Bank the Blue NFP

Analysis

Bank the Blue NFP is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Bank the Blue NFP reported income of $234k and spending of $439k, spending 188% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $505k to $234k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bank the Blue NFP sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Peace River Center Properties Inc ($234k), Alano Society of St Louis Missouri Inc ($234k) and Piatt County Nursing Home Foundation ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $30k against liabilities of $30k, net assets of -$14.