Buladean Community Foundation

Analysis

Buladean Community Foundation is a registered charity in United States, based in Bakersville, NC. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Buladean Community Foundation reported income of $95k and spending of $246k, spending 258% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $265k to $95k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Buladean Community Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Hermann Area Crusade Against Cancer Inc ($95k), Fia Friendship Club Inc ($95k) and Blossom Place ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.