Blossom Sustainable Development

Analysis

Blossom Sustainable Development is a registered charity in United States, based in Southampton, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Blossom Sustainable Development reported income of $367k and spending of $328k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $276k to $367k (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2023, when income rose by 75%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blossom Sustainable Development sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Teamcalifornia Economic Development Corporation ($367k), Friends of Parkside ($367k) and Harco Industries Inc ($366k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $101k (31% of expenses). Other salaries and wages came to $114k. At year end it held assets of $57k against liabilities of $12k, net assets of $45k. It reported 5 employees.