Bokitas Foundation Inc

Analysis

Bokitas Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bokitas Foundation Inc reported income of $128k and spending of $250k, spending 196% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $367k to $128k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bokitas Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Angel of Edgewood Inc ($128k), American Peanut Research and Education Society Inc ($128k) and Oak View Parent Teacher Organization ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.