Quick charity verification for William C Bullock Jr Family Foundation (EIN: 16080947)
Verdict: William C Bullock Jr Family Foundation has notable concerns
20/100Mission Score
$11KRevenue
$1Assets
4Red Flags
1Strengths
Red Flags
Consistent negative net revenue across multiple filing periods (e.g., $-24,564 in 201904).
Expenses consistently exceeding revenue (e.g., $79,261 expenses vs. $-24,564 revenue in 201904).
Significant decline in assets from $345,149 in 201204 to $1 in the latest reported data.
Latest reported assets of only $1, indicating potential insolvency or cessation of significant operations.
Strengths
No officer compensation reported, indicating that executive salaries are not a drain on resources.
Spending Breakdown
How William C Bullock Jr Family Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 William C Bullock Jr Family Foundation
Is William C Bullock Jr Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William C Bullock Jr Family Foundation (EIN: 16080947) has notable concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
Is William C Bullock Jr Family Foundation a good charity to donate to?
William C Bullock Jr Family Foundation has a Mission Score of 20/100. Revenue: $11K. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William C Bullock Jr Family Foundation?
The Employer Identification Number (EIN) for William C Bullock Jr Family Foundation is 16080947. 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 William C Bullock Jr Family Foundation spend its money?
William C Bullock Jr Family Foundation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William C Bullock Jr Family Foundation's tax-exempt status?
You can verify William C Bullock Jr Family Foundation's tax-exempt status using EIN 16080947 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 William C Bullock Jr Family Foundation exhibits concerning financial health based on its IRS 990 filings. The organization has consistently reported negative net revenue in recent years, with the latest period (201904) showing a substantial negative revenue of $-24,564 against expenses of $79,261. This trend of expenses significantly exceeding revenue is evident across multiple periods, indicating an unsustainable financial model. The foundation's assets have also seen a significant decline from $345,149 in 201204 to $320,355 in 201904, and the latest provided data shows assets at a mere $1, which is a critical red flag for its long-term viability.
Spending efficiency is difficult to assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent deficit spending suggests that the organization is not efficiently managing its resources relative to its income. The lack of officer compensation reported across all periods indicates that executive costs are not a drain on resources, but it doesn't mitigate the overall financial instability. Transparency is moderate, as the organization files its 990s, but the provided data lacks the granular detail needed for a full spending efficiency analysis.