Blues Heaven Foundation Inc

Analysis

Blues Heaven Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2023, 3 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, Blues Heaven Foundation Inc reported income of $101k and spending of $64k, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $46k to $101k (+118%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 495%. Over the whole period it spent 149% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blues Heaven Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Delphos Saint Johns Band Boosters ($101k), Friends of the Cemetery-Medina Ohio ($101k) and Jaquel Knight Foundation ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.8% of the total. At year end it held assets of $643k against liabilities of $0, net assets of $643k.