Blue Ridge Business Development Center

Analysis

Blue Ridge Business Development Center is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blue Ridge Business Development Center reported income of $65k and spending of $62k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $65k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blue Ridge Business Development Center sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Wounded Warrior Umpire Academy ($65k), I2b2 Transmart Foundation ($65k) and All About Sacramento Community Fund ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 6.4% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.