Bosnian American Association Inc

Analysis

Bosnian American Association Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Bosnian American Association Inc reported income of $299k and spending of $262k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $299k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 630%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bosnian American Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Greater Sonora Missionary Baptist Church Soaring Eagle Ministries ($299k), Lambs Tale Ministries Inc ($299k) and Nation Builders Foundation ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.