American Contract Bridge League Charity Foundation Corp

Analysis

American Contract Bridge League Charity Foundation Corp is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Contract Bridge League Charity Foundation Corp reported income of $206k and spending of $153k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $206k (-34%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 123%. 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, American Contract Bridge League Charity Foundation Corp sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Penn-Harris-Madison Educational Foundation Inc ($206k), Crossroads Global Village US Limited ($206k) and Commonwealth Corporation Foundation ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 84% of the total. At year end it held assets of $858k against liabilities of $6,978, net assets of $851k.