Black River Area Housing Development Corporation for Clay C

Analysis

Black River Area Housing Development Corporation for Clay C 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 Corporation for Clay C reported income of $233k and spending of $169k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $233k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 84% 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 Corporation for Clay C 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 58th percentile within AR. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($233k), THS Emergency Shelter Inc ($233k) and Sioux Empire Housing Partnership Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $10k (6.0% of expenses). Other salaries and wages came to $9,947. At year end it held assets of $531k against liabilities of $182k, net assets of $349k.