Bluelight Heals Corporation

Analysis

Bluelight Heals Corporation is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bluelight Heals Corporation reported income of $2.5m and spending of $2.2m, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $101.2m to $2.5m (-98%), an average of -84% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 5.4% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bluelight Heals Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within WY. Charities of a similar size with the same main cause include Pittsford Volunteer Ambulance Inc ($2.5m), Allegheny Childrens Initiative Inc ($2.5m) and Libertae Incorporated ($2.5m).

Compensation of current officers, directors and key employees was $291k (13% of expenses). Other salaries and wages came to $702k. At year end it held assets of $55.7m against liabilities of $1.0m, net assets of $54.6m. It reported 11 employees.