Foundation Blue Inc

Analysis

Foundation Blue Inc is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in September 2015, 11 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, Foundation Blue Inc reported income of $61k and spending of $65k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $61k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. 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, Foundation Blue Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within RI. Charities of a similar size with the same main cause include Community Apartments Corporation of Wilson County ($61k), Watertown Senior Activities Center ($61k) and Enfield School Age Program Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $11k against liabilities of $771, net assets of $9,860.