Bisemi Foundation Inc

Analysis

Bisemi Foundation Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Bisemi Foundation Inc reported income of $205k and spending of $256k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $205k (+8.2%), an average of +8.2% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bisemi Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Theresa Wang Chinese Culture Center Inc ($205k), Innovation Arts Academy Inc ($205k) and North Gwinnett Arts Association Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $118k. At year end it held assets of -$6,211 against liabilities of $0, net assets of -$6,211.