Blake Annex Inc

Analysis

Blake Annex Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 2022, 4 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 June 2023, Blake Annex Inc reported income of $580k and spending of $921k, spending 159% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $376k to $580k (+54%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blake Annex Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Southeast Keller Corporation ($579k), Coalition of Community Development Financial Institutions Inc ($580k) and Downtown Danville Association ($579k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $3.9m against liabilities of $4.2m, net assets of -$310k.