEWS INC supports work in Publishing.
Where does CAPITAL B NEWS INC operate?
CAPITAL B NEWS INC is headquartered in Brooklyn, NY.
Who funded CAPITAL B NEWS INC recently?
In 2024, CAPITAL B NEWS INC received grants from FIDELITY INVESTMENTS CHARITABLE GIFT FUND, John D and Catherine T MacArthur Foundation (Consolidated), and THE SCHMIDT FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant CAPITAL B NEWS INC received in 2024?
The largest grant to CAPITAL B NEWS INC in 2024 exceeds $451 thousand.