Blue Circle Health Inc

Analysis

Blue Circle Health Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover health care, 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 September 2023, Blue Circle Health Inc reported income of $76k and spending of $6.1m, spending 8097% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $45.4m to $76k (-100%), an average of -100% a year. The sharpest change came in the year to September 2023, when income dropped by 100%. Over the whole period it spent 20% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blue Circle Health Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include New York Spirit Charities Inc ($76k), Whitestone Community Ambulance Service ($76k) and Kentucky Optometric Foundation Inc ($76k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $713k (12% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $37.0m against liabilities of $515k, net assets of $36.5m. It reported 25 employees.