Bfdi Educational Service Inc

Analysis

Bfdi Educational Service Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bfdi Educational Service Inc reported income of $4.2m and spending of $4.3m, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $3.3m to $4.2m (+28%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bfdi Educational Service Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Eastside Community School ($4.2m), Arizou Dba Basta ($4.2m) and Ukraine Partnership Foundation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $563k against liabilities of $307k, net assets of $257k. It reported 66 employees.