BLCK Street

Analysis

BLCK Street is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 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, BLCK Street reported income of $438k and spending of $625k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $814k to $438k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, BLCK Street 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 VA. Charities of a similar size with the same main cause include Roslyn Downtown Association ($437k), Carteret County Domestic Violence Program Inc ($438k) and Troyredevelopment Foundation Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $113k (18% of expenses). Other salaries and wages came to $136k. At year end it held assets of $314k against liabilities of $3,124, net assets of $311k. It reported 4 employees.