Bac Local 7 Tile Marble and Terrazzo Scholarship Fund Inc

Analysis

Bac Local 7 Tile Marble and Terrazzo Scholarship Fund Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Bac Local 7 Tile Marble and Terrazzo Scholarship Fund Inc reported income of $153k and spending of $101k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $153k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bac Local 7 Tile Marble and Terrazzo Scholarship Fund Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Somers Point Volunteer Fire Company No 1 Inc ($153k), Kiwanis Club of North Modesto Foundation ($153k) and Little League Baseball Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% of the total. At year end it held assets of $293k against liabilities of $0, net assets of $293k.