Bulgarian Language School St Sofia NFP

Analysis

Bulgarian Language School St Sofia NFP is a registered charity in United States, based in Vernon Hills, IL. It received its IRS tax-exemption ruling in November 2009, 17 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, Bulgarian Language School St Sofia NFP reported income of $52k and spending of $52k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $52k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bulgarian Language School St Sofia NFP sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Transcultural Exchange Inc ($52k), Pearls Serenity House ($52k) and New Legacy Cultural Center Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $27k (51% of expenses). At year end it held assets of $25k against liabilities of $0, net assets of $25k.