Blue Sea Philanthropy Usa
EIN: 473541807 · Leesburg, VA · NTEE: T01
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $601K |
| Net Assets | $79K |
Is Blue Sea Philanthropy Usa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blue Sea Philanthropy Usa
Blue Sea Philanthropy Usa (EIN: 473541807) is a nonprofit organization based in Leesburg, VA, classified under NTEE code T01. The organization reported total revenue of $1.3M and total assets of $414K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Sea Philanthropy Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Sea Philanthropy Usa is a mid-size nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 375.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $670K |
| Total Expenses | $601K |
| Surplus / Deficit | +$69K |
| Total Assets | $208K |
| Total Liabilities | $129K |
| Net Assets | $79K |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 62.2% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Blue Sea Philanthropy Usa reported a surplus of $69K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 62.2% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Blue Sea Philanthropy Usa's revenue has grown at a compound annual growth rate (CAGR) of 375.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +375.5% | +332.6% | +362.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blue Sea Philanthropy Usa has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Sea Philanthropy Usa with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.2%.
Frequently Asked Questions about Blue Sea Philanthropy Usa
Is Blue Sea Philanthropy Usa a legitimate charity?
Blue Sea Philanthropy Usa (EIN: 473541807) is a registered tax-exempt nonprofit based in Virginia. It has 2 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Blue Sea Philanthropy Usa spend its money?
Blue Sea Philanthropy Usa reported $1.3M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blue Sea Philanthropy Usa tax-deductible?
Blue Sea Philanthropy Usa is registered as a tax-exempt nonprofit (EIN: 473541807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blue Sea Philanthropy Usa located?
Blue Sea Philanthropy Usa is headquartered in Leesburg, Virginia and files with the IRS under EIN 473541807. It is classified under NTEE code T01.
How many years of IRS 990 filings does Blue Sea Philanthropy Usa have?
Blue Sea Philanthropy Usa has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Blue Sea Philanthropy Usa showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Blue Sea Philanthropy Usa's revenue has grown by 375.5%, moving from $141K to $670K. Total assets increased by 362.3% over the same period, from $45K to $208K. Total functional expenses rose by 332.6%, from $139K to $601K. In its most recent filing year (2023), Blue Sea Philanthropy Usa reported a surplus of $69K, with revenue exceeding expenses. The organization holds $129K in liabilities against $208K in assets (debt-to-asset ratio: 62.2%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $670K | $601K | $208K | $129K | — | — |
| 2022 | $141K | $139K | $45K | $36K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Sea Philanthropy Usa:
Data Sources and Methodology
This transparency report for Blue Sea Philanthropy Usa is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.