Bonafide Inc

Analysis

Bonafide Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Bonafide Inc reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $628k to $1.2m (+85%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 71% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Bonafide Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Raised the Floor Alliance ($1.2m), Pro Bono Legal Services Inc ($1.2m) and Arizona Adverse Childhood Experiences Consortium Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $130k (13% of expenses). Other salaries and wages came to $232k. It paid $44k in professional fundraising fees. At year end it held assets of $883k against liabilities of $0, net assets of $883k. It reported 7 employees.