Black River Area Housing Development Corp for Lawrence Cnty

Analysis

Black River Area Housing Development Corp for Lawrence Cnty is a registered charity in United States, based in Pocahontas, AR. 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 December 2023, Black River Area Housing Development Corp for Lawrence Cnty reported income of $239k and spending of $172k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $239k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Black River Area Housing Development Corp for Lawrence Cnty sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within AR. Charities of a similar size with the same main cause include Surplus Property Roundtable ($238k), Hands Center City Apartments Inc ($239k) and Cha Real Estate Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $10k (5.9% of expenses). Other salaries and wages came to $10k. At year end it held assets of $765k against liabilities of $163k, net assets of $602k.