Blackshear Neighborhood Development Corporation

Analysis

Blackshear Neighborhood Development Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 September 2023, Blackshear Neighborhood Development Corporation reported income of $316k and spending of $336k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $133k to $316k (+138%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 171%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blackshear Neighborhood Development Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include World Community ($316k), Roughrider Scholarship Foundation ($316k) and Sarasota-Manatee Association for Riding Therapy Inc ($316k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $63k. At year end it held assets of $2.2m against liabilities of $684k, net assets of $1.5m.