Blue Engine Inc

Analysis

Blue Engine Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Blue Engine Inc reported income of $2.6m and spending of $3.8m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $2.6m (-39%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blue Engine Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Covenant Christian Academy of Houma Louisiana ($2.6m), Redwood Cooperative School ($2.6m) and Allen County Public Library Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $234k (6.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.6m against liabilities of $168k, net assets of $1.4m. It reported 24 employees.