Blockchain Charity Foundation USA

Analysis

Blockchain Charity Foundation USA is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2020, 6 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 (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, Blockchain Charity Foundation USA reported income of $1.5m and spending of $10.5m, spending 721% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $7.0m to $1.5m (-79%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blockchain Charity Foundation USA sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 61st percentile within DC. Charities of a similar size with the same main cause include Southwest Organizations Unifying Resources for Our Community & Empl ($1.5m), Regional Community Finance Inc ($1.5m) and Better Business Bureau of Metropolitan Houston Educational F ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $88k (0.8% of expenses). Other salaries and wages came to $80k. At year end it held assets of $13.7m against liabilities of $259k, net assets of $13.4m. It reported 1 employees.