Blessingcare Corporation

Analysis

Blessingcare Corporation is a registered charity in United States, based in Pittsfield, IL. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Blessingcare Corporation reported income of $38.4m and spending of $34.7m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.7m to $38.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blessingcare Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Kings View ($38.4m), Teresian House Nursing Home Co Inc ($38.4m) and Advocate Charitable Foundation ($38.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $714k (2.1% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $45.9m against liabilities of $9.3m, net assets of $36.6m. It reported 270 employees.