Biz Net Cares Foundation

Analysis

Biz Net Cares Foundation is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Biz Net Cares Foundation reported income of $97k and spending of $98k, spending 101% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $2,950 to $97k (+3174%), an average of +3174% a year. The sharpest change came in the year to December 2022, when income rose by 3174%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Biz Net Cares Foundation sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Skanner Foundation ($97k), Silverdale Rotary Club Foundation ($97k) and Long Beach Organic Inc ($97k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1,271 against liabilities of $0, net assets of $1,271.