Friends of Bocconi University Inc

Analysis

Friends of Bocconi University Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Bocconi University Inc reported income of $279k and spending of $1.3m, spending 460% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $668k to $279k (-58%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Bocconi University Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Yale Alumni Scholarship of Cleveland ($279k), Academy Northwest ($279k) and Derry Area School District Foundation Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (6.2% of expenses). At year end it held assets of $124k against liabilities of $0, net assets of $124k. It reported 1 employees.