Blue Sea Philanthropy USA

Analysis

Blue Sea Philanthropy USA is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Blue Sea Philanthropy USA reported income of $670k and spending of $601k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $670k (+375%), an average of +376% a year. The sharpest change came in the year to December 2023, when income rose by 375%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Blue Sea Philanthropy USA sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Berea College Science and Health Foundation Inc ($670k), Declan Drumm Sullivan Memorial Fund ($671k) and Healthcare for Israel Inc ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $208k against liabilities of $129k, net assets of $79k.