Blue Beards for Charity

Analysis

Blue Beards for Charity is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Beards for Charity reported income of $61k and spending of $60k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $61k to $61k (-1.1%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Blue Beards for Charity sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Penn Yan Lions Foundation Inc ($61k), Pellston Education Foundation ($61k) and Sheriff Frank Reynolds Charities Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $8,179 against liabilities of $0, net assets of $8,179.