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Why is there a difference between cTotRev and INCOME on a Business Master File (BMF)?


There are at least three reasons: 

  1. A Core file will be limited to 4 fiscal years or 3 starting years (e.g., a 2009 fiscal year ending June 30 2009 fiscal year started on July 1 2008), while the BMF has no such limitation. See tabs below.
  2. The BMF files are updated monthly while the Core files are produced once a year. The 2009 file, for example, includes the latest returns received up through Oct or Nov of 2010.
  3. INCOME  on the BMF is actually Gross Receipts, not Total Revenue.  For most organizations, the two will be the same, but Gross Receipts includes the gross amount of special events, sales of securities, sales of goods, etc. so an organization could report, say, $10,000 in gross receipts from a fundraiser yet $0 toward Total Revenue if it spent $10,000 on food and other costs (the net = 0).

CORE 2009 FISCAL YEARS:

 

Start of Fiscal Year

count(*)

2007

30,684

2008

146,674

2009

191,458

CORE 2009 FISCAL YEARS:

 

fisyr

count(*)

2007

16,411

2008

50,389

2009

256,604

2010

45,412

DISTRIBUTION OF FISCAL YEARS IN 11/2011 BMF (includes private foundations and public charities):

 

Fiscal Year

count(*)

-

269,734

1979

1

1983

4

1984

1

1987

2

1988

3

1989

3

1990

3

1991

3

1992

9

1993

10

1994

19

1995

57

1996

137

1997

139

1998

164

1999

150

2000

200

2001

231

2002

293

2003

446

2004

425

2005

865

2006

1,868

2007

18,729

2008

26,092

2009

150,933

2010

538,574

2011

60,050

Additional technical specs:http://nccsweb.urban.org/knowledgebase/detail.php?linkID=750&category=83


Added 12/27/2011 by tpollak, Modified 12/27/2011 by jdurnford

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