Basca Inc

Analysis

Basca Inc is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Basca Inc reported income of $3.8m and spending of $4.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.8m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Basca Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Northwest Arkansas Head Start Human Services Inc ($3.8m), North Carolina Independent Colleges & Universities ($3.8m) and Future Generations University Corporation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $95k (2.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.5m against liabilities of $2.9m, net assets of $1.6m. It reported 109 employees.