The Katie Blessing Foundation EIN 87-2775360 Form 990 (PDF) Claim this org

The Katie Blessing Foundation

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Empowers underserved communities with family care, health services, and resources for self-sufficiency. For fiscal year 2024 it reported $5.6M in revenue, $854K in expenses, and $7.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Charlotte, NC
Website
blessingfoundation.net
Filings
3 on file (2022–2024)
Revenue
$5.6MFY2024
Expenses
$854K
Net assets
$7.2M
People
12
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-2775360 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF)
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Figures match the IRS filing checked 8/21/26 · see original: IRS
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Size
$1–10M
What they do
Empowers underserved communities with family care, health services, and resources for self-sufficiency.
Leadership
Amber Tracewell · Executive Di · $125K
Money in and out
$5.6M revenue, $854K expenses
Bottom line
61% program efficiency
Where the money goes · FY2024
Total revenue
$5.6M
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$7.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.7M
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.20 Fundraising $0.19
Program efficiency
61%
of spending reaches programs▼ -30% vs prior filing year
Operating runway
81.6mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
+85%
revenue over expenses, this year▲ +24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$5.6M
FY2024▲ +92%
Expenses
$854K
FY2024▼ -7%
Total assets
$7.2M
FY2024▲ +157%
Total liabilities
$17K
FY2024▼ -95%
Total revenue
$5.6M
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$7.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.7M
Total assetsPt X · Ln 16$7.2M
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Katie Blessing Foundation
EINHdr · item D87-2775360
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jblessingfoundation.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E32)
Ruling yearIRS BMFOct 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$125,000Pt VII · Sec A
$0Pt VII · Sec A
Director/Cha
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Sec
$0Pt VII · Sec A
$0Pt VII · Sec A

Amber Tracewell’s $125K as Executive Di is at the 39th percentile of top reported officer pay among 3116 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Amber Tracewell$125,000$62,654

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $521K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides equitable access to primary and urgent care

$521Kprogram expense
02

The organization identifies and fills service gaps within the healthcare system that have been historically neglected throughout underserved communities, including mental health.

Pt IX · col B
03

The organization establishes centers in accessible, contextual target locations that provide a wide array of services from education to counseling, food and nutrition guidance.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$5.4M · 98%
Investment income$122K · 2%
Contributions & grants98%$5.4M
Investment income2%$122K
Other revenue$1K
— government grantsLn 1e$5.1M
Total revenueLn 12$5.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.20 Fundraising $0.19
Program services61%$521K
Management & general20%$173K
Fundraising19%$159K
Total functional expensesLn 25$854K

Balance Sheet

Part X · end of year
CashLn 1$2.9M
Total assetsLn 16$7.2M
Total liabilitiesLn 26$17K
Total net assetsLn 32$7.2M
Months of cash on handcomputed40.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.8M · Operating expenses/yr $854K
81.6 months
Where the money goes
Program services
Program services $521K · Total expenses $854K
61%
Management & General
Management & general $173K · Total expenses $854K
20%
Fundraising
Fundraising $159K · Total expenses $854K
19%
Cost to raise $1
Fundraising expense (3-yr avg) $61K · Solicited contributions (3-yr avg) $1.1M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.4M · Total revenue $5.6M
98%
Government reliance
Government grants $5.1M · Total revenue $5.6M
91%
Earned-income share
Program service revenue $0 · Total revenue $5.6M
0%
Investment reliance
Investment income $122K · Total revenue $5.6M
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $854K
0%
Growth & trend
Revenue growth (YoY)
This year $5.6M · Prior year $2.9M
+92%
Net-asset trend (YoY)
End of year $7.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.6M · Expenses $854K
+85%
Liabilities-to-Assets
Total liabilities — · Total assets $7.2M
Net-asset ratio
Net assets $7.2M · Total assets $7.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.2M
41%
People & payroll
Highest Reported Total Compensation
Individual Amber Tracewell · Reported title EXECUTIVE DI · Highest reported compensation $125K · Total expenses $854K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $531K · Total expenses $854K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 20%
Fundraising cost ratio 3%
Revenue growth 92%
Legal fee ratio 4%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$272K
Grants paid · 5 grants · $116K · 2022–2024
Nc Med AssistNC · FY2024$7,500
A Kid Again Central CarolinasFY2023$50,000
Unitemized GrantFY2022$35,000
Unitemized GrantFY2022$18,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$5.6M revenue · viewing · ⤓ 990 PDF
FY2023$2.9M revenue · ⤓ 990 PDF
FY2022$535K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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