Bonifacio Place Inc

Analysis

Bonifacio Place Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1999, 27 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 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, Bonifacio Place Inc reported income of $181k and spending of $258k, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $152k to $181k (+19%), an average of +4.4% a year. Over the whole period it spent 138% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bonifacio Place Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Premier America Foundation ($180k), Prism ($181k) and Hadrat David Inc ($180k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.2m against liabilities of $1.6m, net assets of -$395k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.