Blue Channel Therapy

Analysis

Blue Channel Therapy is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Blue Channel Therapy reported income of $940k and spending of $899k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $322k to $940k (+192%), an average of +192% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blue Channel Therapy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include C-Tac Innovations Inc ($940k), Mental Health Association of Central Florida Inc ($940k) and Coastal Psychiatric Center Inc ($940k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. At year end it held assets of $61k against liabilities of $23k, net assets of $39k. It reported 11 employees.