Basque Foundation Inc

Analysis

Basque Foundation Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Basque Foundation Inc reported income of $449k and spending of $445k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $449k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Basque Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within ID. Charities of a similar size with the same main cause include The Art Museum of Eastern Idaho Inc ($449k), Prism Quartet Incorporated ($449k) and Ballet Works Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $13k (2.9% of expenses). Other salaries and wages came to $73k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 23 employees.