Business Investment Growth Inc

Analysis

Business Investment Growth Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 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, Business Investment Growth Inc reported income of $1.2m and spending of $898k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $914k to $1.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 882%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Business Investment Growth Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Family Christian School Inc ($1.2m), Applied Behavior Learning Center ($1.2m) and Dublin Youth Athletics Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $145k (16% of expenses). Other salaries and wages came to $294k. At year end it held assets of $261k against liabilities of $178k, net assets of $83k. It reported 11 employees.