Business Development Centre Inc

Analysis

Business Development Centre Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. 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 June 2024, Business Development Centre Inc reported income of $310k and spending of $247k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $309k to $310k (+0.2%), an average of +0.1% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Business Development Centre Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include The Good Shepherd Center Inc ($309k), Yuba-Sutter Youth Soccer League Inc ($310k) and Motivating Our Students Through Experience Moste ($309k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 10% of the total. Compensation of current officers, directors and key employees was $72k (29% of expenses). Other salaries and wages came to $16k. At year end it held assets of $1.6m against liabilities of $960k, net assets of $664k. It reported 2 employees.