Black Silo Foundation

Analysis

Black Silo Foundation is a registered charity in United States, based in Trenton, MO. It received its IRS tax-exemption ruling in July 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Black Silo Foundation reported income of $452k and spending of $427k, spending 94% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $285k to $452k (+59%), an average of +26% a year. The sharpest change came in the year to September 2022, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Black Silo Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within MO. Charities of a similar size with the same main cause include Starting Over for Success S O S ($452k), Lockport Locks Heritage District Corporation ($453k) and Greater Trenton Inc ($452k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 89% of the total. At year end it held assets of -$538 against liabilities of $85k, net assets of -$86k.