Blessing Way
EIN: 342023221 · Warwick, RI
| Metric | Value |
|---|---|
| Total Expenses | $25K |
| Net Assets | $8K |
Is Blessing Way Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blessing Way
Blessing Way (EIN: 342023221) is a nonprofit organization based in Warwick, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blessing Way's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blessing Way is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -21.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $25K |
| Surplus / Deficit | $-6,604 |
| Total Assets | $9K |
| Total Liabilities | $428 |
| Net Assets | $8K |
| Operating Margin | -35.4% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2018, Blessing Way reported a deficit of $7K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Blessing Way's revenue has declined at a compound annual growth rate (CAGR) of -21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -83.2% | -73.9% | -60.2% |
| 2017 | +34.6% | +5.9% | +97.1% |
| 2016 | -3.0% | -10.4% | -31.3% |
| 2015 | -32.1% | -12.7% | -54.7% |
| 2014 | +6.6% | -7.2% | +28.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blessing Way has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blessing Way with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.9%.
Frequently Asked Questions about Blessing Way
Is Blessing Way a legitimate charity?
Blessing Way (EIN: 342023221) is a registered tax-exempt nonprofit based in Rhode Island. It has 8 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Blessing Way spend its money?
Blessing Way reported its financials in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blessing Way tax-deductible?
Blessing Way is registered as a tax-exempt nonprofit (EIN: 342023221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blessing Way located?
Blessing Way is headquartered in Warwick, Rhode Island and files with the IRS under EIN 342023221.
How many years of IRS 990 filings does Blessing Way have?
Blessing Way has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Blessing Way showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Blessing Way's revenue has declined by 81.6%, moving from $101K to $19K. Total assets decreased by 68.4% over the same period, from $27K to $9K. Total functional expenses fell by 77.8%, from $114K to $25K. In its most recent filing year (2018), Blessing Way reported a deficit of $7K, with expenses exceeding revenue. The organization holds $428 in liabilities against $9K in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $19K | $25K | $9K | $428 | — | View 990 |
| 2017 | $111K | $97K | $22K | $7K | — | — |
| 2016 | $82K | $91K | $11K | $10K | — | View 990 |
| 2015 | $85K | $102K | $16K | $6K | — | View 990 |
| 2014 | $125K | $117K | $36K | $9K | — | View 990 |
| 2013 | $117K | $126K | $28K | $9K | — | View 990 |
| 2012 | $124K | $120K | $29K | $3K | — | View 990 |
| 2011 | $101K | $114K | $27K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $19K, expenses of $25K, and assets of $9K (revenue -83.2% year-over-year).
- 2017: Revenue of $111K, expenses of $97K, and assets of $22K (revenue +34.6% year-over-year).
- 2016: Revenue of $82K, expenses of $91K, and assets of $11K (revenue -3.0% year-over-year).
- 2015: Revenue of $85K, expenses of $102K, and assets of $16K (revenue -32.1% year-over-year).
- 2014: Revenue of $125K, expenses of $117K, and assets of $36K (revenue +6.6% year-over-year).
- 2013: Revenue of $117K, expenses of $126K, and assets of $28K (revenue -5.4% year-over-year).
- 2012: Revenue of $124K, expenses of $120K, and assets of $29K (revenue +22.5% year-over-year).
- 2011: Revenue of $101K, expenses of $114K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blessing Way:
Data Sources and Methodology
This transparency report for Blessing Way 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.