American College of Bankruptcy Foundation

Analysis

American College of Bankruptcy Foundation is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American College of Bankruptcy Foundation reported income of $821k and spending of $694k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $596k to $821k (+38%), an average of +8.3% a year. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American College of Bankruptcy Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within DE. Charities of a similar size with the same main cause include Inland Empire Electrical Training Trust ($821k), Mesivta Yeshiva of Chestnut Ridge ($821k) and Tpaa Foundation ($821k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.8m against liabilities of $40k, net assets of $2.8m.