BFB Foundation Inc

Analysis

BFB Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2012, 14 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, BFB Foundation Inc reported income of $200k and spending of $224k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $374k to $200k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, BFB Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Girls with Books ($200k), Ardrey Kell High School Band Boosters ($200k) and Gorge Makerspace ($200k).

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 $19k (8.4% of expenses). At year end it held assets of $256k against liabilities of $0, net assets of $256k.