Band of Blue Inc

Analysis

Band of Blue Inc is a registered charity in United States, based in Pleasant PR, WI. It received its IRS tax-exemption ruling in November 2016, 10 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, Band of Blue Inc reported income of $60k and spending of $40k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $60k (-3.5%), an average of -3.5% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Band of 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 23rd percentile, and in the 20th percentile within WI. Charities of a similar size with the same main cause include Friends of the Omaha Farmers Market ($60k), Caring Hearts Helping Hands Inc ($60k) and Britney Lee Foundation Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $244k against liabilities of $153k, net assets of $92k.