Downtown Blackstone Inc

Analysis

Downtown Blackstone Inc is a registered charity in United States, based in Blackstone, VA. It received its IRS tax-exemption ruling in April 2008, 18 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 December 2023, Downtown Blackstone Inc reported income of $117k and spending of $75k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $117k (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Blackstone Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include New Glarus Vision Inc ($117k), Hudson Development Corporation ($117k) and North Florida Cardiovascular Education Foundation Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Other salaries and wages came to $15k. At year end it held assets of $110k against liabilities of $25k, net assets of $85k. It reported 1 employees.