Blue Angels Foundation Inc

Analysis

Blue Angels Foundation Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 2000, 26 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 Angels Foundation Inc reported income of $2.5m and spending of $1.9m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $964k to $2.5m (+161%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 95% 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 Angels Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Greater Susquehanna Valley United Way ($2.5m), Visiontrust International Inc ($2.5m) and Chicago Lights ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 166% of the total. At year end it held assets of $3.1m against liabilities of $37k, net assets of $3.1m.