Bulgarian Cultural Club in Seattle Wa

Analysis

Bulgarian Cultural Club in Seattle Wa is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Bulgarian Cultural Club in Seattle Wa reported income of $81k and spending of $83k, spending 103% of its income. Across the 4 years on record, from August 2021 to August 2024, income grew from $47k to $81k (+72%), an average of +20% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bulgarian Cultural Club in Seattle Wa sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Farragut Middle School PTO ($81k), Linda Lorelle Scholarship Fund Inc ($81k) and Dry Scrubber Users Association Inc ($81k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 10% and program service revenue 24% of the total. At year end it held assets of $4,975 against liabilities of $0, net assets of $4,975.

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.