Bme Networks

Analysis

Bme Networks is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Bme Networks reported income of $3.0m and spending of $2.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.0m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bme Networks sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include MDCDC Inc ($3.0m), Power Interfaith ($3.0m) and Pike Place Market Foundation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $272k (12% of expenses). Other salaries and wages came to $320k. At year end it held assets of $3.6m against liabilities of $600k, net assets of $3.0m. It reported 7 employees.