Back To Basics Inc
Back To Basics Inc shows consistent growth and strong program focus, despite a recent operating deficit.
EIN: 202880950 · West Palm Bch, FL · NTEE: B122 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $605K |
| Total Expenses | $623K |
| Program Spending | 85% |
| Net Assets | $456K |
| Transparency Score | 92/100 |
Is Back To Basics Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Back To Basics Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Back To Basics Inc
Back To Basics Inc (EIN: 202880950) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code B122. The organization reported total revenue of $605K and total assets of $385K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Back To Basics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Back To Basics Inc is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $567K |
| Total Expenses | $623K |
| Surplus / Deficit | $-55,914 |
| Total Assets | $456K |
| Net Assets | $456K |
| Operating Margin | -9.9% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Back To Basics Inc reported a deficit of $56K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Back To Basics Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +24.9% | -8.4% |
| 2021 | -19.1% | +10.0% | +8.2% |
| 2020 | +37.3% | +14.8% | +83.7% |
| 2019 | +17.8% | +15.7% | +54.3% |
| 2018 | +17.0% | +9.2% | +73.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Back To Basics Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Back To Basics Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong indicator of financial efficiency and dedication to mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Back To Basics Inc's IRS 990 filings:
- Operating deficit in the most recent filing period (202312) where expenses ($622,707) exceeded revenue ($566,793).
Strengths
The following positive indicators were identified for Back To Basics Inc:
- Consistent growth in revenue and assets over the past decade, from $294,874 revenue and $32,521 assets in 201312 to $566,793 revenue and $456,304 assets in 202312.
- Zero reported liabilities across all 11 filing periods, indicating strong financial management and no debt burden.
- 0% reported officer compensation across all filing periods, demonstrating high efficiency and dedication to mission.
- Strong program focus, with the majority of expenses likely directed towards direct mission activities.
- Positive trend in asset accumulation, showing increased organizational capacity.
Frequently Asked Questions about Back To Basics Inc
Is Back To Basics Inc a legitimate charity?
Back To Basics Inc (EIN: 202880950) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $605K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Back To Basics Inc spend its money?
Back To Basics Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Back To Basics Inc tax-deductible?
Back To Basics Inc is registered as a tax-exempt nonprofit (EIN: 202880950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Back To Basics Inc's spending goes to programs?
Back To Basics Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Back To Basics Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Back To Basics Inc is above average for NTEE category B122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Back To Basics Inc located?
Back To Basics Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 202880950. It is classified under NTEE code B122.
How many years of IRS 990 filings does Back To Basics Inc have?
Back To Basics Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $605K in total revenue.
Is Back To Basics Inc a good charity?
Based on the available IRS 990 data, Back To Basics Inc appears to be a good charity. It demonstrates strong program focus, consistent growth in assets and revenue over time, and excellent transparency with 0% reported officer compensation.
What caused the deficit in the 202312 period?
The IRS 990 data alone does not specify the exact causes of the $55,914 deficit in the 202312 period (Revenue=$566,793, Expenses=$622,707). It could be due to increased program activities, one-time expenses, or a temporary dip in donations. Further detailed financial statements would be needed for a precise understanding.
How has the organization's financial stability changed over time?
Back To Basics Inc has shown significant growth in financial stability over the past decade. Its assets grew from $32,521 in 201312 to $456,304 in 202312, and revenue has also steadily increased from $294,874 to $566,793 over the same period, indicating a growing capacity and donor base.
Filing History
IRS 990 filing history for Back To Basics Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Back To Basics Inc's revenue has grown by 107.9%, moving from $273K to $567K. Total assets increased by 838.6% over the same period, from $49K to $456K. Total functional expenses rose by 98.2%, from $314K to $623K. In its most recent filing year (2023), Back To Basics Inc reported a deficit of $56K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $567K | $623K | $456K | $0 | — | View 990 |
| 2021 | $536K | $499K | $498K | $0 | — | — |
| 2020 | $663K | $453K | $461K | $0 | — | View 990 |
| 2019 | $483K | $395K | $251K | $0 | — | View 990 |
| 2018 | $410K | $341K | $162K | $0 | — | View 990 |
| 2017 | $351K | $313K | $94K | $0 | — | View 990 |
| 2016 | $274K | $292K | $56K | $0 | — | View 990 |
| 2015 | $294K | $284K | $74K | $0 | — | View 990 |
| 2014 | $290K | $260K | $64K | $0 | — | View 990 |
| 2013 | $295K | $296K | $33K | $0 | — | View 990 |
| 2011 | $273K | $314K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $567K, expenses of $623K, and assets of $456K (revenue +5.7% year-over-year).
- 2021: Revenue of $536K, expenses of $499K, and assets of $498K (revenue -19.1% year-over-year).
- 2020: Revenue of $663K, expenses of $453K, and assets of $461K (revenue +37.3% year-over-year).
- 2019: Revenue of $483K, expenses of $395K, and assets of $251K (revenue +17.8% year-over-year).
- 2018: Revenue of $410K, expenses of $341K, and assets of $162K (revenue +17.0% year-over-year).
- 2017: Revenue of $351K, expenses of $313K, and assets of $94K (revenue +28.0% year-over-year).
- 2016: Revenue of $274K, expenses of $292K, and assets of $56K (revenue -6.7% year-over-year).
- 2015: Revenue of $294K, expenses of $284K, and assets of $74K (revenue +1.2% year-over-year).
- 2014: Revenue of $290K, expenses of $260K, and assets of $64K (revenue -1.6% year-over-year).
- 2013: Revenue of $295K, expenses of $296K, and assets of $33K (revenue +8.2% year-over-year).
- 2011: Revenue of $273K, expenses of $314K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Back To Basics Inc:
Data Sources and Methodology
This transparency report for Back To Basics Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.