Blackstone United Methodist Housing Corporation

Analysis

Blackstone United Methodist Housing Corporation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Blackstone United Methodist Housing Corporation reported income of $127k and spending of $191k, spending 150% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $107k to $127k (+19%), an average of +4.4% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blackstone United Methodist Housing Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Fiddlers Manor Inc ($127k), Aasc Housing I Inc ($127k) and Aaa Elderly Housing - Heritage Court of Sheridan Inc ($127k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.0m against liabilities of $1.8m, net assets of -$708k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.