Basic Fund

Analysis

Basic Fund is a registered charity in United States, based in Oakland, 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 June 2023, Basic Fund reported income of $8.6m and spending of $9.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $8.6m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Basic Fund sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Guilford Charter Development Inc ($8.6m), Floridamakes Inc ($8.6m) and Kaleidoscope Charter School ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $431k (4.5% of expenses). Other salaries and wages came to $583k. At year end it held assets of $23.1m against liabilities of $554k, net assets of $22.6m. It reported 16 employees.