Business Education in Science and Technology for New Americans Inc

Analysis

Business Education in Science and Technology for New Americans Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Business Education in Science and Technology for New Americans Inc reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $3.9m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Business Education in Science and Technology for New Americans Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Horizon Science Academy Dayton Downtown Inc ($3.9m), Gateway Academy Inc ($3.9m) and Californians Together ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $2.3m against liabilities of $720k, net assets of $1.6m. It reported 111 employees.