Blue Cross and Blue Shield Foundation on Health Care

Analysis

Blue Cross and Blue Shield Foundation on Health Care is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blue Cross and Blue Shield Foundation on Health Care reported income of $379k and spending of $379k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $379k (+631%), an average of +631% a year. The sharpest change came in the year to December 2023, when income rose by 631%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Blue Cross and Blue Shield Foundation on Health Care sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Progressive Technology Project ($378k), Yeshuas Chaim Inc ($379k) and United Way of Chaves County ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $103k against liabilities of $52k, net assets of $50k.