Bawac Inc

Analysis

Bawac Inc is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Bawac Inc reported income of $7.7m and spending of $6.2m, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.1m to $7.7m (+49%), an average of +8.3% a year. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bawac Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within KY. Charities of a similar size with the same main cause include Northeast Mississippi Planning and Development District Inc ($7.7m), Unite-La Inc ($7.7m) and Calidad Industries Inc ($7.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $329k (5.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $9.5m against liabilities of $1.1m, net assets of $8.4m. It reported 101 employees.