BSLC II

Analysis

BSLC II is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, BSLC II reported income of $33.6m and spending of $31.0m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $36.4m to $33.6m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to September 2021, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, BSLC II sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Kessler Foundation Inc ($33.5m), Asociacion Puertorriquenos En Marcha Inc ($33.6m) and Union Station Homeless Services ($33.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $14.0m. At year end it held assets of $102.5m against liabilities of $92.5m, net assets of $10.1m.