American Foundation for Bulgaria Inc

Analysis

American Foundation for Bulgaria Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, American Foundation for Bulgaria Inc reported income of $726k and spending of $793k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $637k to $726k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Foundation for Bulgaria Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Peninsula Library & Historical Society ($726k), Nassau Community College Foundation Inc ($726k) and Rose Hall ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $35k (4.4% of expenses). Other salaries and wages came to $17k. At year end it held assets of $1.9m against liabilities of $7,315, net assets of $1.9m.

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.