The Katie Blessing Foundation

Analysis

The Katie Blessing Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 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 2023, The Katie Blessing Foundation reported income of $2.9m and spending of $915k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $535k to $2.9m (+441%), an average of +441% a year. The sharpest change came in the year to December 2023, when income rose by 441%. Over the whole period it spent 29% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Katie Blessing Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include National Institute for the Psychotherapies Training Institute ($2.9m), Cerebral Palsy Alliance Research Foundation ($2.9m) and Che Center for Health Empowerment ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $63k (6.8% of expenses). Other salaries and wages came to $339k. At year end it held assets of $2.8m against liabilities of $353k, net assets of $2.4m. It reported 8 employees.