Basil Technologies

Analysis

Basil Technologies is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in January 2022, 4 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 December 2023, Basil Technologies reported income of $57k and spending of $228k, spending 398% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $462k to $57k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Basil Technologies sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Pflag Dayton ($57k), West Wilkes Medical Center Incorporated ($57k) and Adams Free Library ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.