Bima Services

Analysis

Bima Services is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in September 2017, 9 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 2023, Bima Services reported income of $164k and spending of $164k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $164k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bima Services sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include E a N J Inc ($164k), Sisu of Georgia Inc ($164k) and San Antonio Genealogical & Historical Society ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. At year end it held assets of $14k against liabilities of $9,168, net assets of $5,202.