Business for America Education Fund

Analysis

Business for America Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover public and societal benefit, 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, Business for America Education Fund reported income of $235k and spending of $343k, spending 146% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $171k to $235k (+38%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Business for America Education Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include Moore Free Library ($235k), Big Brothers Big Sisters of Ozaukee County Inc ($235k) and Indian Action Council of Northwestern California Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $318k, net assets of -$307k.