Black Hills Workshop Residential Services Inc

Analysis

Black Hills Workshop Residential Services Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in February 1984, 42 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 2024, Black Hills Workshop Residential Services Inc reported income of $466k and spending of $215k, leaving 54% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $160k to $466k (+192%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 185%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Black Hills Workshop Residential Services Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within SD. Charities of a similar size with the same main cause include Linden House of Hobart Inc ($466k), Disabled Adults Residential Enterprises ($466k) and Right Place for Housing and Support ($465k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $1.2m against liabilities of $699k, net assets of $493k.