Blue Federal Credit Union Foundation

Analysis

Blue Federal Credit Union Foundation is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Blue Federal Credit Union Foundation reported income of $295k and spending of $218k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $295k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blue Federal Credit Union Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within WY. Charities of a similar size with the same main cause include I Am Voices Inc ($295k), Made in Hope ($295k) and Centro Latino of Shelbyville Incorporated ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $26k. At year end it held assets of $379k against liabilities of $0, net assets of $379k.