Black River Industries Inc

Analysis

Black River Industries Inc is a registered charity in United States, based in Medford, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover employment, 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, Black River Industries Inc reported income of $4.3m and spending of $4.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.3m (+45%), an average of +9.7% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black River Industries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Region 10 Workford Board Inc ($4.3m), Detriot Economic Growth Association ($4.3m) and Godman Guild Association ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $4.2m against liabilities of $569k, net assets of $3.6m. It reported 92 employees.