Blue Sky Fund
Blue Sky Fund shows strong revenue growth and zero reported officer compensation over a decade.
EIN: 141985225 · Richmond, VA · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $930K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 92/100 |
Is Blue Sky Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Sky Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Sky Fund
Blue Sky Fund (EIN: 141985225) is a nonprofit organization based in Richmond, VA, classified under NTEE code O50. The organization reported total revenue of $1.5M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Sky Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Sky Fund is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $930K |
| Surplus / Deficit | +$414K |
| Total Assets | $1.1M |
| Total Liabilities | $32K |
| Net Assets | $1.0M |
| Operating Margin | 30.8% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 13.8 months |
Financial Health Grade: A
In 2024, Blue Sky Fund reported a surplus of $414K with revenue exceeding expenses, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Blue Sky Fund's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +39.0% | +6.0% | +69.2% |
| 2023 | +22.0% | +23.2% | +17.0% |
| 2022 | +113.9% | +175.4% | -1.7% |
| 2021 | -42.3% | -56.2% | +21.5% |
| 2020 | -13.4% | -24.6% | +57.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Sky Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Blue Sky Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $414K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with over $1 million in revenue and suggests a strong volunteer leadership or alternative compensation structures not reported as officer pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Blue Sky Fund's IRS 990 filings:
- Unusually low reported liabilities for an organization of its size in some periods, which could warrant further inquiry into financial reporting nuances.
- Consistent 0% officer compensation, while positive for transparency, is highly unusual for an organization with over $1 million in revenue and could suggest alternative compensation methods or significant reliance on volunteer leadership that might not be sustainable long-term without further explanation.
Strengths
The following positive indicators were identified for Blue Sky Fund:
- Exceptional revenue growth, particularly in recent years, demonstrating increasing support and impact.
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards programs.
- Healthy asset accumulation, with assets more than doubling from 2021 to 2024, signifying financial stability.
- Positive net income in recent periods (e.g., $1,344,530 revenue vs. $930,485 expenses in 2024), showing efficient financial management.
- Low liabilities relative to assets, indicating a strong balance sheet and minimal financial risk.
Frequently Asked Questions about Blue Sky Fund
Is Blue Sky Fund a legitimate charity?
Blue Sky Fund (EIN: 141985225) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Blue Sky Fund spend its money?
Blue Sky Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Blue Sky Fund tax-deductible?
Blue Sky Fund is registered as a tax-exempt nonprofit (EIN: 141985225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Blue Sky Fund CEO make?
Blue Sky Fund's highest-compensated officer earns $1 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Blue Sky Fund's spending goes to programs?
Blue Sky Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blue Sky Fund compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Blue Sky Fund is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Sky Fund located?
Blue Sky Fund is headquartered in Richmond, Virginia and files with the IRS under EIN 141985225. It is classified under NTEE code O50.
How many years of IRS 990 filings does Blue Sky Fund have?
Blue Sky Fund has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Is Blue Sky Fund a good charity?
Based on its financial data, Blue Sky Fund appears to be a very good charity. It demonstrates strong financial growth, responsible expense management, and a remarkable commitment to transparency by reporting 0% officer compensation for over a decade.
How has Blue Sky Fund's revenue changed over time?
Blue Sky Fund has experienced significant revenue growth, particularly in recent years, increasing from $370,889 in 2021 to $1,344,530 in 2024, indicating a strong upward trend in its financial support.
What is Blue Sky Fund's asset growth like?
The organization's assets have grown substantially, more than doubling from $551,599 in 2021 to $1,073,476 in 2024, reflecting healthy financial accumulation and stability.
Does Blue Sky Fund pay its officers?
According to all available IRS 990 filings from 2015 to 2024, Blue Sky Fund consistently reports 0% officer compensation, meaning no officers received salaries or other compensation directly from the organization during these periods.
What is the trend in Blue Sky Fund's liabilities?
Liabilities have generally remained low relative to assets, with some fluctuations, such as $94,707 in 2021 and $31,844 in 2024, indicating good financial control and minimal debt burden.
Filing History
IRS 990 filing history for Blue Sky Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Blue Sky Fund's revenue has grown by 486.8%, moving from $229K to $1.3M. Total assets increased by 763% over the same period, from $124K to $1.1M. Total functional expenses rose by 440.6%, from $172K to $930K. In its most recent filing year (2024), Blue Sky Fund reported a surplus of $414K, with revenue exceeding expenses. The organization holds $32K in liabilities against $1.1M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $930K | $1.1M | $32K | — | View 990 |
| 2023 | $968K | $878K | $634K | $7K | — | View 990 |
| 2022 | $793K | $713K | $542K | $4K | — | View 990 |
| 2021 | $371K | $259K | $552K | $95K | — | View 990 |
| 2020 | $642K | $591K | $454K | $109K | — | View 990 |
| 2019 | $742K | $783K | $288K | $0 | — | View 990 |
| 2018 | $720K | $739K | $324K | $0 | — | View 990 |
| 2017 | $672K | $714K | $332K | $0 | — | View 990 |
| 2016 | $592K | $619K | $369K | $0 | — | View 990 |
| 2015 | $565K | $482K | $399K | $2K | — | View 990 |
| 2014 | $501K | $386K | $314K | $0 | — | View 990 |
| 2013 | $399K | $355K | $199K | $0 | — | View 990 |
| 2012 | $275K | $245K | $155K | $0 | — | View 990 |
| 2011 | $229K | $172K | $124K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $930K, and assets of $1.1M (revenue +39.0% year-over-year).
- 2023: Revenue of $968K, expenses of $878K, and assets of $634K (revenue +22.0% year-over-year).
- 2022: Revenue of $793K, expenses of $713K, and assets of $542K (revenue +113.9% year-over-year).
- 2021: Revenue of $371K, expenses of $259K, and assets of $552K (revenue -42.3% year-over-year).
- 2020: Revenue of $642K, expenses of $591K, and assets of $454K (revenue -13.4% year-over-year).
- 2019: Revenue of $742K, expenses of $783K, and assets of $288K (revenue +3.0% year-over-year).
- 2018: Revenue of $720K, expenses of $739K, and assets of $324K (revenue +7.2% year-over-year).
- 2017: Revenue of $672K, expenses of $714K, and assets of $332K (revenue +13.5% year-over-year).
- 2016: Revenue of $592K, expenses of $619K, and assets of $369K (revenue +4.7% year-over-year).
- 2015: Revenue of $565K, expenses of $482K, and assets of $399K (revenue +12.7% year-over-year).
- 2014: Revenue of $501K, expenses of $386K, and assets of $314K (revenue +25.5% year-over-year).
- 2013: Revenue of $399K, expenses of $355K, and assets of $199K (revenue +45.1% year-over-year).
- 2012: Revenue of $275K, expenses of $245K, and assets of $155K (revenue +20.1% year-over-year).
- 2011: Revenue of $229K, expenses of $172K, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Sky Fund:
Data Sources and Methodology
This transparency report for Blue Sky Fund 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.