Business Consortium Fund Inc

Analysis

Business Consortium Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1986, 40 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 December 2023, Business Consortium Fund Inc reported income of $2.0m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $2.0m (+434%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 165%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Business Consortium Fund Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Disability Community Resource Center ($2.0m), Burbank Housing Communities Corporation ($2.0m) and New York State Public High School Athletic Assoc Sec V ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $757k (46% of expenses). Other salaries and wages came to $282k. At year end it held assets of $8.1m against liabilities of $3.8m, net assets of $4.2m. It reported 8 employees.