Blessed in Tech Ministries Incorporated

Analysis

Blessed in Tech Ministries Incorporated is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Blessed in Tech Ministries Incorporated reported income of $143k and spending of $228k, spending 159% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income fell from $356k to $143k (-60%), an average of -60% a year. The sharpest change came in the year to December 2021, when income dropped by 60%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blessed in Tech Ministries Incorporated sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Leadership Pasco Inc ($143k), Indiana Onsite Wastewater Professionals Association Inc ($143k) and New Jersey Allergy Asthma and Immunology Society Inc ($143k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $38k. At year end it held assets of $2,590 against liabilities of $0, net assets of $2,590. It reported 2 employees.