Bhi Foundation Inc

Analysis

Bhi Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bhi Foundation Inc reported income of $489k and spending of $986k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $614k to $489k (-20%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bhi Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Volunteers of America Inc ($489k), Whitneystrong Inc ($489k) and Castillo Homes Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $62k. At year end it held assets of $7.2m against liabilities of $216k, net assets of $7.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.