Blue Lips Foundation

Analysis

Blue Lips Foundation is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Lips Foundation reported income of $60k and spending of $60k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $349k to $60k (-83%), an average of -44% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 38% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blue Lips Foundation sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include Flight to the North Pole Inc ($60k), Hope Heart Institute ($60k) and Virginia Pharmaceutical Assoc Research Education Foundation Inc ($60k).

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 $869k against liabilities of $0, net assets of $869k.