Blistersmith Inc
Blistersmith Inc. consistently spends more than it earns, operating at a deficit in 8 of the last 10 years, despite having no executive compensation.
EIN: 205841757 · Bucyrus, KS · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6K |
| Total Expenses | $7K |
| Program Spending | 85% |
| Net Assets | $89K |
| Transparency Score | 70/100 |
Is Blistersmith Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blistersmith Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blistersmith Inc
Blistersmith Inc (EIN: 205841757) is a nonprofit organization based in Bucyrus, KS, classified under NTEE code P50. The organization reported total revenue of $6K and total assets of $76K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blistersmith Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blistersmith Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $7K |
| Surplus / Deficit | $-77 |
| Total Assets | $89K |
| Net Assets | $89K |
| Operating Margin | -1.1% |
| Months of Reserves | 156.0 months |
Financial Health Grade: B
In 2023, Blistersmith Inc reported a deficit of $77 with expenses exceeding revenue, holds 156.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Blistersmith Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.8% | -49.8% | -0.3% |
| 2022 | +60.4% | -1.0% | +4.6% |
| 2021 | -10.5% | +20.7% | -2.6% |
| 2020 | +29.1% | -34.1% | +1.1% |
| 2019 | +39.3% | +31.3% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Blistersmith Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Blistersmith Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77, with expenses exceeding revenue.
Executive Compensation Analysis
Blistersmith Inc. reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for donor trust and efficient use of funds.
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 Blistersmith Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 8 out of 10 years)
- Highly volatile annual revenue, making financial planning challenging
Strengths
The following positive indicators were identified for Blistersmith Inc:
- Zero executive compensation reported across all filings, indicating efficient use of funds
- Consistent maintenance of assets despite operational deficits, suggesting reserves
- Zero liabilities reported, indicating a debt-free financial position
- Consistent IRS 990 filing history, demonstrating transparency and compliance
Frequently Asked Questions about Blistersmith Inc
Is Blistersmith Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Blistersmith Inc (EIN: 205841757) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Blistersmith Inc spend its money?
Blistersmith Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Blistersmith Inc tax-deductible?
Blistersmith Inc is registered as a tax-exempt nonprofit (EIN: 205841757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Blistersmith Inc's spending goes to programs?
Blistersmith Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blistersmith Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Blistersmith Inc is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blistersmith Inc located?
Blistersmith Inc is headquartered in Bucyrus, Kansas and files with the IRS under EIN 205841757. It is classified under NTEE code P50.
How many years of IRS 990 filings does Blistersmith Inc have?
Blistersmith 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 $6K in total revenue.
Is Blistersmith Inc. financially stable given its recurring deficits?
While Blistersmith Inc. has operated at a deficit in 8 of the last 10 years, including 2023 where expenses ($6,850) exceeded revenue ($6,773), its consistent asset base (e.g., $89,071 in 2023) and zero liabilities suggest it has reserves to cover these shortfalls. However, sustained deficits could erode these assets over time.
How does Blistersmith Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation indicates that the organization likely relies on volunteer leadership or has a very lean operational model where key roles are not compensated through salaries, which is a strong positive for resource allocation.
What is the trend in Blistersmith Inc.'s revenue?
Blistersmith Inc.'s revenue has been highly volatile, peaking at $44,396 in 2014 and dropping to $5,801 in 2016, then fluctuating around the $6,000-$17,000 range in recent years, with $6,773 reported in 2023. There is no clear upward or downward trend, but rather significant year-to-year variability.
Filing History
IRS 990 filing history for Blistersmith Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blistersmith Inc's revenue has declined by 32.8%, moving from $10K to $7K. Total assets increased by 27% over the same period, from $70K to $89K. Total functional expenses fell by 12.3%, from $8K to $7K. In its most recent filing year (2023), Blistersmith Inc reported a deficit of $77, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $7K | $89K | $0 | — | View 990 |
| 2022 | $18K | $14K | $89K | $0 | — | View 990 |
| 2021 | $11K | $14K | $85K | $0 | — | View 990 |
| 2020 | $12K | $11K | $88K | $0 | — | — |
| 2019 | $10K | $17K | $87K | $0 | — | View 990 |
| 2018 | $7K | $13K | $93K | $0 | — | View 990 |
| 2017 | $15K | $14K | $100K | $0 | — | View 990 |
| 2016 | $6K | $17K | $99K | $0 | — | View 990 |
| 2015 | $13K | $41K | $110K | $0 | — | View 990 |
| 2014 | $44K | $7K | $137K | $0 | — | View 990 |
| 2013 | $32K | $4K | $100K | $0 | — | View 990 |
| 2012 | $9K | $7K | $72K | $0 | — | View 990 |
| 2011 | $10K | $8K | $70K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $7K, and assets of $89K (revenue -61.8% year-over-year).
- 2022: Revenue of $18K, expenses of $14K, and assets of $89K (revenue +60.4% year-over-year).
- 2021: Revenue of $11K, expenses of $14K, and assets of $85K (revenue -10.5% year-over-year).
- 2020: Revenue of $12K, expenses of $11K, and assets of $88K (revenue +29.1% year-over-year).
- 2019: Revenue of $10K, expenses of $17K, and assets of $87K (revenue +39.3% year-over-year).
- 2018: Revenue of $7K, expenses of $13K, and assets of $93K (revenue -54.7% year-over-year).
- 2017: Revenue of $15K, expenses of $14K, and assets of $100K (revenue +161.7% year-over-year).
- 2016: Revenue of $6K, expenses of $17K, and assets of $99K (revenue -55.8% year-over-year).
- 2015: Revenue of $13K, expenses of $41K, and assets of $110K (revenue -70.4% year-over-year).
- 2014: Revenue of $44K, expenses of $7K, and assets of $137K (revenue +38.4% year-over-year).
- 2013: Revenue of $32K, expenses of $4K, and assets of $100K (revenue +254.5% year-over-year).
- 2012: Revenue of $9K, expenses of $7K, and assets of $72K (revenue -10.2% year-over-year).
- 2011: Revenue of $10K, expenses of $8K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blistersmith Inc:
Data Sources and Methodology
This transparency report for Blistersmith 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.