Blu Educational Foundation

Analysis

Blu Educational Foundation is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Blu Educational Foundation reported income of $1.6m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $236k to $1.6m (+566%), an average of +61% a year. The sharpest change came in the year to June 2020, when income rose by 215%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blu Educational Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Northstar School ($1.6m), Exploration High School ($1.6m) and Community Transitional School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $167k (13% of expenses). Other salaries and wages came to $631k. At year end it held assets of $1.5m against liabilities of $1,640, net assets of $1.5m. It reported 5 employees.