Blue Belt the Blue Corp

Analysis

Blue Belt the Blue Corp is a registered charity in United States, based in Smyrna, TN. It received its IRS tax-exemption ruling in April 2021, 5 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 Belt the Blue Corp reported income of $50k and spending of $52k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $50k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blue Belt the Blue Corp sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within TN. Charities of a similar size with the same main cause include Non Profit Development Center Ofsouthern New Jersey Inc ($50k), Anzafrika ($50k) and Rethink Coalition Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,701 against liabilities of $0, net assets of $2,701.