My Very Own Blanket Project

Analysis

My Very Own Blanket Project is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, My Very Own Blanket Project reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.6m (+90%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Very Own Blanket Project sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Rose Centers for Aging Well LLC ($2.6m), Evolve Adoption & Family Services ($2.6m) and Family Sharing of Ozaukee Co Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (3.3% of expenses). Other salaries and wages came to $31k. At year end it held assets of $397k against liabilities of $4,101, net assets of $393k. It reported 4 employees.