The Bhutan Foundation

Analysis

The Bhutan Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 June 2023, The Bhutan Foundation reported income of $5.0m and spending of $4.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Bhutan Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Cradle Society ($5.0m), Arc of Greater Prince William Insight Inc ($5.0m) and Elkhart County Youth for Christ ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $149k (3.0% of expenses). Other salaries and wages came to $454k. At year end it held assets of $6.0m against liabilities of $132k, net assets of $5.9m. It reported 7 employees.