Blue Ridge Energy Members Foundation

Analysis

Blue Ridge Energy Members Foundation is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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 Ridge Energy Members Foundation reported income of $345k and spending of $396k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $345k (+7.6%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blue Ridge Energy Members Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Northern Lights Library Network ($345k), Heart to Heart Pregnancy Support Center ($345k) and United Way of the Kearney Area Inc ($345k).

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 $102k against liabilities of $0, net assets of $102k.