Bffoundation

Analysis

Bffoundation is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Bffoundation reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $584k to $1.6m (+175%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bffoundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within AR. Charities of a similar size with the same main cause include Dorchester Heritage Center Inc ($1.6m), Baltimore Clayworks Inc ($1.6m) and Media Alliance ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $100k (6.2% of expenses). At year end it held assets of $342k against liabilities of $42k, net assets of $300k. It reported 5 employees.