American Foundation For Bulgaria Inc
American Foundation For Bulgaria Inc. shows consistent deficit spending and declining assets, but zero executive compensation.
EIN: 200361839 · Boston, MA · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $888K |
| Total Expenses | $793K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.9M |
| Transparency Score | 85/100 |
Is American Foundation For Bulgaria Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Foundation For Bulgaria Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Foundation For Bulgaria Inc
American Foundation For Bulgaria Inc (EIN: 200361839) is a nonprofit organization based in Boston, MA, classified under NTEE code B90. The organization reported total revenue of $888K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Foundation For Bulgaria Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Foundation For Bulgaria Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $726K |
| Total Expenses | $793K |
| Surplus / Deficit | $-67,235 |
| Total Assets | $1.9M |
| Total Liabilities | $7K |
| Net Assets | $1.9M |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 28.3 months |
Financial Health Grade: B
In 2023, American Foundation For Bulgaria Inc reported a deficit of $67K with expenses exceeding revenue, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), American Foundation For Bulgaria Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.8% | +23.5% | -3.5% |
| 2022 | -1.1% | -3.5% | -4.3% |
| 2021 | +6.5% | +12.5% | -4.9% |
| 2020 | -17.3% | -28.7% | -2.9% |
| 2019 | -25.2% | -8.4% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Foundation For Bulgaria Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, American Foundation For Bulgaria Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with annual revenues approaching $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Foundation For Bulgaria Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $793,089 expenses vs. $725,854 revenue in 2023.
- Declining net assets over the past several years, from $2,506,847 in 2015 to $1,870,325 in 2023.
Strengths
The following positive indicators were identified for American Foundation For Bulgaria Inc:
- Zero reported officer compensation across all filings, indicating volunteer leadership and high efficiency in executive costs.
- Consistent filing of IRS 990 forms, demonstrating strong transparency.
- Maintains a substantial asset base ($1,816,066 latest reported) despite recent deficits.
Frequently Asked Questions about American Foundation For Bulgaria Inc
Is American Foundation For Bulgaria Inc a legitimate charity?
American Foundation For Bulgaria Inc (EIN: 200361839) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $888K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does American Foundation For Bulgaria Inc spend its money?
American Foundation For Bulgaria Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to American Foundation For Bulgaria Inc tax-deductible?
American Foundation For Bulgaria Inc is registered as a tax-exempt nonprofit (EIN: 200361839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Foundation For Bulgaria Inc CEO make?
American Foundation For Bulgaria Inc's highest-compensated officer earns $1 annually. The organization reported $888K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Foundation For Bulgaria Inc's spending goes to programs?
American Foundation For Bulgaria Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Foundation For Bulgaria Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), American Foundation For Bulgaria Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Foundation For Bulgaria Inc located?
American Foundation For Bulgaria Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 200361839. It is classified under NTEE code B90.
How many years of IRS 990 filings does American Foundation For Bulgaria Inc have?
American Foundation For Bulgaria Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $888K in total revenue.
Is American Foundation For Bulgaria Inc. financially sustainable given its trend of deficit spending?
The organization has consistently spent more than it earned in most recent years, leading to a decline in assets from $2,506,847 in 2015 to $1,870,325 in 2023. While current assets are still substantial, this trend is not sustainable long-term without increased revenue or reduced expenses.
What is the impact of zero officer compensation on the organization's efficiency?
Zero officer compensation is a significant strength, indicating that all leadership is volunteer-based. This directly contributes to higher spending efficiency by minimizing overhead costs associated with executive salaries, allowing more funds to be directed towards programs.
How has the organization's asset base changed over time?
The organization's assets have steadily declined from a peak of $2,506,847 in 2015 to $1,870,325 in 2023, reflecting the consistent trend of expenses exceeding revenues.
Filing History
IRS 990 filing history for American Foundation For Bulgaria Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), American Foundation For Bulgaria Inc's revenue has declined by 9.1%, moving from $799K to $726K. Total assets decreased by 43.3% over the same period, from $3.3M to $1.9M. Total functional expenses rose by 7.5%, from $738K to $793K. In its most recent filing year (2023), American Foundation For Bulgaria Inc reported a deficit of $67K, with expenses exceeding revenue. The organization holds $7K in liabilities against $1.9M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $726K | $793K | $1.9M | $7K | — | — |
| 2022 | $555K | $642K | $1.9M | $7K | — | View 990 |
| 2021 | $561K | $665K | $2.0M | $7K | — | View 990 |
| 2020 | $527K | $591K | $2.1M | $7K | — | View 990 |
| 2019 | $637K | $829K | $2.2M | $7K | — | View 990 |
| 2018 | $852K | $905K | $2.4M | $7K | — | View 990 |
| 2017 | $736K | $770K | $2.4M | $7K | — | View 990 |
| 2016 | $811K | $852K | $2.5M | $3K | — | View 990 |
| 2015 | $835K | $775K | $2.5M | $2K | — | View 990 |
| 2014 | $693K | $890K | $2.4M | $0 | — | View 990 |
| 2013 | $475K | $765K | $2.6M | $0 | — | View 990 |
| 2012 | $506K | $735K | $2.9M | $13K | — | View 990 |
| 2011 | $567K | $697K | $3.2M | $19K | — | View 990 |
| 2010 | $799K | $738K | $3.3M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $726K, expenses of $793K, and assets of $1.9M (revenue +30.8% year-over-year).
- 2022: Revenue of $555K, expenses of $642K, and assets of $1.9M (revenue -1.1% year-over-year).
- 2021: Revenue of $561K, expenses of $665K, and assets of $2.0M (revenue +6.5% year-over-year).
- 2020: Revenue of $527K, expenses of $591K, and assets of $2.1M (revenue -17.3% year-over-year).
- 2019: Revenue of $637K, expenses of $829K, and assets of $2.2M (revenue -25.2% year-over-year).
- 2018: Revenue of $852K, expenses of $905K, and assets of $2.4M (revenue +15.7% year-over-year).
- 2017: Revenue of $736K, expenses of $770K, and assets of $2.4M (revenue -9.2% year-over-year).
- 2016: Revenue of $811K, expenses of $852K, and assets of $2.5M (revenue -2.9% year-over-year).
- 2015: Revenue of $835K, expenses of $775K, and assets of $2.5M (revenue +20.4% year-over-year).
- 2014: Revenue of $693K, expenses of $890K, and assets of $2.4M (revenue +45.9% year-over-year).
- 2013: Revenue of $475K, expenses of $765K, and assets of $2.6M (revenue -6.0% year-over-year).
- 2012: Revenue of $506K, expenses of $735K, and assets of $2.9M (revenue -10.8% year-over-year).
- 2011: Revenue of $567K, expenses of $697K, and assets of $3.2M (revenue -29.0% year-over-year).
- 2010: Revenue of $799K, expenses of $738K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Foundation For Bulgaria Inc:
Data Sources and Methodology
This transparency report for American Foundation For Bulgaria Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.