Blastoff Music Ministries Inc

Analysis

Blastoff Music Ministries Inc is a registered charity in United States, based in Twin Falls, ID. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Blastoff Music Ministries Inc reported income of $89k and spending of $112k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $89k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Blastoff Music Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within ID. Charities of a similar size with the same main cause include Crossgrain Ministries ($89k), Kingdom Discipleship ($89k) and Reason Alliance Ltd ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $79k against liabilities of $1,049, net assets of $78k.