Boc Capital Corp

Analysis

Boc Capital Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2003, 23 years ago. 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 June 2023, Boc Capital Corp reported income of $5.1m and spending of $3.5m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.1m (+246%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 173%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boc Capital Corp 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 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Foundation for Excellence in Education ($5.1m), Calvin Christian School ($5.1m) and Stages St Louis ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $194k (5.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $29.1m against liabilities of $13.0m, net assets of $16.1m.