Black Rock Community Council Inc

Analysis

Black Rock Community Council Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 2019, 7 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, Black Rock Community Council Inc reported income of $52k and spending of $15k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $18k to $52k (+183%), an average of +184% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Rock Community Council Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include Community Equity Collaborative ($52k), Honey Branch Industrial Development Authority Inc ($52k) and Lakewood Heritage Foundation ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.