Bajito Onda Community Development Foundation

Analysis

Bajito Onda Community Development Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 2021, Bajito Onda Community Development Foundation reported income of $151k and spending of $154k, spending 102% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $128k to $151k (+18%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bajito Onda Community Development Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($151k), Faithwalk International ($151k) and Friends of the County of Henrico Public Library ($151k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $21k (13% of expenses). At year end it held assets of $8,450 against liabilities of $57k, net assets of -$48k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.