Bi-County Services Inc

Analysis

Bi-County Services Inc is a registered charity in United States, based in Bluffton, IN. It received its IRS tax-exemption ruling in December 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bi-County Services Inc reported income of $6.7m and spending of $7.9m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.8m to $6.7m (-1.0%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bi-County Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Thunder Valley Community Development Corporation ($6.7m), Codman Square Neighborhood Development Corporation ($6.7m) and Community and Economic Development ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $163k (2.1% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $6.2m against liabilities of $591k, net assets of $5.6m. It reported 246 employees.