Bernie L Bates Foundation Inc

Analysis

Bernie L Bates Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bernie L Bates Foundation Inc reported income of $156k and spending of $123k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $80k to $156k (+95%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bernie L Bates Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Truth Academy Inc ($156k), Brickyard Collaborative Inc ($157k) and Nipomo Food Basket ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. It paid $115 in professional fundraising fees. At year end it held assets of $451k against liabilities of $130k, net assets of $321k.