Bizworld Foundation

Analysis

Bizworld Foundation is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in February 1998, 28 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 August 2023, Bizworld Foundation reported income of $621k and spending of $678k, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $432k to $621k (+44%), an average of +9.5% a year. The sharpest change came in the year to August 2022, when income rose by 103%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bizworld Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Emerging Markets Investors Alliance Inc ($621k), Gahanna Lincoln Athletic Boosters Inc ($621k) and Friends of Hoboken Dual Language Charter School Inc ($621k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $100k (15% of expenses). Other salaries and wages came to $223k. At year end it held assets of $731k against liabilities of $8,287, net assets of $723k. It reported 5 employees.