B1 Foundation

Analysis

B1 Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, 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, B1 Foundation reported income of $106k and spending of $62k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $223k to $106k (-53%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, B1 Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Gems Development Foundation ($106k), Colleyville Lions Club Foundation Inc ($106k) and Global Community Outreach ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.