Next Generation Bulgaria Fund

Analysis

Next Generation Bulgaria Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Next Generation Bulgaria Fund reported income of $113k and spending of $82k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $113k (+6.1%), an average of +6.1% a year. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Next Generation Bulgaria Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Equity in the Arts Fund ($113k), Bellaire Southwest Houston Rotary Foundation Inc ($114k) and Gift USA Foundation Inc ($113k).

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 $122k against liabilities of $0, net assets of $122k.