American Contract Bridge League Educational Foundation

Analysis

American Contract Bridge League Educational Foundation is a registered charity in United States, based in Horn Lake, MS. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 2022, American Contract Bridge League Educational Foundation reported income of $444k and spending of $513k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $444k (-71%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Contract Bridge League Educational Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within MS. Charities of a similar size with the same main cause include Big Brothers and Big Sisters of Washington County Inc ($444k), Union of the Vietnamese Student Assoc Southern California ($444k) and Vna Careplus ($444k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 127% of the total. Compensation of current officers, directors and key employees was $133k (26% of expenses). At year end it held assets of $2.2m against liabilities of $200k, net assets of $2.0m. It reported 2 employees.