Black Hills Works Inc

Analysis

Black Hills Works Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in December 1978, 48 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 June 2024, Black Hills Works Inc reported income of $49.4m and spending of $44.9m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $25.4m to $49.4m (+95%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Hills Works Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SD. Charities of a similar size with the same main cause include Boca Raton Regional Hospital Foundation Inc ($48.7m), Goodwill Industries of Central Oklahoma Inc ($49.7m) and Dtcare ($48.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $478k (1.1% of expenses). Other salaries and wages came to $29.1m. At year end it held assets of $23.6m against liabilities of $6.2m, net assets of $17.5m. It reported 1,049 employees.