Basecamp305 Inc

Analysis

Basecamp305 Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Basecamp305 Inc reported income of $149k and spending of $2.4m, spending 1625% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.4m to $149k (-97%), an average of -59% a year. The sharpest change came in the year to June 2021, when income rose by 138%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Basecamp305 Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Charity Foundation for African Catholic Mission ($149k), Shakespearience ($149k) and Columbia County Public Schools Foundation Inc ($149k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 340% of the total. Other salaries and wages came to $844k. At year end it held assets of $11.1m against liabilities of $7,819, net assets of $11.1m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.