BGCCF NMTC Inc

Analysis

BGCCF NMTC Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, BGCCF NMTC Inc reported income of $195k and spending of $566k, spending 290% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $19k to $195k (+951%), an average of +119% a year. The sharpest change came in the year to June 2021, when income rose by 1981%. Over the whole period it spent 596% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, BGCCF NMTC Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Checkers Charitable Foundation ($195k), Raba Kistner Charitable Foundation ($195k) and Massillon Post 221 Charities Inc ($195k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. At year end it held assets of $14.1m against liabilities of $12.2m, net assets of $1.9m.

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.