Basblue Inc

Analysis

Basblue Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Basblue Inc reported income of $2.6m and spending of $1.9m, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.3m to $2.6m (+101%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Basblue Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Greater Peoria Family YMCA ($2.6m), Baker County Council on Aging Inc ($2.6m) and World Faiths Development Dialogue International Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $54k (2.9% of expenses). Other salaries and wages came to $494k. At year end it held assets of $4.5m against liabilities of $1.6m, net assets of $2.9m. It reported 27 employees.