Business Education Fund

Analysis

Business Education Fund is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in April 2020, 6 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 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, Business Education Fund reported income of $1.0m and spending of $1.5m, spending 141% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.2m to $1.0m (-68%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Business Education Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include United Way of Hunterdon County ($1.0m), New Horizon Ministries ($1.0m) and Mondays Dark Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $191k (13% of expenses). Other salaries and wages came to $672k. At year end it held assets of $1.3m against liabilities of $11k, net assets of $1.3m. It reported 15 employees.