Borderplex Bi-National Economic Alliance Foundation

Analysis

Borderplex Bi-National Economic Alliance Foundation is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Borderplex Bi-National Economic Alliance Foundation reported income of $571k and spending of $542k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $594k to $571k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Borderplex Bi-National Economic Alliance Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Women in Progress Inc ($571k), Floreciendo ($572k) and Greater Gallup Economic Development Corporation ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $197k. At year end it held assets of $171k against liabilities of $7,019, net assets of $164k. It reported 2 employees.