BGCDL Title Holding Company

Analysis

BGCDL Title Holding Company is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in April 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, BGCDL Title Holding Company reported income of $58k and spending of $305k, spending 527% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $557k to $58k (-90%), an average of -36% a year. The sharpest change came in the year to December 2019, when income dropped by 79%. Over the whole period it spent 188% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, BGCDL Title Holding Company sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Valley Prosperity Partnership ($58k), Waterloo 290 Charities for Veterans and Youth Programs Inc ($58k) and Grant Wood Mississippi River Region Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.2m against liabilities of $6.0m, net assets of -$768k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.