BC Corp

Analysis

BC Corp is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, BC Corp reported income of $889k and spending of $867k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $889k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, BC Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Sprinkler Fitter 268 Joint Apprentice and Training Fund ($889k), Masonry Society ($889k) and Asd Hope Inc ($889k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $109k (13% of expenses). Other salaries and wages came to $477k. At year end it held assets of $244k against liabilities of $14k, net assets of $230k.