BBSW

Analysis

BBSW is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, BBSW reported income of $202k and spending of $206k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $269k to $202k (-25%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income rose by 2992%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, BBSW sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Groveport Community Improvement Corporation ($202k), In Need of Capital ($202k) and Skills in Scranton Business Education Partnership ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $145k against liabilities of $5,602, net assets of $140k.