Blare Terrace Corporation

Analysis

Blare Terrace Corporation is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Blare Terrace Corporation reported income of $50k and spending of $37k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $48k to $50k (+3.2%), an average of +3.2% a year. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blare Terrace Corporation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include University Medical Center Candlelighters Inc ($50k), El Paso Credit Union Hoap Inc ($50k) and VLR Foundation ($50k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $126k against liabilities of $109k, net assets of $17k.