Bluewest Opportunities Inc

Analysis

Bluewest Opportunities Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, Bluewest Opportunities Inc reported income of $12.9m and spending of $12.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $12.9m (+318%), an average of +43% a year. The sharpest change came in the year to June 2020, when income rose by 272%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bluewest Opportunities Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Recovery Health Services Inc ($12.9m), Childrens Health Foundation Inc ($12.9m) and The Hospital Cottages for Children ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $218k (1.8% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $6.6m against liabilities of $1.5m, net assets of $5.1m. It reported 293 employees.