Bishop Kelly Foundation Inc

Analysis

Bishop Kelly Foundation Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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 June 2023, Bishop Kelly Foundation Inc reported income of $2.3m and spending of $1.8m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 275%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bishop Kelly Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within ID. Charities of a similar size with the same main cause include Hartville Volunteer Fire Dept Inc ($2.3m), The Central Scholarship Bureau Inc ($2.3m) and San Joaquin Pioneer and Historical Society ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $90k (5.1% of expenses). At year end it held assets of $17.1m against liabilities of $19k, net assets of $17.0m.