Blue Forest Finance Inc

Analysis

Blue Forest Finance Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Forest Finance Inc reported income of $7.4m and spending of $6.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $7.4m (+1733%), an average of +107% a year. The sharpest change came in the year to December 2020, when income rose by 379%. Over the whole period it spent 75% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Blue Forest Finance Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Turpentine Creek Foundation Inc ($7.4m), Cary Institute of Ecosystem Studies Inc ($7.4m) and Wave Hill Incorporated ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $767k (12% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $21.6m against liabilities of $16.8m, net assets of $4.8m. It reported 35 employees.