B O O C

Analysis

B O O C is a registered charity in United States, based in South Holland, IL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, B O O C reported income of $288k and spending of $262k, spending 91% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $296k to $288k (-2.7%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, B O O C sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Gulf Coast Business Council Research Foundation Inc ($288k), Troup County Center for Strategic Planning Inc ($288k) and Ancora Transition Services Inc ($288k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (31% of expenses). Other salaries and wages came to $128k. At year end it held assets of $63k against liabilities of $44k, net assets of $19k. It reported 8 employees.