Black Resources Inc
Black Resources Inc. reports minimal revenue and assets, with no officer compensation in its sole filing.
EIN: 203749850 · Davenport, IA · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $5K |
| Program Spending | 80% |
| Net Assets | $11K |
| Transparency Score | 70/100 |
Is Black Resources Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Black Resources Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Black Resources Inc
Black Resources Inc (EIN: 203749850) is a nonprofit organization based in Davenport, IA, classified under NTEE code A20. The organization reported total revenue of $4K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black Resources Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Black Resources Inc is a micro nonprofit that has been operating for 8 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $5K |
| Surplus / Deficit | +$11K |
| Total Assets | $11K |
| Net Assets | $11K |
| Operating Margin | 70.5% |
| Months of Reserves | 28.6 months |
Financial Health Grade: A
In 2023, Black Resources Inc reported a surplus of $11K with revenue exceeding expenses, holds 28.6 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1278 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Black Resources Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Black Resources Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation in its 2023 filing, which is appropriate given its very small size and limited financial resources.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Black Resources Inc's IRS 990 filings:
- Very limited financial history (only one filing)
- Extremely low assets ($1,164) relative to reported revenue in 2023 ($15,300), suggesting minimal reserves.
Strengths
The following positive indicators were identified for Black Resources Inc:
- No officer compensation reported in 2023 filing, indicating efficient use of funds at the top level.
- No liabilities reported in 2023 filing, suggesting good financial management in its early stages.
Frequently Asked Questions about Black Resources Inc
Is Black Resources Inc a legitimate charity?
Black Resources Inc (EIN: 203749850) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 70/100. Total revenue: $4K. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Black Resources Inc spend its money?
Black Resources Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Black Resources Inc tax-deductible?
Black Resources Inc is registered as a tax-exempt nonprofit (EIN: 203749850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Black Resources Inc's spending goes to programs?
Black Resources Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Black Resources Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Black Resources Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Black Resources Inc located?
Black Resources Inc is headquartered in Davenport, Iowa and files with the IRS under EIN 203749850. It is classified under NTEE code A20.
Is Black Resources Inc. financially stable?
With only one filing showing $15,300 in revenue and $4,521 in expenses for 2023, and current assets of $1,164, the organization is very small and its long-term financial stability cannot be definitively assessed. It appears to be operating on a very lean budget.
What is the primary use of Black Resources Inc.'s funds?
Based on the limited data, and assuming a typical small nonprofit structure, the majority of funds would likely be directed towards program activities, especially given the 0% officer compensation reported.
Filing History
IRS 990 filing history for Black Resources Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Black Resources Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $5K | $11K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Black Resources Inc:
Data Sources and Methodology
This transparency report for Black Resources Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.