Advance Bristol Foundation

Analysis

Advance Bristol Foundation is a registered charity in United States, based in Bristol, TN. It received its IRS tax-exemption ruling in August 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 (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, Advance Bristol Foundation reported income of $71k and spending of $88k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $71k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advance Bristol Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within TN. Charities of a similar size with the same main cause include Columbia Hebrew Benevolent Society ($71k), Wonder Spelen ($71k) and Renewport Inc ($71k).

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 $10k against liabilities of $0, net assets of $10k.