Blue Sky Fund

Analysis

Blue Sky Fund is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Blue Sky Fund reported income of $1.3m and spending of $930k, leaving 31% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income grew from $742k to $1.3m (+81%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Blue Sky Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Capital for Kids ($1.3m), Colfax Community Network Inc ($1.3m) and Atascosa County Live Stock Show ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 5.7% of the total. Other salaries and wages came to $624k. At year end it held assets of $1.1m against liabilities of $32k, net assets of $1.0m. It reported 51 employees.