The Bass Foundation Inc

Analysis

The Bass Foundation Inc is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Bass Foundation Inc reported income of $233k and spending of $186k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $233k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Bass Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include A O E Inc ($233k), Mount Olives Community Center Inc ($233k) and Punjabi American Heritage Society ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $53k (29% of expenses). Other salaries and wages came to $3,805. At year end it held assets of $363k against liabilities of $139, net assets of $363k. It reported 7 employees.