BGM Inc

Analysis

BGM Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, BGM Inc reported income of $226k and spending of $259k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $168k to $226k (+34%), an average of +6.1% a year. The sharpest change came in the year to December 2019, when income rose by 17%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, BGM Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Blooming Prairie Cancer Group ($226k), Gift Permanent Supportive Housing Inc ($226k) and Itc Cares ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $1.0m against liabilities of $628k, net assets of $420k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.