Blessings Source Ministry

Analysis

Blessings Source Ministry is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Blessings Source Ministry reported income of $68k and spending of $63k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $68k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Blessings Source Ministry sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Resurrection Cycles Inc ($68k), The Christian Ministry Center ($68k) and Jain Senior Group Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,168 against liabilities of $0, net assets of $7,168.