Organizations primarily serving Black, Indigenous and People of Color were more likely to end the year with an operating surplus.

• BIPOC organizations demonstrate more robust bottom lines than their non-BIPOC counterparts by any measurement. They also have the smallest difference between operating surplus before and after depreciation. This simply means that these organizations tend to have less fixed assets and less unrestricted revenue not related to delivery of regular activities and programs.

• The size distribution of BIPOC v general organizations is very similar: Large – 10% v 16%, Medium – 42% v 39%, and Small – 47% v 45% (not shown in the chart). There are proportionally more small BIPOC organizations, but not by much, as reflected in their lower average total expense level (see the Table). Overall, there were about half as many BIPOC organizations as there were non-BIPOC: 35% v 65% breakdown of orgs.

• Both types of organizations display the expected pattern of unrestricted surplus being the most favorable measurement, followed by operating surplus before depreciation, and finally operating surplus taking depreciation into account.