B a S I C Training Inc

Analysis

B a S I C Training Inc is a registered charity in United States, based in Hardin, KY. It received its IRS tax-exemption ruling in March 1982, 44 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 August 2023, B a S I C Training Inc reported income of $653k and spending of $392k, leaving 40% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $248k to $653k (+163%), an average of +27% a year. The sharpest change came in the year to August 2023, when income rose by 125%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, B a S I C Training Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include United Helping Hands of Pikeville Inc ($653k), St Marks Day School Inc ($654k) and Frank Hervey Cook Trust ($653k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 19% of the total. Other salaries and wages came to $122k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 5 employees.