Blake Holding Corporation

Analysis

Blake Holding Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1996, 30 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 suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Blake Holding Corporation reported income of $1.2m and spending of $885k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $1.2m (-77%), an average of -31% a year. The sharpest change came in the year to June 2021, when income dropped by 67%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blake Holding Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Central Massachusetts Center for Business and Enterprise Inc ($1.2m), 501cpa ($1.2m) and Racine-Kenosha Plumbers & Steam- Fitters Education Fund ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. At year end it held assets of $6.3m against liabilities of $2.0m, net assets of $4.3m.