Bixby Development Foundation Inc

Analysis

Bixby Development Foundation Inc is a registered charity in United States, based in Bixby, OK. It received its IRS tax-exemption ruling in September 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 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, Bixby Development Foundation Inc reported income of $91k and spending of $86k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $91k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bixby Development Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within OK. Charities of a similar size with the same main cause include Urban Enterprise Association of Richmond Inc ($91k), Leadership Houston Endowment Inc ($91k) and Junior League of Montclair-Newark Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 25% of the total. At year end it held assets of $1,834 against liabilities of $0, net assets of $1,834.