Blankets of Hope

Analysis

Blankets of Hope is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Blankets of Hope reported income of $138k and spending of $112k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $138k (+53%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blankets of Hope sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Caring for the Hills Inc ($138k), Operation Chillout ($138k) and Brockport Ecumenical Food Shelf ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.