Blue Demon Club Inc

Analysis

Blue Demon Club Inc is a registered charity in United States, based in Granite Falls, NC. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Blue Demon Club Inc reported income of $84k and spending of $85k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $25k to $84k (+231%), an average of +35% a year. The sharpest change came in the year to June 2024, when income rose by 167%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blue Demon Club Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Gilchrist Parent Teacher Organization ($84k), Serrano Instrumental Music Association ($84k) and Friends of the Altoona Area Public Library ($84k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.