Blue Star Recyclers

Analysis

Blue Star Recyclers is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 2011, 15 years ago. 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 Star Recyclers reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-5.7%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blue Star Recyclers sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include New Mexico Black Leadership Council ($1.3m), Fullerton Aquatics Sports Team Inc ($1.3m) and MSGR Joseph F Stedman Residence Housing Development Fund Corporati ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 128% of the total. Compensation of current officers, directors and key employees was $243k (18% of expenses). Other salaries and wages came to $67k. At year end it held assets of $1.4m against liabilities of $979k, net assets of $469k. It reported 60 employees.

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.