Bulgarian Cultural and Heritage Center of Seattle

Analysis

Bulgarian Cultural and Heritage Center of Seattle is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in July 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bulgarian Cultural and Heritage Center of Seattle reported income of $75k and spending of $77k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $28k to $75k (+170%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 166%. Over the whole period it spent 99% 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 Cultural and Heritage Center of Seattle sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 24th percentile within WA. Charities of a similar size with the same main cause include Celina Area Heritage Association ($75k), Northwest Sacred Music Chorale Inc ($75k) and Exploring Solutions Past the Maya Forest Alliance ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.