B612 Foundation

Analysis

B612 Foundation is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover science and technology, 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, B612 Foundation reported income of $3.4m and spending of $2.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.4m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, B612 Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include North Carolina Azalea Festival Wilmington Inc ($3.4m), Nantucket Dreamland Foundation ($3.4m) and Cornelius Arts Community Center Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $205k (7.4% of expenses). Other salaries and wages came to $119k. At year end it held assets of $5.0m against liabilities of $1.6m, net assets of $3.4m. It reported 9 employees.