Operation Blankets of Love

Analysis

Operation Blankets of Love is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Operation Blankets of Love reported income of $1.6m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $954k to $1.6m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Operation Blankets of Love sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Auburn Public Library ($1.6m), Itnamerica ($1.6m) and Tep Charter School Assistance Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $225k (14% of expenses). Other salaries and wages came to $35k. At year end it held assets of $4.6m against liabilities of $4,954, net assets of $4.6m. It reported 3 employees.