Blackford-Grant Hud II Inc

Analysis

Blackford-Grant Hud II Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in July 1995, 31 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 June 2023, Blackford-Grant Hud II Inc reported income of $206k and spending of $204k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $136k to $206k (+52%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blackford-Grant Hud II Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include Chesapeake Supportive Housing Inc ($206k), Ecology House Inc ($206k) and Stillaguamish Gardens ($206k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 66% of the total. Other salaries and wages came to $27k. At year end it held assets of $482k against liabilities of $1.3m, net assets of -$833k.