Bluelight Development Group Inc

Analysis

Bluelight Development Group Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Bluelight Development Group Inc reported income of $391k and spending of $397k, spending 102% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $49k to $391k (+698%), an average of +182% a year. The sharpest change came in the year to December 2021, when income rose by 791%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bluelight Development Group Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Adirondack Community Housing Trust ($390k), 660 Crescent Avenue HDFC ($391k) and Rockvale Community Housing Corporation ($390k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,294 against liabilities of $0, net assets of $2,294.