Bullard Family Foundation Inc

Analysis

Bullard Family Foundation Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2023, Bullard Family Foundation Inc reported income of $834k and spending of $1.0m, spending 122% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $1.6m to $834k (-49%), an average of -20% a year. The sharpest change came in the year to April 2021, when income dropped by 44%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bullard Family Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Stepup Durham ($833k), Genesis Outreach Incorporated ($834k) and Services for Independent Living ($833k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $476k against liabilities of $8,334, net assets of $467k.