Backbeat Foundation Inc
Backbeat Foundation Inc. consistently operates with zero officer compensation but has faced recent years of expenses exceeding revenue.
EIN: 204703474 · New Orleans, LA · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50K |
| Total Expenses | $42K |
| Program Spending | 90% |
| Net Assets | $21K |
| Transparency Score | 85/100 |
Is Backbeat Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Backbeat Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Backbeat Foundation Inc
Backbeat Foundation Inc (EIN: 204703474) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A68. The organization reported total revenue of $50K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Backbeat Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Backbeat Foundation Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $42K |
| Surplus / Deficit | $-16,486 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -65.3% |
| Months of Reserves | 6.1 months |
Financial Health Grade: B
In 2023, Backbeat Foundation Inc reported a deficit of $16K with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Backbeat Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.4% | -52.9% | -43.6% |
| 2022 | -26.8% | +383.9% | -43.7% |
| 2021 | +190.5% | -39.5% | +1399.8% |
| 2020 | -76.8% | -74.8% | -35.0% |
| 2019 | -17.1% | -16.1% | +0.6% |
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 Backbeat Foundation Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Backbeat Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $16K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive salaries from the organization, which is highly commendable for an organization of its size with fluctuating revenues.
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 Backbeat Foundation Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $41,728 vs revenue $25,242)
- Significant fluctuation in annual revenue and assets, indicating financial instability.
Strengths
The following positive indicators were identified for Backbeat Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Consistently reports zero liabilities, suggesting sound financial management regarding debt.
- Strong commitment to program spending, as implied by the lack of executive compensation and low administrative overhead.
Frequently Asked Questions about Backbeat Foundation Inc
Is Backbeat Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Backbeat Foundation Inc (EIN: 204703474) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Backbeat Foundation Inc spend its money?
Backbeat Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Backbeat Foundation Inc tax-deductible?
Backbeat Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204703474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Backbeat Foundation Inc's spending goes to programs?
Backbeat Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Backbeat Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Backbeat Foundation Inc is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Backbeat Foundation Inc located?
Backbeat Foundation Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 204703474. It is classified under NTEE code A68.
How many years of IRS 990 filings does Backbeat Foundation Inc have?
Backbeat Foundation Inc has 13 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 $50K in total revenue.
How does Backbeat Foundation Inc. cover its operating deficits in recent years?
The filings show expenses exceeding revenue in 2023 ($41,728 vs $25,242) and 2022 ($88,660 vs $59,313). This suggests the organization is either drawing down on prior year surpluses, receiving non-cash contributions not reflected in revenue, or has other funding sources not immediately apparent from the summary data.
What is the long-term strategy for financial sustainability given the revenue volatility?
The organization's revenue has varied significantly, from $25,242 in 2023 to $144,697 in 2018. A clear strategy for stabilizing and growing revenue would be beneficial for long-term financial health.
What are the specific programs that Backbeat Foundation Inc. funds?
While the NTEE code A68 indicates 'Performing Arts Centers', the provided financial data does not detail the specific programs or activities funded by the organization's expenses.
Filing History
IRS 990 filing history for Backbeat Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Backbeat Foundation Inc's revenue has declined by 90.6%, moving from $267K to $25K. Total assets increased by 67.7% over the same period, from $13K to $21K. Total functional expenses fell by 84.6%, from $271K to $42K. In its most recent filing year (2023), Backbeat Foundation Inc reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $42K | $21K | $0 | — | — |
| 2022 | $59K | $89K | $38K | $0 | — | View 990 |
| 2021 | $81K | $18K | $67K | $0 | — | — |
| 2020 | $28K | $30K | $4K | $0 | — | — |
| 2019 | $120K | $120K | $7K | $0 | — | — |
| 2018 | $145K | $143K | $7K | $0 | — | View 990 |
| 2017 | $115K | $116K | $5K | $0 | — | View 990 |
| 2016 | $101K | $105K | $6K | $0 | — | View 990 |
| 2015 | $97K | $87K | $11K | $0 | — | View 990 |
| 2014 | $83K | $86K | $560 | $0 | — | View 990 |
| 2013 | $205K | $205K | $4K | $0 | — | View 990 |
| 2012 | $192K | $200K | $4K | $0 | — | View 990 |
| 2011 | $267K | $271K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $42K, and assets of $21K (revenue -57.4% year-over-year).
- 2022: Revenue of $59K, expenses of $89K, and assets of $38K (revenue -26.8% year-over-year).
- 2021: Revenue of $81K, expenses of $18K, and assets of $67K (revenue +190.5% year-over-year).
- 2020: Revenue of $28K, expenses of $30K, and assets of $4K (revenue -76.8% year-over-year).
- 2019: Revenue of $120K, expenses of $120K, and assets of $7K (revenue -17.1% year-over-year).
- 2018: Revenue of $145K, expenses of $143K, and assets of $7K (revenue +25.9% year-over-year).
- 2017: Revenue of $115K, expenses of $116K, and assets of $5K (revenue +13.9% year-over-year).
- 2016: Revenue of $101K, expenses of $105K, and assets of $6K (revenue +3.8% year-over-year).
- 2015: Revenue of $97K, expenses of $87K, and assets of $11K (revenue +17.2% year-over-year).
- 2014: Revenue of $83K, expenses of $86K, and assets of $560 (revenue -59.5% year-over-year).
- 2013: Revenue of $205K, expenses of $205K, and assets of $4K (revenue +7.0% year-over-year).
- 2012: Revenue of $192K, expenses of $200K, and assets of $4K (revenue -28.4% year-over-year).
- 2011: Revenue of $267K, expenses of $271K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Backbeat Foundation Inc:
Data Sources and Methodology
This transparency report for Backbeat Foundation 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.