Blanket Fort Hope

Analysis

Blanket Fort Hope is a registered charity in United States, based in Columbiana, AL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Blanket Fort Hope reported income of $834k and spending of $348k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $202k to $834k (+312%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blanket Fort Hope sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Bethesda Family & Community Development Center Inc ($834k), Uptown Grand Central Corp ($834k) and Parents League of New York Inc ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $106k (30% of expenses). Other salaries and wages came to $101k. At year end it held assets of $1.3m against liabilities of $8,792, net assets of $1.3m. It reported 7 employees.