Back to Basics Inc

Analysis

Back to Basics Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Back to Basics Inc reported income of $567k and spending of $623k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $483k to $567k (+17%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Back to Basics Inc 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 74th percentile within FL. Charities of a similar size with the same main cause include John Kazanjian Family Foundation ($567k), Quiroga Foundation ($567k) and American College of Surgeons Foundation ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $456k against liabilities of $0, net assets of $456k.