Bacaanda Foundation Inc

Analysis

Bacaanda Foundation Inc is a registered charity in United States, based in Townshend, VT. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 January 2024, Bacaanda Foundation Inc reported income of $350k and spending of $303k, spending 87% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $257k to $350k (+36%), an average of +8.1% a year. The sharpest change came in the year to January 2023, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bacaanda Foundation Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include Family Promise of Irving ($350k), Operation St Nick Laus Inc ($350k) and Therapeutic Justice Foundation Inc ($350k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Other salaries and wages came to $17k. At year end it held assets of $115k against liabilities of $0, net assets of $115k.