Boc Capital Corp
Boc Capital Corp maintains a strong asset base and consistent revenue surplus, with no reported officer compensation.
EIN: 113596666 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $34 |
| Net Assets | $16.1M |
| Transparency Score | 75/100 |
Is Boc Capital Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boc Capital Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boc Capital Corp
Boc Capital Corp (EIN: 113596666) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $5.3M and total assets of $34.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boc Capital Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boc Capital Corp is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $29.1M |
| Total Liabilities | $13.0M |
| Net Assets | $16.1M |
| Operating Margin | 31.7% |
| Debt-to-Asset Ratio | 44.6% |
| Months of Reserves | 100.2 months |
Financial Health Grade: A
In 2023, Boc Capital Corp reported a surplus of $1.6M with revenue exceeding expenses, holds 100.2 months of operating reserves (strong position), has a debt-to-asset ratio of 44.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boc Capital Corp's revenue has grown at a compound annual growth rate (CAGR) of 21.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.3% | +20.7% | -14.6% |
| 2022 | -17.0% | -34.9% | -40.9% |
| 2021 | +173.2% | +176.6% | +182.3% |
| 2020 | +125.3% | +19.1% | +80.4% |
| 2019 | +15.2% | +24.5% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boc Capital Corp with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Boc Capital Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.6%.
Executive Compensation Analysis
Boc Capital Corp consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets exceeding $34 million. This suggests either a fully volunteer executive team or that executive compensation is categorized differently, which could be a point of concern for transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Boc Capital Corp's IRS 990 filings:
- No reported officer compensation across all filings, which is unusual for an organization of this scale and could indicate a lack of transparency in executive compensation reporting.
- Significant fluctuations in revenue and liabilities without further context could indicate reliance on volatile funding sources or complex financial instruments.
Strengths
The following positive indicators were identified for Boc Capital Corp:
- Consistent revenue surplus, with expenses always lower than revenue, indicating financial stability and good management.
- Strong asset base, consistently exceeding liabilities, demonstrating a healthy balance sheet (e.g., $34.2 million in assets vs. $19.6 million in liabilities in 2022).
- Growth in assets over the long term, from $5.09 million in 2014 to $34.23 million currently, indicating successful capital accumulation.
Frequently Asked Questions about Boc Capital Corp
Is Boc Capital Corp a legitimate charity?
Boc Capital Corp (EIN: 113596666) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Boc Capital Corp spend its money?
Boc Capital Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Boc Capital Corp tax-deductible?
Boc Capital Corp is registered as a tax-exempt nonprofit (EIN: 113596666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boc Capital Corp CEO make?
Boc Capital Corp's highest-compensated officer earns $34 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Boc Capital Corp's spending goes to programs?
Boc Capital Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Boc Capital Corp located?
Boc Capital Corp is headquartered in Brooklyn, New York and files with the IRS under EIN 113596666.
How many years of IRS 990 filings does Boc Capital Corp have?
Boc Capital Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.3M in total revenue.
Is Boc Capital Corp a good charity?
Based on the available data, Boc Capital Corp appears to be a financially sound organization with a strong asset base and a consistent surplus of revenue over expenses. The lack of reported officer compensation is a notable point, which could be viewed positively for efficiency or raise questions about compensation transparency depending on the full context of their financial reporting.
What is the reason for the significant fluctuation in revenue, such as the peak of $9.08 million in 2021 and subsequent decrease?
The provided data does not specify the reasons for revenue fluctuations. This could be due to varying grant cycles, loan repayment schedules, or changes in funding opportunities, which is common for organizations involved in capital deployment.
How does Boc Capital Corp manage its liabilities, which have also shown significant fluctuation?
Liabilities have fluctuated, reaching a high of $47.89 million in 2021 and decreasing to $12.99 million in 2023. This suggests active management of debt or other obligations, likely tied to their lending activities and asset base.
Filing History
IRS 990 filing history for Boc Capital Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boc Capital Corp's revenue has grown by 945.9%, moving from $488K to $5.1M. Total assets increased by 1048.5% over the same period, from $2.5M to $29.1M. Total functional expenses rose by 624.1%, from $482K to $3.5M. In its most recent filing year (2023), Boc Capital Corp reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $13.0M in liabilities against $29.1M in assets (debt-to-asset ratio: 44.6%), resulting in net assets of $16.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $3.5M | $29.1M | $13.0M | — | View 990 |
| 2022 | $7.5M | $2.9M | $34.1M | $19.6M | — | View 990 |
| 2021 | $9.1M | $4.4M | $57.8M | $47.9M | — | View 990 |
| 2020 | $3.3M | $1.6M | $20.5M | $15.2M | — | View 990 |
| 2019 | $1.5M | $1.3M | $11.3M | $7.8M | — | View 990 |
| 2018 | $1.3M | $1.1M | $9.0M | $5.6M | — | View 990 |
| 2017 | $1.1M | $1.0M | $6.9M | $3.8M | — | View 990 |
| 2016 | $1.2M | $908K | $6.6M | $3.6M | — | View 990 |
| 2015 | $1.4M | $997K | $6.9M | $4.1M | — | View 990 |
| 2014 | $1.7M | $753K | $5.1M | $2.8M | — | View 990 |
| 2013 | $571K | $638K | $3.8M | $2.5M | — | View 990 |
| 2012 | $1.1M | $628K | $3.6M | $2.2M | — | View 990 |
| 2011 | $488K | $482K | $2.5M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $3.5M, and assets of $29.1M (revenue -32.3% year-over-year).
- 2022: Revenue of $7.5M, expenses of $2.9M, and assets of $34.1M (revenue -17.0% year-over-year).
- 2021: Revenue of $9.1M, expenses of $4.4M, and assets of $57.8M (revenue +173.2% year-over-year).
- 2020: Revenue of $3.3M, expenses of $1.6M, and assets of $20.5M (revenue +125.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.3M, and assets of $11.3M (revenue +15.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.1M, and assets of $9.0M (revenue +13.2% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $6.9M (revenue -9.4% year-over-year).
- 2016: Revenue of $1.2M, expenses of $908K, and assets of $6.6M (revenue -11.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $997K, and assets of $6.9M (revenue -18.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $753K, and assets of $5.1M (revenue +204.7% year-over-year).
- 2013: Revenue of $571K, expenses of $638K, and assets of $3.8M (revenue -50.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $628K, and assets of $3.6M (revenue +134.5% year-over-year).
- 2011: Revenue of $488K, expenses of $482K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boc Capital Corp:
Data Sources and Methodology
This transparency report for Boc Capital Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.