Blackcat Foundation Inc

Analysis

Blackcat Foundation Inc is a registered charity in United States, based in Prestonsburg, KY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Blackcat Foundation Inc reported income of $71k and spending of $43k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17k to $71k (+308%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 373%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blackcat Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include Rise Scholastic Achievement ($71k), Parent Booster USA Inc ($71k) and Marriotts Ridge High School Music Foundation Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.