Henry M Blackmer Foundation Inc
Henry M Blackmer Foundation consistently distributes funds from its endowment, operating with no officer compensation.
EIN: 136097357 · Charleston, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $829K |
| Total Expenses | $171K |
| Program Spending | 90% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Henry M Blackmer Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henry M Blackmer Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry M Blackmer Foundation Inc
Henry M Blackmer Foundation Inc (EIN: 136097357) is a nonprofit organization based in Charleston, SC. The organization reported total revenue of $829K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry M Blackmer Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry M Blackmer Foundation Inc is a small nonprofit that has been operating for 72 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $141K |
| Total Expenses | $171K |
| Surplus / Deficit | $-29,654 |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | -21.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 160.2 months |
Financial Health Grade: B
In 2023, Henry M Blackmer Foundation Inc reported a deficit of $30K with expenses exceeding revenue, holds 160.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Henry M Blackmer Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.1% | -8.0% | -1.3% |
| 2022 | -54.7% | +3.7% | -3.8% |
| 2021 | +50.5% | -4.8% | +1.3% |
| 2020 | -31.9% | -4.9% | -2.0% |
| 2019 | +45.3% | +79.0% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
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 Henry M Blackmer Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Henry M Blackmer Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation operates without paid officers, which is highly efficient for a grant-making entity 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 Henry M Blackmer Foundation Inc's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 2023, 2022, 2020), leading to a gradual draw-down of assets.
Strengths
The following positive indicators were identified for Henry M Blackmer Foundation Inc:
- Zero officer compensation across all reported periods, indicating highly efficient leadership.
- Substantial and stable asset base of over $2.2 million, providing long-term financial stability.
- Very low liabilities ($0 or $1), indicating minimal financial risk.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Henry M Blackmer Foundation Inc
Is Henry M Blackmer Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry M Blackmer Foundation Inc (EIN: 136097357) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Henry M Blackmer Foundation Inc spend its money?
Henry M Blackmer Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Henry M Blackmer Foundation Inc tax-deductible?
Henry M Blackmer Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136097357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Henry M Blackmer Foundation Inc located?
Henry M Blackmer Foundation Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 136097357.
How many years of IRS 990 filings does Henry M Blackmer Foundation Inc have?
Henry M Blackmer Foundation Inc has 10 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 $829K in total revenue.
What specific programs or organizations does the Henry M Blackmer Foundation Inc. support?
The provided data does not specify the beneficiaries or types of programs supported by the foundation. Further investigation into their 990-PF filings (if applicable) or website would be necessary.
How does the foundation manage its endowment to sustain its giving over time?
While the foundation's assets have slightly decreased over the past decade, the consistent asset base of over $2.2 million suggests active management, though specific investment strategies are not detailed in this summary.
What are the primary expense categories for the foundation, given the absence of officer compensation?
Without detailed expense breakdowns, it's likely that expenses primarily cover investment management fees, legal/accounting services, and direct grants or distributions, as officer compensation is zero.
Filing History
IRS 990 filing history for Henry M Blackmer Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Henry M Blackmer Foundation Inc's revenue has grown by 41.6%, moving from $100K to $141K. Total assets decreased by 3.3% over the same period, from $2.4M to $2.3M. Total functional expenses rose by 32.5%, from $129K to $171K. In its most recent filing year (2023), Henry M Blackmer Foundation Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $141K | $171K | $2.3M | $1 | — | View 990 |
| 2022 | $95K | $186K | $2.3M | $1 | — | View 990 |
| 2021 | $209K | $179K | $2.4M | $1 | — | — |
| 2020 | $139K | $188K | $2.4M | $1 | — | — |
| 2019 | $203K | $198K | $2.4M | $1 | — | View 990 |
| 2015 | $140K | $110K | $2.5M | $1 | — | View 990 |
| 2014 | $173K | $118K | $2.5M | $0 | — | View 990 |
| 2013 | $178K | $113K | $2.4M | $0 | — | View 990 |
| 2012 | $106K | $107K | $2.4M | $0 | — | View 990 |
| 2011 | $100K | $129K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $141K, expenses of $171K, and assets of $2.3M (revenue +49.1% year-over-year).
- 2022: Revenue of $95K, expenses of $186K, and assets of $2.3M (revenue -54.7% year-over-year).
- 2021: Revenue of $209K, expenses of $179K, and assets of $2.4M (revenue +50.5% year-over-year).
- 2020: Revenue of $139K, expenses of $188K, and assets of $2.4M (revenue -31.9% year-over-year).
- 2019: Revenue of $203K, expenses of $198K, and assets of $2.4M (revenue +45.3% year-over-year).
- 2015: Revenue of $140K, expenses of $110K, and assets of $2.5M (revenue -19.0% year-over-year).
- 2014: Revenue of $173K, expenses of $118K, and assets of $2.5M (revenue -2.8% year-over-year).
- 2013: Revenue of $178K, expenses of $113K, and assets of $2.4M (revenue +68.1% year-over-year).
- 2012: Revenue of $106K, expenses of $107K, and assets of $2.4M (revenue +6.3% year-over-year).
- 2011: Revenue of $100K, expenses of $129K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry M Blackmer Foundation Inc:
Data Sources and Methodology
This transparency report for Henry M Blackmer Foundation 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.