Bluestem Development Inc

Analysis

Bluestem Development Inc is a registered charity in United States, based in North Newton, KS. It received its IRS tax-exemption ruling in May 2023, 3 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 (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bluestem Development Inc reported income of $1.7m and spending of $480k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $1.7m (+427%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 300%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bluestem Development Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Glide Community Housing Inc ($1.7m), Bonifacio Cora Texidor Housing Developement Fund Corp ($1.7m) and SS C&m Haven Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 36% of the total. At year end it held assets of $8.0m against liabilities of $6.2m, net assets of $1.8m.