Blanket Coverage

Analysis

Blanket Coverage is a registered charity in United States, based in Stevenson, WA. It received its IRS tax-exemption ruling in May 1997, 29 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, Blanket Coverage reported income of $262k and spending of $289k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $262k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blanket Coverage sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Kennys Place of Marion County Inc ($262k), Moving for Life Inc ($262k) and Somos Familia ($262k).

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 $160k (55% of expenses). At year end it held assets of $71k against liabilities of $0, net assets of $71k.