Blessing Box Resale Store Inc

Analysis

Blessing Box Resale Store Inc is a registered charity in United States, based in Bells, TX. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Blessing Box Resale Store Inc reported income of $288k and spending of $270k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $227k to $288k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blessing Box Resale Store Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Peninsula Alliance ($288k), Carson County Jr Livestock Show Association ($288k) and Entrepreneurship Foundation ($288k).

Compensation of current officers, directors and key employees was $1,850 (0.7% of expenses). Other salaries and wages came to $104k. At year end it held assets of $123k against liabilities of $0, net assets of $123k. It reported 11 employees.