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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Blessing Hands Inc (EIN: 204794276) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Blessing Hands Inc spend its money?
Blessing Hands Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.