Bocon Inc

Analysis

Bocon Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Bocon Inc reported income of $306k and spending of $394k, spending 129% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $356k to $306k (-14%), an average of -14% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bocon Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Achievement Rewards for College Scientist Fndatn Metro Wash CHPTR ($306k), Hack Reduce Inc ($306k) and History Museum of Burke County Inc ($306k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $92k (23% of expenses). Other salaries and wages came to $107k. At year end it held assets of $107k against liabilities of $0, net assets of $107k. It reported 16 employees.