Drs Bruce & Lee Foundation
Only null% goes to programs Strong reserves Declining revenue
Drs Bruce & Lee Foundation is a 501(c)(3) organization based in Florence, South Carolina, registered in 2001, with $9,038,096 in FY2024 revenue. CharityIndex grades it C+.
201 S Dargan St, Florence, SC, 29506 EIN 57-0902483 Since 2001
Revenue (FY2024)
$9.0M
▲ 38.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$7.6M
Net assets
$253.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Drs Bruce & Lee Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating400 mo reserves · +16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Drs Bruce & Lee Foundation: 400 mo reserves · +16% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Drs Bruce & Lee Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Drs Bruce & Lee Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 201 S Dargan St, Florence, SC, 29506
- City
- Florence
- State
- South Carolina
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $7.7M (FY2017) to $9.0M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9MNet assets $253.5M
Operating margin
15.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$255.4M
Total liabilities
$1.9M
Net assets
$253.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,038,096▲38.8% | $7,610,943▲40.0% | $253,512,869▲9.8% | $255,368,624▲8.4% | 990PF |
| 2023 | $6,512,367▼10.2% | $5,434,768▼15.0% | $230,803,147▲12.1% | $235,595,853▲11.0% | 990PF |
| 2022 | $7,254,737▼42.2% | $6,394,454▼62.7% | $205,798,947▼15.1% | $212,301,887▼16.4% | 990PF |
| 2021 | $12,559,871▲415% | $17,150,155▲538% | $242,543,439▲8.8% | $254,078,574▲12.8% | 990PF |
| 2020 | $2,437,974▼77.3% | $2,689,489▼5.9% | $222,898,455▲6.5% | $225,199,453▲5.8% | 990PF |
| 2019 | $10,728,636▲25.5% | $2,858,033▼44.8% | $209,283,003▲17.7% | $212,773,046▲15.6% | 990PF |
| 2018 | $8,545,377▲10.7% | $5,173,657▲0.2% | $177,797,448▼7.8% | $184,075,755▼8.0% | 990PF |
| 2017 | $7,720,151 | $5,163,159 | $192,809,820 | $200,024,238 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Drs Bruce & Lee Foundation a legitimate nonprofit?
- Yes. Drs Bruce & Lee Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-0902483, based in Florence, South Carolina. Donations are tax-deductible.
- What is Drs Bruce & Lee Foundation's EIN?
- Drs Bruce & Lee Foundation's Employer Identification Number (EIN) is 57-0902483.
- How much revenue does Drs Bruce & Lee Foundation report?
- Drs Bruce & Lee Foundation reported $9,038,096 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Drs Bruce & Lee Foundation have?
- CharityIndex grades Drs Bruce & Lee Foundation C+, based on financial health (reserves and operating margin).
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Data for Drs Bruce & Lee Foundation (EIN 57-0902483) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.