Benicia First Corporation

Analysis

Benicia First Corporation is a registered charity in United States, based in Benicia, CA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Benicia First Corporation reported income of $386k and spending of $352k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $386k (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benicia First Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Pro Flat Track Ama Rookie Class of 79 and Friends Fund ($386k), Master Ministries Inc ($386k) and Highland Terrace Housing Corp ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $80k (23% of expenses). Other salaries and wages came to $58k. At year end it held assets of $151k against liabilities of $66k, net assets of $85k. It reported 6 employees.