Bgic Foundation

Analysis

Bgic Foundation is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Bgic Foundation reported income of $78k and spending of $130k, spending 167% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $30k to $78k (+163%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 330%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bgic Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within GA. Charities of a similar size with the same main cause include California Pinto Booster Club Inc ($78k), Elk Nation ($78k) and Alaska Airlines Memorial Scholarship Fund ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.