Big East Conference Inc

Analysis

Big East Conference Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Big East Conference Inc reported income of $87.2m and spending of $82.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.9m to $87.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Big East Conference Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include The James Family Charitable Trust ($86.7m), Ray Dolby Legacy Fund ($87.7m) and Community Foundation of North Texas ($86.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.5m (3.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $31.0m against liabilities of $9.3m, net assets of $21.7m. It reported 28 employees.