Is Bondi Foundation Inc Legit?

Spending Breakdown

How Bondi Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Bondi Foundation Inc

Is Bondi Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bondi Foundation Inc (EIN: 134015931) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Bondi Foundation Inc a good charity to donate to?

Bondi Foundation Inc has a Mission Score of 90/100. Revenue: $1.0M. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bondi Foundation Inc?

The Employer Identification Number (EIN) for Bondi Foundation Inc is 134015931. 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 Bondi Foundation Inc spend its money?

Bondi Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bondi Foundation Inc's tax-exempt status?

You can verify Bondi Foundation Inc's tax-exempt status using EIN 134015931 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

Bondi Foundation Inc demonstrates a generally stable financial position with consistent asset levels over the past decade, currently holding $7,583,292 as of the 202312 period. The organization has shown growth in revenue in recent years, with $1,516,182 in 2023, a significant increase from $667,981 in 2021. Expenses have also increased, reaching $1,350,716 in 2023, indicating an expansion of activities. The foundation consistently reports zero officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency appears reasonable, with expenses generally tracking below revenue in most recent periods, allowing for some accumulation of net assets. For instance, in 2023, expenses were $1,350,716 against revenues of $1,516,182. The consistent reporting of minimal liabilities ($1 in recent years) suggests sound financial management and low financial risk. The absence of officer compensation further enhances its transparency profile, as it implies that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence.

Overall, Bondi Foundation Inc appears to be a financially healthy and transparent organization. Its consistent asset base, recent revenue growth, and prudent expense management, coupled with zero reported officer compensation, paint a picture of a well-managed entity focused on its programmatic goals. The long history of filings further adds to its credibility and transparency.

Verdict: Bondi Foundation Inc appears trustworthy

Strengths