Bco Benevolence Fund Inc

Analysis

Bco Benevolence Fund Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bco Benevolence Fund Inc reported income of $182k and spending of $98k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $59k to $182k (+206%), an average of +75% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bco Benevolence Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Beaches Summertime Cruisin ($182k), Hm3 Partners Independence Fund Inc ($182k) and Hester J Hodgdon Libraries for All Program ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.