BCLF Ventures Inc

Analysis

BCLF Ventures Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, BCLF Ventures Inc reported income of $5.8m and spending of $5.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.3m to $5.8m (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, BCLF Ventures Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Alliance for Housing Oakland County Continuum of Care ($5.8m), Aldersgate Life Plan Services Inc ($5.8m) and Rainbow Housing Assistance Corporation ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. Compensation of current officers, directors and key employees was $454k (8.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $82.5m against liabilities of $51.0m, net assets of $31.6m. It reported 51 employees.