Black Hills Works Foundation Inc

Analysis

Black Hills Works Foundation Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in January 1983, 43 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 Hills Works Foundation Inc reported income of $2.7m and spending of $3.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.7m (+33%), an average of +7.3% a year. Over the whole period it spent 99% 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 Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within SD. Charities of a similar size with the same main cause include Joint Electrical Industry Training Fund ($2.7m), Frank Town Open Hearts Ministry Inc ($2.7m) and Ability Works Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 21% of the total. Other salaries and wages came to $570k. At year end it held assets of $33.9m against liabilities of $1.2m, net assets of $32.7m.