Blum Family Foundation

Analysis

Blum Family Foundation is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Blum Family Foundation reported income of $85k and spending of $56k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $47k to $85k (+82%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blum Family Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include Nami Tulare County ($85k), Autism Family Network of Lincoln Nebraska ($85k) and Korean Medical Pracitioner Assoc of Greater New York Inc ($85k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.