American University in Bulgaria

Analysis

American University in Bulgaria is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American University in Bulgaria reported income of $2.8m and spending of $3.1m, spending 111% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.8m (+144%), an average of +35% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 158% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American University in Bulgaria sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include Project Dynamo Inc ($2.8m), Junior Achievement USA ($2.8m) and Mission Lazarus ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $1.1m (37% of expenses). At year end it held assets of $33.1m against liabilities of $26k, net assets of $33.1m. It reported 25 employees.

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.