BT Foundry

Analysis

BT Foundry is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2021, 5 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, BT Foundry reported income of $91k and spending of $83k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $250k to $91k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, BT Foundry sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Friends of Silver Hawk Theatre ($91k), Old Fort Western Fund ($91k) and Music on a Mission Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $18k. At year end it held assets of $4,018 against liabilities of -$9,455, net assets of $13k. It reported 1 employees.