Bonfare Markets Charitable Foundation

Analysis

Bonfare Markets Charitable Foundation is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bonfare Markets Charitable Foundation reported income of $345k and spending of $218k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $256 to $345k (+134530%), an average of +506% a year. The sharpest change came in the year to December 2021, when income rose by 179863%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bonfare Markets Charitable Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include American Lebanese Tripolian Organization Inc ($345k), Honor Flight of West Central Florida ($345k) and Lake Burton Civic Association Foundation Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $525k against liabilities of $0, net assets of $525k.