Bittersweet Foundation

Analysis

Bittersweet Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2013, 13 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, Bittersweet Foundation reported income of $50k and spending of $157k, spending 312% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $50k (-71%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bittersweet Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 10th percentile within DC. Charities of a similar size with the same main cause include Arlington Heritage Memorial Grounds Corporation ($50k), West Coast Seafaring Society ($50k) and Evergreen a Center for Balanced Living Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $36k against liabilities of $4,051, net assets of $32k.