HP Blast Corp

Analysis

HP Blast Corp is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, HP Blast Corp reported income of $66k and spending of $68k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $51k to $66k (+29%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 1347%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, HP Blast Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Rotary International ($66k), Purple & Gray Foundation Inc ($66k) and Benton County Catholic School Educational Trust ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 148% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.