Bless Foundation

Analysis

Bless Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2017, 9 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 March 2024, Bless Foundation reported income of $2.1m and spending of $1.7m, leaving 21% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $892k to $2.1m (+141%), an average of +19% a year. The sharpest change came in the year to March 2022, when income rose by 198%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bless Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Boys & Girls Clubs of Greater Scottsdale Foundation ($2.1m), Project Ezrah Needs Inc ($2.1m) and Grow ($2.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 105% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.