Blue North Ky Inc

Analysis

Blue North Ky Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Blue North Ky Inc reported income of $596k and spending of $537k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $506k to $596k (+18%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blue North Ky Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Sand Springs Community Services Inc ($596k), Youth for Christ USA Inc ($596k) and Pioneer Housing Development Inc John Paul Apartments ($596k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $201k. At year end it held assets of $135k against liabilities of $43k, net assets of $92k. It reported 3 employees.