Bccu Inc Clearfield

Analysis

Bccu Inc Clearfield is a registered charity in United States, based in Woods Cross, UT. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Bccu Inc Clearfield reported income of $16.4m and spending of $15.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $16.4m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bccu Inc Clearfield sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Millennium Housing of California ($16.4m), Ahepa Affordable Housing Management Company Inc ($16.5m) and Prairie Landing Community Inc ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $11k (0.1% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $28.1m against liabilities of $23.3m, net assets of $4.8m. It reported 429 employees.