Blackbelt Treasures

Analysis

Blackbelt Treasures is a registered charity in United States, based in Camden, AL. It received its IRS tax-exemption ruling in December 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Blackbelt Treasures reported income of $499k and spending of $450k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $344k to $499k (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2020, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blackbelt Treasures sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Latin American Economic Development Association Inc ($499k), Tikkun Farm Inc ($499k) and Wisdom of the Elderberry Farm ($498k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $176k. At year end it held assets of $392k against liabilities of $110k, net assets of $283k. It reported 9 employees.