Milpitas Charity Bingo Inc

Analysis

Milpitas Charity Bingo Inc is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Milpitas Charity Bingo Inc reported income of $2.4m and spending of $3.2m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $2.4m (+7097%), an average of +191% a year. The sharpest change came in the year to December 2020, when income rose by 3473%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Milpitas Charity Bingo 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 88th percentile within CA. Charities of a similar size with the same main cause include CFS Real Property Inc ($2.3m), TMC Community Capital ($2.4m) and Teamchild ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% of the total. At year end it held assets of $2.3m against liabilities of $239k, net assets of $2.1m. It reported 37 employees.