Black River Area Development Corporation

Analysis

Black River Area Development Corporation is a registered charity in United States, based in Pocahontas, AR. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover community improvement and capacity building, 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 April 2024, Black River Area Development Corporation reported income of $11.9m and spending of $11.5m, spending 96% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $9.3m to $11.9m (+28%), an average of +6.3% 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 River Area Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Northside Economic Opportunity Network ($11.9m), Hawthorne Valley Association Inc ($11.9m) and Goodwill Industries of Central Alabama Inc ($11.8m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $108k (0.9% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $9.6m against liabilities of $2.2m, net assets of $7.4m. It reported 235 employees.