Blac Inc

Analysis

Blac Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blac Inc reported income of $436k and spending of $417k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $282k to $436k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blac Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include South Lane Maintenance Corporation ($436k), Faith Works Community Coalition ($436k) and Beech Community Services ($436k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $157k. At year end it held assets of $139k against liabilities of $23k, net assets of $116k. It reported 1 employees.