Blacksmith Institute Inc

Analysis

Blacksmith Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Blacksmith Institute Inc reported income of $5.2m and spending of $7.0m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.2m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 71% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Blacksmith Institute 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 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Mission Mutual ($5.2m), Franciscan Foundation for the Holy Land ($5.3m) and Invisible Children Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $747k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $15.7m against liabilities of $932k, net assets of $14.8m. It reported 25 employees.