Bassett Society Inc

Analysis

Bassett Society Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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, Bassett Society Inc reported income of $56k and spending of $51k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $56k (-14%), an average of -14% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bassett Society Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Soccer Assoc for Youth ($56k), Love Unlimited Inc ($56k) and Christopher Potvin Scholar Athlete Fund Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.