Bumblebee Foundation Inc

Analysis

Bumblebee Foundation Inc is a registered charity in United States, based in Westlake VLG, CA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Bumblebee Foundation Inc reported income of $552k and spending of $454k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $552k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bumblebee Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Wellness Sleep & Circadian Network Inc ($552k), Palmer Drug Abuse Program of Lea County ($552k) and Vna Space Coast Private Care Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $32k. At year end it held assets of $569k against liabilities of $1,721, net assets of $567k. It reported 2 employees.