BGCS Building Great Futures Inc

Analysis

BGCS Building Great Futures Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, BGCS Building Great Futures Inc reported income of $137k and spending of $538k, spending 393% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $10k to $137k (+1246%), an average of +68% a year. The sharpest change came in the year to December 2019, when income rose by 734%. Over the whole period it spent 391% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, BGCS Building Great Futures Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include McDonough County United Way ($137k), Lokey Charities ($137k) and Help a Child Benefit ($137k).

At year end it held assets of $9.4m against liabilities of $11.3m, net assets of -$1.9m.

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.