Bsi Inc

Analysis

Bsi Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 August 2023, Bsi Inc reported income of $9.8m and spending of $8.9m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.2m to $9.8m (+36%), an average of +7.9% a year. The sharpest change came in the year to August 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bsi Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Community Healing Centers ($9.8m), Reece School ($9.8m) and Mather Place ($9.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $505k (5.7% of expenses). Other salaries and wages came to $3.7m. It paid $3,750 in professional fundraising fees. At year end it held assets of $11.2m against liabilities of $7.8m, net assets of $3.4m. It reported 141 employees.