Budgit Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MAIN ACTIVITY OF THE ORGANIZATION WILL BE TO USE CREATIVE TECHNOLOGY TO SIMPLIFY PUBLIC INFORMATION, STIMULATING A COMMUNITY OF ACTIVE CITIZENS AND ENABLING THEIR RIGHT TO DEMAND ACCOUNTABILITY, INSTITUTIONAL REFORMS, EFFICIENT SERVICE DELIVERY AND EQUITABLE SOCIETY. ADDITIONALLY, THE ORGANIZATION WILL OFFER BUDGET ACCESS WITH IMPACT ANALYSIS FOR MARGINALIZED PERSONS, CIVIC TECHNOLOGY, POLICY ANALYSIS, BUDGET SIMPLIFICATION, AND ARTIFICIAL INTELLIGENCE FOR GOOD.
- Income
- $659,802
- Spending
- $753,225
- Spent on programs
- 100%
- Reserves
- 3.4 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 1
- Highest pay
- $294,072, president/ce
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 59 out of 100. Higher than 27% of charities in its peer group (human services, $250k to $1m).
Reserves
20 of 35Spendable reserves would cover 3.4 months of spending.
Debt
5 of 20It owes 52% of what it owns.
Living within its means
4 of 15Spending exceeded income by 14% of income.
Income trend
15 of 15Income rose 5% on the year before.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 56 out of 100. Higher than 26% of charities in its peer group (human services, $250k to $1m).
Independent board
5 of 251 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $753,225 spent. DELIVERY OF AN INTERACTIVE ENGINE TO VISUALIZE THE BUDGETS BY CITIZENS, SUPPORT FOR ACCESS TO PUBLIC BUDGETS IN SENEGAL AND GHANA AS SUPPORTED BY THE HEWLETT FOUNDATION, REDESIGN OF CURRENT WEBSITE FOR CHICAGO BUDGET ANALYSIS AND VISUALIZATION. THESE ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS, VOLUNTEERS, AND ANY PAID PROFESSIONALS THAT THE ORGANIZATION CHOOSES TO HIRE. THE ACTIVITIES WILL BE HEADQUARTERED IN WASHINGTON D.C, THOUGH WE HOPE TO HAVE A NATIONAL REACH. THE ORGANIZATION ALLOCATES 60% OF ITS TOTAL TIME TO ITS PROGRAMMATIC ACTIVITIES TOWARDS SIGNIFICANTLY EXPANDING ITS IMPACT IN WEST AFRICA, WHILE 40% WILL BE DEDICATED TO FUNDRAISING INITIATIVES. THE ACTIVITIES WILL BE FUNDED THROUGH DONATIONS, CORPORATE SPONSORS, AND GRANTS. THE ORGANIZATION WILL ALLOCATE 100% OF ITS OVERALL EXPENSES TO ITS ACTIVITIES. DELIVERY OF AN INTERACTIVE ENGINE TO VISUALIZE THE BUDGETS BY CITIZENS, SUPPORT FOR ACCESS TO PUBLIC BUDGETS IN SENEGAL AND GHANA AS SUPPORTED BY THE HEWLETT FOUNDATION, REDESIGN OF CURRENT WEBSITE FOR CHICAGO BUDGET ANALYSIS AND VISUALIZATION. THESE ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS, VOLUNTEERS, AND ANY PAID PROFESSIONALS THAT THE ORGANIZATION CHOOSES TO HIRE. THE ACTIVITIES WILL BE HEADQUARTERED IN WASHINGTON D.C, THOUGH WE HOPE TO HAVE A NATIONAL REACH. THE ORGANIZATION ALLOCATES 60% OF ITS TOTAL TIME TO ITS PROGRAMMATIC ACTIVITIES TOWARDS SIGNIFICANTLY EXPANDING ITS IMPACT IN WEST AFRICA, WHILE 40% WILL BE DEDICATED TO FUNDRAISING INITIATIVES. THE ACTIVITIES WILL BE FUNDED THROUGH DONATIONS, CORPORATE SPONSORS, AND GRANTS. THE ORGANIZATION WILL ALLOCATE 100% OF ITS OVERALL EXPENSES TO ITS ACTIVITIES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.