Bulgaria Innovation Hub Inc

Analysis

Bulgaria Innovation Hub Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Bulgaria Innovation Hub Inc reported income of $267k and spending of $288k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $320k to $267k (-16%), an average of -8.6% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bulgaria Innovation Hub Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Greater Laporte Economic Development Corporation ($267k), Southeast Texas Economic Development Foundation Inc ($267k) and Junior League of Alexandria Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $150k (52% of expenses). At year end it held assets of $24k against liabilities of $60k, net assets of -$35k. It reported 1 employees.