Blue Heart Foundation Inc

Analysis

Blue Heart Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Blue Heart Foundation Inc reported income of $603k and spending of $296k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $920k to $603k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Blue Heart Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Homeless Youth Alliance Inc ($602k), Chicago Aldermanic Black Caucus Foundation ($603k) and Boys & Girls Club of Ukiah ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $93k. At year end it held assets of $630k against liabilities of $0, net assets of $630k.