Black Stone Valley Advocacy Center

Analysis

Black Stone Valley Advocacy Center is a registered charity in United States, based in Central Falls, RI. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Black Stone Valley Advocacy Center reported income of $3.3m and spending of $2.0m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.3m (+119%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Stone Valley Advocacy Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 86th percentile within RI. Charities of a similar size with the same main cause include Hart Community Home Inc ($3.3m), Hope for Prisoners Om Inc ($3.3m) and Inland Empire Autism Spectrum Disorder Assessment Center of Exce ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $128k (6.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.2m against liabilities of $746k, net assets of $2.4m. It reported 48 employees.