Bladens Bloomin Agri-Industrial Inc

Analysis

Bladens Bloomin Agri-Industrial Inc is a registered charity in United States, based in Elizabethtown, NC. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, Bladens Bloomin Agri-Industrial Inc reported income of $6.8m and spending of $1.0m, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $973k to $6.8m (+594%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 356%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bladens Bloomin Agri-Industrial Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Codman Square Neighborhood Development Corporation ($6.7m), The Capital Good Fund ($6.8m) and Bi-County Services Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Other salaries and wages came to $187k. At year end it held assets of $18.9m against liabilities of $5.9m, net assets of $13.0m. It reported 9 employees.