Bascomb Memorial Broadcasting Foundation Inc

Analysis

Bascomb Memorial Broadcasting Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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, Bascomb Memorial Broadcasting Foundation Inc reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $759k to $1.1m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bascomb Memorial Broadcasting Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Organic Farming Research Foundation ($1.1m), RSVP Volunteers ($1.1m) and Asociacion Fomento Educativo Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Other salaries and wages came to $458k. At year end it held assets of $2.6m against liabilities of $793k, net assets of $1.8m. It reported 11 employees.