Illinois · Public charity
Expanding Black Business
Expanding Black Business NFP is a not-for-profit organization established to document and disseminate best practices in lending to black businesses within network and broadly; with a goal of dramatically increasing lending to black-owned businesses across the nation. The organization is supported primarily by contributions from the…
- $248k
- Granted FY2022
- 1
- Grants FY2022
- 1
- Organizations funded FY2022
- 100%
- First-time grantees FY2022
- Median grant, FY2022
- $248,054
- Largest grant, FY2022
- $248,054
- Organizations funded a year
- 1 to 7
- FY2020 to FY2022
- States reached, FY2022
- 1
- Total assets, FY2022
- $9.8M
How open it is to new grantees
In FY2022, 100% of the organizations Expanding Black Business funded were first-time grantees, receiving 100% of its grant dollars.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2022 | 1 | $248k | 100% |
| FY2020 | 7 | $3.5M | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2022.
Top grantees
Largest recipients by total granted, FY2020 to FY2022, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| City First Enterprises Inc | $500,000 | 1 | 4% |
| Metropolitan Economic Development Association | $500,000 | 1 | 7% |
| Hope Enterprise Corporation | $500,000 | 1 | 1% |
| Black Community Development Corporation | $500,000 | 1 | n/a |
| Texas Mezzanine Fund | $500,000 | 1 | n/a |
| Community First Fund | $500,000 | 1 | 4% |
| National Community Investment Fund | $500,000 | 1 | 7% |
| Black Vision Fund LLC | $248,054 | 1 | n/a |
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.
Open a dossier: Opportunity Finance Network
How this is measured
About Expanding Black Business
- How much does Expanding Black Business give?
- Expanding Black Business reported 1 grants totaling $248,054 in its FY2022 IRS filing. It funded between 1 and 7 organizations a year over FY2020 to FY2022.
- What does Expanding Black Business fund?
- By grant dollars over FY2020 to FY2022, its largest causes are Community Improvement (73%), Health (13%), Human Services (13%).
- Who are Expanding Black Business's largest grantees?
- By total granted over FY2020 to FY2022: City First Enterprises Inc ($500k), Metropolitan Economic Development Association ($500k), Hope Enterprise Corporation ($500k).
- Does Expanding Black Business fund new organizations?
- In FY2022, 100% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Expanding Black Business?
- Its strongest co-funders, measured against what their size predicts, include Opportunity Finance Network.
- Where is Expanding Black Business based?
- Expanding Black Business is based in IL.
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