Bluestem Housing Partners NFP

Analysis

Bluestem Housing Partners NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Bluestem Housing Partners NFP reported income of $285k and spending of $393k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $312k to $285k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 400% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bluestem Housing Partners NFP sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Association to Benefit Children HDFC ($285k), Oaklawn Apartments Inc ($285k) and Village at Northgate Housing Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $56k. At year end it held assets of $4.5m against liabilities of $201k, net assets of $4.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.