BLS Family Foundation

Analysis

BLS Family Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, BLS Family Foundation reported income of $66k and spending of $414k, spending 623% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $437k to $66k (-85%), an average of -38% a year. The sharpest change came in the year to June 2021, when income rose by 108%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, BLS Family Foundation 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 28th percentile within IL. Charities of a similar size with the same main cause include Community Real Estate and Personal Property Foundation Inc ($66k), Greater LF Community Chest Campaign Mary Haggerty ($66k) and Asbury Park Foundtion Inc ($66k).

At year end it held assets of $2.7m against liabilities of $3,960, net assets of $2.7m.