BMW Car Club of America Foundation

Analysis

BMW Car Club of America Foundation is a registered charity in United States, based in Greer, SC. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, BMW Car Club of America Foundation reported income of $820k and spending of $1.0m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $934k to $820k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, BMW Car Club of America Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Guajome Learning Centers ($820k), Baltimore Torah School ($821k) and Go Corps ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 22% of the total. At year end it held assets of $1.6m against liabilities of $1.1m, net assets of $570k.