Business Education Coordinating Council

Analysis

Business Education Coordinating Council is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in November 1997, 29 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 (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, Business Education Coordinating Council reported income of $531k and spending of $601k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $531k (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Education Coordinating Council sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Synergist Inc ($531k), Brightest Employment Services Inc ($532k) and Skamania Economic Development Council ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $289k. At year end it held assets of $326k against liabilities of $78k, net assets of $249k. It reported 6 employees.

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.