Blackstone Valley Tourism Council Inc

Analysis

Blackstone Valley Tourism Council Inc is a registered charity in United States, based in Central Falls, RI. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Blackstone Valley Tourism Council Inc reported income of $2.5m and spending of $2.8m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 198%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blackstone Valley Tourism Council Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 84th percentile within RI. Charities of a similar size with the same main cause include The American Center of Research Incorporated ($2.5m), Orange County Music and Dance Inc ($2.5m) and Renaissance Theatre Company ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 86% of the total. Other salaries and wages came to $890k. At year end it held assets of $2.6m against liabilities of $1.5m, net assets of $1.0m. It reported 29 employees.