Bluesun Inc

Analysis

Bluesun Inc is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bluesun Inc reported income of $3.2m and spending of $3.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.2m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bluesun Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Community Reach of Montgomery County Inc ($3.2m), Ig Family Foundation Inc ($3.2m) and Neuro Kids Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $102k (3.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $347k against liabilities of $430k, net assets of -$83k. It reported 320 employees.