Black Rock Ravenden Area Development Inc

Analysis

Black Rock Ravenden Area Development Inc is a registered charity in United States, based in Pocahontas, AR. It received its IRS tax-exemption ruling in September 1987, 39 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 (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 Rock Ravenden Area Development Inc reported income of $99k and spending of $87k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $99k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Black Rock Ravenden Area Development Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within AR. Charities of a similar size with the same main cause include Maxcen Housing Society Inc New York Branch ($99k), Forest Meadows Apartments Inc ($99k) and A Giving Heart ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $4,796 (5.5% of expenses). Other salaries and wages came to $4,357. At year end it held assets of $269k against liabilities of $113k, net assets of $156k.