Blue Krewe

Analysis

Blue Krewe is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blue Krewe reported income of $1.9m and spending of $1.9m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.7m to $1.9m (+13%), an average of +6.3% a year. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blue Krewe sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include American Agape Foundation Inc ($1.9m), Out for Undergraduate Business Conference Inc ($1.9m) and Lewiston Auburn Metropolitan Chamber of Commerce Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $116k (6.1% of expenses). Other salaries and wages came to $697k. At year end it held assets of $1.2m against liabilities of $270k, net assets of $940k. It reported 35 employees.