Blessing Corporate Services Inc

Analysis

Blessing Corporate Services Inc is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover health care, 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 September 2023, Blessing Corporate Services Inc reported income of $58.6m and spending of $64.6m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $111.6m to $58.6m (-48%), an average of -15% a year. The sharpest change came in the year to September 2023, when income dropped by 56%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blessing Corporate Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Centennial Medical Group Inc ($58.6m), Saginaw Cooperative Hospitals Inc ($58.6m) and Community Health Clinic Inc ($58.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $4.8m (7.4% of expenses). Other salaries and wages came to $26.4m. At year end it held assets of $24.9m against liabilities of $27.1m, net assets of -$2.2m. It reported 621 employees.