Bulgarian Education Center Co

Analysis

Bulgarian Education Center Co is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Bulgarian Education Center Co reported income of $63k and spending of $67k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $59k to $63k (+6.9%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bulgarian Education Center Co sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($63k), Auburndale Senior High School Band Patrons ($63k) and Villa Park High School March N Spartans ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 31% of the total. At year end it held assets of $73k against liabilities of $107, net assets of $73k.