Keeping the Blues Alive Foundation Inc

Analysis

Keeping the Blues Alive Foundation Inc is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Keeping the Blues Alive Foundation Inc reported income of $326k and spending of $238k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $377k to $326k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income dropped by 56%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Keeping the Blues Alive Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include American Volkssport Association Inc ($326k), Spokane Pride ($326k) and Fruit Tree Planting Foundation ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). At year end it held assets of $192k against liabilities of $4,481, net assets of $188k.