Bulgarian Traditions

Analysis

Bulgarian Traditions is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in August 2018, 8 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 Traditions reported income of $133k and spending of $119k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $133k (+6.3%), an average of +6.3% a year. Over the whole period it spent 82% 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 Traditions sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Beverly Theater Guild ($133k), Southern California Vocal Association ($133k) and Arkansas Historical Association ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 66% of the total. At year end it held assets of $154k against liabilities of $105k, net assets of $49k.