Blankets Of Hope
- Assets
- $32.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, PA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 45-3961743
Organization Overview
Blankets Of Hope is located in Reading, PA. The organization was established in 2014. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blankets Of Hope is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Blankets Of Hope generated $137.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $111.5k during the year ending 12/2023. While expenses have increased by 16.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDING BLANKETS AND BEDS TO THOSE IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc J Goldstein President | 20 | $0 | |
George Reinoehl Jr Treasurer | 5 | $0 | |
Michael Dautrich Secretary | 5 | $0 | |
Randy Boyer Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,581 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $50,090 |
| Other Revenue | $0 |
| Total Revenue | $137,671 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $111,330 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $201 |
| Total expenses | $111,531 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,601 |
| Other assets | $0 |
| Total assets | $32,351 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,351 |