Is Benevolence Industries Incorporated Legit?

Quick charity verification for Benevolence Industries Incorporated (EIN: 203344362)

Verdict: Benevolence Industries Incorporated appears trustworthy

85/100Mission Score

$15.0MRevenue

$10.9MAssets

1Red Flags

3Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure actual executive remuneration if categorized elsewhere.

Strengths

Strong and consistent revenue growth, from $4.6M in 2014 to $18.4M in 2023.
Significant asset accumulation, growing from $1.6M in 2014 to $10.5M in 2023, indicating robust financial health.
Positive net assets and effective expense management, with 2023 revenue ($18.4M) exceeding expenses ($14.9M).

Spending Breakdown

How Benevolence Industries Incorporated allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Benevolence Industries Incorporated

Is Benevolence Industries Incorporated a legitimate charity?

Based on AI analysis of IRS 990 filings, Benevolence Industries Incorporated (EIN: 203344362) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.

Is Benevolence Industries Incorporated a good charity to donate to?

Benevolence Industries Incorporated has a Mission Score of 85/100. Revenue: $15.0M. Assets: $10.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Benevolence Industries Incorporated?

The Employer Identification Number (EIN) for Benevolence Industries Incorporated is 203344362. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Benevolence Industries Incorporated spend its money?

Benevolence Industries Incorporated allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Benevolence Industries Incorporated's tax-exempt status?

You can verify Benevolence Industries Incorporated's tax-exempt status using EIN 203344362 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Benevolence Industries Incorporated demonstrates a generally stable financial trajectory with consistent revenue growth over the past decade, reaching $18,466,985 in 2023. The organization appears to manage its expenses effectively, with expenses in 2023 at $14,952,544, well below revenue, contributing to an increase in net assets. Its asset base has also shown healthy growth, from $1,624,615 in 2014 to $10,515,845 in 2023, indicating sound financial management and capacity building.

The organization's transparency is commendable regarding executive compensation, as all filings consistently report 0% officer compensation. This suggests that the organization's leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor trust. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The consistent growth in assets and revenue, coupled with no reported officer compensation, points towards a financially healthy and potentially efficient operation.

While the overall financial health appears robust, a deeper dive into the functional expense breakdown would provide more clarity on spending efficiency. The consistent increase in assets and revenue, particularly the significant jump in revenue from $14,803,866 in 2022 to $18,466,985 in 2023, suggests strong fundraising or program delivery capabilities. The organization's ability to maintain positive net assets, even during periods where expenses briefly exceeded revenue (e.g., 2020 and 2021), indicates resilience.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.