Blue Cap Foundation Inc

Analysis

Blue Cap Foundation Inc is a registered charity in United States, based in Blue Island, IL. It received its IRS tax-exemption ruling in May 2003, 23 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 June 2023, Blue Cap Foundation Inc reported income of $86k and spending of $45k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $78k to $86k (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 179%. 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 Cap Foundation Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include 42 Foundation ($86k), Healing Transitions Endowment Inc ($86k) and Wishes in the Wild Inc ($86k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% of the total. At year end it held assets of $1.4m against liabilities of $279, net assets of $1.4m.