Bless Asia Network

Analysis

Bless Asia Network is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bless Asia Network reported income of $298k and spending of $260k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $298k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bless Asia Network sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include BF Bboy Ministries ($298k), Society of St Vincent de Paul ($298k) and African Leadership Development ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (6.3% of expenses). At year end it held assets of $164k against liabilities of $44k, net assets of $120k.