Blue Umbrella Experience Inc

Analysis

Blue Umbrella Experience Inc is a registered charity in United States, based in Kings Park, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Umbrella Experience Inc reported income of $580k and spending of $515k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $418k to $580k (+39%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Blue Umbrella Experience Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Sloatsburg Food Pantry Inc ($580k), Tara Hall ($580k) and No Struggle No Success Inc ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $152k (29% of expenses). Other salaries and wages came to $99k. At year end it held assets of $353k against liabilities of $200k, net assets of $153k. It reported 6 employees.