Blessings Foundation Inc

Analysis

Blessings Foundation Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2022, Blessings Foundation Inc reported income of $888k and spending of $650k, leaving 27% of income unspent that year. Across the 4 years on record, from August 2019 to August 2022, income grew from $534k to $888k (+66%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blessings Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Hotel Hope ($887k), 4 13 Strong Inc ($888k) and Ahepa 302 Inc ($887k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (7.5% of expenses). Other salaries and wages came to $145k. At year end it held assets of $499k against liabilities of $1,440, net assets of $497k. It reported 4 employees.