BMG Student Aid Fund Inc

Analysis

BMG Student Aid Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2000, 26 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, BMG Student Aid Fund Inc reported income of $1.1m and spending of $1.5m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $708k to $1.1m (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, BMG Student Aid Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Centre for Home Ownership & Economic Development Corporation I ($1.1m), Executive Mba Council Grad School of Bus Columbia Univ ($1.1m) and Stoughton Extended Day Program Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $442k against liabilities of $0, net assets of $442k.