Blue River Churubusco Inc

Analysis

Blue River Churubusco Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 2009, 17 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, Blue River Churubusco Inc reported income of $191k and spending of $227k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $191k (+35%), an average of +7.8% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blue River Churubusco Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Freeman Apartments Inc ($191k), Transact Hope ($191k) and Notre Dame Living Center Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. At year end it held assets of $1.6m against liabilities of $27k, net assets of $1.6m.

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.