Is Broometime Foundation Legit?

Quick charity verification for Broometime Foundation (EIN: 205819916)

Verdict: Broometime Foundation appears trustworthy

75/100Mission Score
$1KRevenue
$14KAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

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

90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Broometime Foundation

Is Broometime Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Broometime Foundation (EIN: 205819916) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Broometime Foundation a good charity to donate to?

Broometime Foundation has a Mission Score of 75/100. Revenue: $1K. Assets: $14K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Broometime Foundation?

The Employer Identification Number (EIN) for Broometime Foundation is 205819916. 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 Broometime Foundation spend its money?

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

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

You can verify Broometime Foundation's tax-exempt status using EIN 205819916 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

Broometime Foundation appears to be a very small, volunteer-run organization with minimal financial activity. Its revenue has fluctuated significantly over the past decade, ranging from a low of $168 in 2022 to a high of $6,166 in 2012. The organization consistently reports very low expenses, often below $1,000, with the exception of 2022 where expenses were $4,518 against only $168 in revenue, indicating a significant deficit that year. Assets have shown a gradual increase over time, from $8,270 in 2011 to $13,979 currently, while liabilities consistently remain at a nominal $1, suggesting strong financial solvency in terms of debt. Spending efficiency is difficult to fully assess without a detailed breakdown of expenses, but the consistently low overall expenses suggest a lean operation. The absence of officer compensation across all reported periods indicates a volunteer-led structure, which is a positive sign for minimizing administrative overhead. However, the extremely small scale of operations and revenue makes it challenging to determine the actual impact or reach of its programs. Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of $0 officer compensation enhances trust. However, the lack of detailed expense categories in the provided data limits a deeper analysis of how funds are allocated between programs, administration, and fundraising. Given its size, it's likely that most expenses are directly program-related or minimal administrative costs.

View Full Transparency Report →

Disclaimer

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

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