Blessing Hands Inc
Blessing Hands Inc shows consistent revenue growth and zero executive compensation, but experienced deficit spending in 2021-2022.
EIN: 204794276 · Morehead, KY · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $297K |
| Total Expenses | $165K |
| Program Spending | 90% |
| Net Assets | $95K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Blessing Hands Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Blessing Hands Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Blessing Hands Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $214K and expenses of $165K.
Revenue and Expenses
Blessing Hands Inc reported $214K in revenue and $165K in expenses, a surplus of $48K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Blessing Hands Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $149K (90%) |
Across stored filings, Blessing Hands Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Carriage Museum Of America | Kentucky and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Morehead, KY nonprofitsEducation in Kentucky
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Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Blessing Hands Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blessing Hands Inc
Blessing Hands Inc (EIN: 204794276) is a nonprofit organization based in Morehead, KY, classified under NTEE code B82. The organization reported total revenue of $297K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blessing Hands Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blessing Hands Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $165K |
| Surplus / Deficit | +$48K |
| Total Assets | $179K |
| Total Liabilities | $84K |
| Net Assets | $95K |
| Operating Margin | 22.6% |
| Debt-to-Asset Ratio | 46.8% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2024, Blessing Hands Inc reported a surplus of $48K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 46.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Blessing Hands Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.4% | +3.6% | +96.7% |
| 2023 | +14.2% | -33.9% | +44.8% |
| 2022 | +61.1% | -0.3% | -45.0% |
| 2021 | -49.0% | +59.1% | -51.9% |
| 2020 | -3.0% | -22.5% | +36.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blessing Hands Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Blessing Hands Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.8%.
Executive Compensation Analysis
Blessing Hands Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Blessing Hands Inc's IRS 990 filings:
- Periods of significant deficit spending (e.g., 2021 and 2022 where expenses exceeded revenue by over $100,000 in 2021).
- Increase in liabilities from $0 in 2019 to $83,716 in 2024 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Blessing Hands Inc:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission spending.
- Consistent revenue growth in recent years, from $110,103 in 2021 to $213,536 in 2024.
- Significant growth in net assets, from $45,173 in 2015 to $178,763 in 2024, providing a solid financial foundation.
- Clear program focus as a Food Bank & Pantry (NTEE B82).
Frequently Asked Questions about Blessing Hands Inc
Is Blessing Hands Inc a legitimate charity?
Blessing Hands Inc (EIN: 204794276) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $297K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Blessing Hands Inc spend its money?
Blessing Hands Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Blessing Hands Inc tax-deductible?
Blessing Hands Inc is registered as a tax-exempt nonprofit (EIN: 204794276). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Blessing Hands Inc's spending goes to programs?
Blessing Hands Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blessing Hands Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Blessing Hands Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blessing Hands Inc located?
Blessing Hands Inc is headquartered in Morehead, Kentucky and files with the IRS under EIN 204794276. It is classified under NTEE code B82.
How many years of IRS 990 filings does Blessing Hands Inc have?
Blessing Hands Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $297K in total revenue.
Is Blessing Hands Inc financially stable?
Yes, Blessing Hands Inc appears financially stable, with growing assets ($178,763 in 2024) and consistent revenue. However, periods of deficit spending in 2021 and 2022, and an increase in liabilities to $83,716 in 2024, suggest a need for careful management of expenses and debt.
How does Blessing Hands Inc manage executive compensation?
Blessing Hands Inc reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers, which is a strong indicator of efficient resource allocation towards its mission.
What caused the significant increase in liabilities in recent years?
The liabilities increased from $0 in 2019 to $83,716 in 2024. Without further detail from the full 990 forms, the specific causes are unclear, but it warrants investigation to understand if it's related to program expansion, capital expenditures, or other operational debts.
Did Blessing Hands Inc operate at a deficit in any recent years?
Yes, Blessing Hands Inc operated at a deficit in 2021 (expenses $242,200 vs. revenue $110,103) and 2022 (expenses $241,491 vs. revenue $177,354), indicating that expenses exceeded revenue during those periods.
Filing History
IRS 990 filing history for Blessing Hands Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Blessing Hands Inc's revenue has grown by 157.8%, moving from $83K to $214K. Total assets increased by 382.1% over the same period, from $37K to $179K. Total functional expenses rose by 105.9%, from $80K to $165K. In its most recent filing year (2024), Blessing Hands Inc reported a surplus of $48K, with revenue exceeding expenses. The organization holds $84K in liabilities against $179K in assets (debt-to-asset ratio: 46.8%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $214K | $165K | $179K | $84K | — | — |
| 2023 | $203K | $160K | $91K | $38K | — | View 990 |
| 2022 | $177K | $241K | $63K | $13K | — | View 990 |
| 2021 | $110K | $242K | $114K | $316 | — | View 990 |
| 2020 | $216K | $152K | $237K | $318 | — | View 990 |
| 2019 | $222K | $196K | $173K | $0 | — | View 990 |
| 2018 | $220K | $176K | $147K | $0 | — | View 990 |
| 2017 | $185K | $136K | $103K | $0 | — | View 990 |
| 2016 | $131K | $121K | $52K | $0 | — | View 990 |
| 2015 | $132K | $125K | $45K | $0 | — | View 990 |
| 2014 | $121K | $130K | $41K | $0 | — | View 990 |
| 2013 | $101K | $100K | $49K | $0 | — | View 990 |
| 2012 | $83K | $80K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $214K, expenses of $165K, and assets of $179K (revenue +5.4% year-over-year).
- 2023: Revenue of $203K, expenses of $160K, and assets of $91K (revenue +14.2% year-over-year).
- 2022: Revenue of $177K, expenses of $241K, and assets of $63K (revenue +61.1% year-over-year).
- 2021: Revenue of $110K, expenses of $242K, and assets of $114K (revenue -49.0% year-over-year).
- 2020: Revenue of $216K, expenses of $152K, and assets of $237K (revenue -3.0% year-over-year).
- 2019: Revenue of $222K, expenses of $196K, and assets of $173K (revenue +1.0% year-over-year).
- 2018: Revenue of $220K, expenses of $176K, and assets of $147K (revenue +19.2% year-over-year).
- 2017: Revenue of $185K, expenses of $136K, and assets of $103K (revenue +41.1% year-over-year).
- 2016: Revenue of $131K, expenses of $121K, and assets of $52K (revenue -0.6% year-over-year).
- 2015: Revenue of $132K, expenses of $125K, and assets of $45K (revenue +8.3% year-over-year).
- 2014: Revenue of $121K, expenses of $130K, and assets of $41K (revenue +20.8% year-over-year).
- 2013: Revenue of $101K, expenses of $100K, and assets of $49K (revenue +21.4% year-over-year).
- 2012: Revenue of $83K, expenses of $80K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blessing Hands Inc:
Data Sources and Methodology
This transparency report for Blessing Hands Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.