Bic Educational Foundation

Analysis

Bic Educational Foundation is a registered charity in United States, based in Elkridge, MD. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Bic Educational Foundation reported income of $179k and spending of $481k, spending 268% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $255k to $179k (-30%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 264% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bic Educational Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Milton Actors Support Krew Inc ($179k), Texas Association for Court Administration ($179k) and Fremont Ross Athletic Boosters Association Inc ($179k).

At year end it held assets of $14.5m against liabilities of $494k, net assets of $14.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.