Belgian American Educational Foundation Inc

Analysis

Belgian American Educational Foundation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 1942, 84 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 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 August 2023, Belgian American Educational Foundation Inc reported income of $9.9m and spending of $5.1m, leaving 49% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $13.2m to $9.9m (-25%), an average of -6.9% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 36% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Belgian American Educational Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include World Pediatrics ($9.9m), American Committee for Tel Aviv FDN Inc ($9.9m) and Advocates for World Health Inc ($9.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 1.4% of the total. Other salaries and wages came to $139k. At year end it held assets of $186.6m against liabilities of $754k, net assets of $185.9m.