Blue Water Residential Nonprofit Housing Corporation

Analysis

Blue Water Residential Nonprofit Housing Corporation is a registered charity in United States, based in St Clair, MI. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Blue Water Residential Nonprofit Housing Corporation reported income of $79k and spending of $64k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $91k to $79k (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2020, when income dropped by 34%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blue Water Residential Nonprofit Housing Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Fundacion Alas de Angel ($79k), Annies Way Just Because Ministries of Hope ($79k) and Edview Corporation ($79k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.9% and program service revenue 84% of the total. At year end it held assets of $670k against liabilities of $596k, net assets of $75k.