Blessing Bags Project Inc

Analysis

Blessing Bags Project Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in July 2016, 10 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 2022, Blessing Bags Project Inc reported income of $239k and spending of $198k, spending 83% of its income. Across the 5 years on record, from December 2017 to December 2022, income grew from $29k to $239k (+724%), an average of +69% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blessing Bags Project Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Chidamoyo Christian Hospital Inc ($239k), South Plains Electric Trust ($239k) and The Comfort Home Mi ($239k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $16k, net assets of $101k.