Blue Room Foundation Inc

Analysis

Blue Room Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blue Room Foundation Inc reported income of $79k and spending of $232k, spending 292% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $103k to $79k (-23%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 779%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blue Room Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include New England Disabled Sports Foundation ($79k), Branford Little League Inc ($79k) and Clifton Improvement Association Inc ($79k).

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 $90k. At year end it held assets of $458k against liabilities of $391k, net assets of $67k. It reported 2 employees.