Bong P-38 Fund Incorporated

Analysis

Bong P-38 Fund Incorporated is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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, Bong P-38 Fund Incorporated reported income of $717k and spending of $680k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $680k to $717k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bong P-38 Fund Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Museum of Early Trades and Crafts ($717k), Meadows Real Estate Management and Development Corporation ($717k) and Teton Housing Corporation ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $68k (10% of expenses). Other salaries and wages came to $236k. At year end it held assets of $3.8m against liabilities of $7,424, net assets of $3.8m. It reported 17 employees.