Blue Star Salute Foundation Inc

Analysis

Blue Star Salute Foundation Inc is a registered charity in United States, based in Chelsea, AL. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blue Star Salute Foundation Inc reported income of $86k and spending of $56k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $86k (+13%), an average of +13% a year. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blue Star Salute Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AL. Charities of a similar size with the same main cause include PS Foundation for the Arts ($86k), Frank M Hardy Trust Uw ($86k) and NC STEM Academy ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $194k against liabilities of $0, net assets of $194k.