Blazing Wisdom Institute

Analysis

Blazing Wisdom Institute is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2004, 22 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, Blazing Wisdom Institute reported income of $72k and spending of $80k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $307k to $72k (-77%), an average of -77% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 45% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Blazing Wisdom Institute sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Steve Roll Restoration Ministries Inc ($72k), Emerging Sound ($72k) and Cao-Dai of Texas ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 28% of the total. At year end it held assets of $662k against liabilities of $0, net assets of $662k.