Blue Waters Recovery Foundation Inc

Analysis

Blue Waters Recovery Foundation Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Waters Recovery Foundation Inc reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $937k to $1.0m (+9.1%), an average of +9.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blue Waters Recovery Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Conrad House Inc ($1.0m), Bnai Brith Apartments of Deerfield Beach II Inc ($1.0m) and Habitat for Humanity International Inc ($1.0m).

Compensation of current officers, directors and key employees was $136k (13% of expenses). Other salaries and wages came to $48k. At year end it held assets of $9,206 against liabilities of $36k, net assets of -$27k. It reported 5 employees.