Bulgarian-American Society Inc

Analysis

Bulgarian-American Society Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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-American Society Inc reported income of $166k and spending of $208k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $166k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bulgarian-American Society Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Winters Child Development Center Inc ($166k), Peninsula Poverty Response PPR ($166k) and Silverton Area Seniors Inc ($166k).

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 $42k against liabilities of $0, net assets of $42k.