Blossom Charitable Foundation Inc

Analysis

Blossom Charitable Foundation Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Blossom Charitable Foundation Inc reported income of $269k and spending of $334k, spending 124% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $324k to $269k (-17%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blossom Charitable Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include American Indian Institute ($269k), Griffin-Gracy Educational Retreat & Historical Center ($269k) and All 4 Upg ($269k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $84k against liabilities of $133k, net assets of -$49k.