Blacquity SC

Analysis

Blacquity SC is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in March 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 (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, Blacquity SC reported income of $188k and spending of $130k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $188k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blacquity SC sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include Brunswick Sheriffs Charitable Foundation Inc ($188k), Rising Hope for Change Inc ($188k) and Harmony Villa Inc ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.5% of the total. At year end it held assets of $88k against liabilities of $326, net assets of $88k.