Bluebonnet Gardens

Analysis

Bluebonnet Gardens is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bluebonnet Gardens reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15k to $2.8m (+19050%), an average of +272% a year. The sharpest change came in the year to September 2021, when income rose by 717%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bluebonnet Gardens sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Castle Manor ($2.8m), Jctod Outreach Inc ($2.8m) and Southwest Florida Affordablehousing Choice Foundation Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $220k. At year end it held assets of $1.9m against liabilities of $21k, net assets of $1.9m.