Is Bonney Family Foundation Inc Legit? —…

Spending Breakdown

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

90%

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 Bonney Family Foundation Inc

Is Bonney Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bonney Family Foundation Inc (EIN: 10568837) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Bonney Family Foundation Inc a good charity to donate to?

Bonney Family Foundation Inc has a Mission Score of 85/100. Revenue: $6.1M. Assets: $16.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bonney Family Foundation Inc?

The Employer Identification Number (EIN) for Bonney Family Foundation Inc is 10568837. 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 Bonney Family Foundation Inc spend its money?

Bonney Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Bonney Family Foundation Inc's tax-exempt status using EIN 10568837 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

The Bonney Family Foundation Inc. demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization has maintained a very low liability profile, consistently reporting only $1 in liabilities across all available filings, which indicates strong financial management and minimal debt burden. While revenue has fluctuated significantly over the years, from a high of $40,093,668 in 2015 to $493,274 in 2022, the foundation has managed its assets, which stood at $19,126,663 in the latest period (202312). The absence of reported officer compensation across all filings suggests a volunteer-driven or very lean administrative structure, contributing to higher potential program efficiency.

However, a notable trend is that expenses have frequently exceeded revenue in recent years. For instance, in 2023, expenses were $3,194,372 against revenues of $1,140,075, and in 2022, expenses were $3,859,130 against revenues of $493,274. This indicates the foundation is drawing down its assets to fund its activities, which is common for grant-making foundations but warrants monitoring to ensure long-term sustainability. The significant decrease in assets from a peak of $40,534,391 in 2015 to $19,126,663 in 2023 reflects this spending pattern.

Overall, the foundation appears transparent in its filings, with consistent reporting and a clear financial history. Its operational model, characterized by zero officer compensation and minimal liabilities, points to a focus on maximizing resources for its programmatic goals. The primary area for consideration is the sustainability of its spending relative to its fluctuating revenue and declining asset base.

Is Bonney Family Foundation Inc Legit?

Verdict: Bonney Family Foundation Inc appears trustworthy

Red Flags

Strengths