Bruce Lee Foundation Inc

Analysis

Bruce Lee Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bruce Lee Foundation Inc reported income of $149k and spending of $167k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $250k to $149k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bruce Lee Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Iwo Jima Association of America Inc ($149k), Front and Centre Productions Inc ($149k) and Beacon Arts ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 162% of the total. Compensation of current officers, directors and key employees was $93k (56% of expenses). At year end it held assets of $215k against liabilities of $1,323, net assets of $214k. It reported 1 employees.