Baft Inc
Baft Inc. shows improved financial health with significant asset growth in 2023 after years of near break-even operations.
EIN: 113642835 · Washington, DC · NTEE: S20 · Updated: 2026-03-28
Is Baft Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Baft Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Baft Inc
Baft Inc (EIN: 113642835) is a nonprofit organization based in Washington, DC, classified under NTEE code S20. The organization reported total revenue of $5.0M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baft Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Baft Inc is a mid-size 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 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$843K |
| Total Assets | $1.3M |
| Total Liabilities | $809K |
| Net Assets | $461K |
| Operating Margin | 17.9% |
| Debt-to-Asset Ratio | 63.7% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Baft Inc reported a surplus of $843K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 63.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Baft Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.7% | +2.2% | +529.8% |
| 2022 | +19.1% | +10.9% | +87.0% |
| 2021 | +0.9% | -11.7% | -59.0% |
| 2020 | -28.4% | -12.0% | -73.5% |
| 2019 | +6.5% | +14.0% | +9.2% |
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 Baft 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Baft 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 surplus of $843K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.7%.
Executive Compensation Analysis
Baft Inc. consistently reports 0% officer compensation across all available filings, indicating that executive leadership may be volunteer-based or compensated through non-officer roles, which is a strong positive for directing funds to mission-related activities.
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 Baft Inc's IRS 990 filings:
- Several years of operating near break-even or with deficits (e.g., 2022, 2021, 2020, 2019, 2017, 2014) before the recent surplus.
Strengths
The following positive indicators were identified for Baft Inc:
- Consistent 0% officer compensation reported across all filings, indicating strong financial stewardship.
- Significant positive financial turnaround in 2023 with a substantial increase in net assets from $201,675 to $1,270,229.
- Long operational history with 13 IRS 990 filings, suggesting stability and established presence.
Frequently Asked Questions about Baft Inc
Is Baft Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Baft Inc (EIN: 113642835) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Baft Inc spend its money?
Baft Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Baft Inc tax-deductible?
Baft Inc is registered as a tax-exempt nonprofit (EIN: 113642835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Baft Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based, compensated through other non-officer roles, or that compensation is covered by a related entity. Further investigation into Part VII of their IRS Form 990 would clarify this structure.
What caused the significant increase in assets from $201,675 in 2022 to $1,270,229 in 2023?
The substantial increase in assets is primarily due to the surplus generated in the 2023 fiscal period, where revenue ($4,717,556) significantly exceeded expenses ($3,874,664), leading to an accumulation of net assets.
What are the primary program activities of Baft Inc. given its NTEE code S20 (International, Foreign Affairs & National Security)?
While the financial data doesn't detail specific programs, an NTEE code of S20 suggests Baft Inc. is involved in international affairs, foreign policy, or national security initiatives. Further review of their Form 990, Part III (Statement of Program Service Accomplishments) would provide specifics.
Filing History
IRS 990 filing history for Baft Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Baft Inc's revenue has grown by 51.7%, moving from $3.1M to $4.7M. Total assets increased by 130% over the same period, from $552K to $1.3M. Total functional expenses rose by 33.8%, from $2.9M to $3.9M. In its most recent filing year (2023), Baft Inc reported a surplus of $843K, with revenue exceeding expenses. The organization holds $809K in liabilities against $1.3M in assets (debt-to-asset ratio: 63.7%), resulting in net assets of $461K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $3.9M | $1.3M | $809K | — | — |
| 2022 | $3.8M | $3.8M | $202K | $583K | — | View 990 |
| 2021 | $3.2M | $3.4M | $108K | $481K | — | View 990 |
| 2020 | $3.1M | $3.9M | $263K | $392K | — | — |
| 2019 | $4.4M | $4.4M | $993K | $398K | — | View 990 |
| 2018 | $4.1M | $3.9M | $909K | $310K | — | View 990 |
| 2017 | $3.8M | $3.8M | $647K | $319K | — | View 990 |
| 2016 | $3.5M | $3.5M | $557K | $169K | — | View 990 |
| 2015 | $3.3M | $3.0M | $644K | $277K | — | View 990 |
| 2014 | $3.2M | $3.2M | $143K | $92K | — | View 990 |
| 2013 | $2.8M | $2.8M | $224K | $164K | — | View 990 |
| 2012 | $2.9M | $3.0M | $224K | $152K | — | View 990 |
| 2011 | $3.1M | $2.9M | $552K | $360K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $3.9M, and assets of $1.3M (revenue +24.7% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.8M, and assets of $202K (revenue +19.1% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.4M, and assets of $108K (revenue +0.9% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.9M, and assets of $263K (revenue -28.4% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.4M, and assets of $993K (revenue +6.5% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.9M, and assets of $909K (revenue +9.5% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.8M, and assets of $647K (revenue +7.0% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.5M, and assets of $557K (revenue +7.7% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.0M, and assets of $644K (revenue +2.7% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.2M, and assets of $143K (revenue +13.4% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.8M, and assets of $224K (revenue -3.8% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.0M, and assets of $224K (revenue -6.1% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.9M, and assets of $552K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Baft Inc:
Data Sources and Methodology
This transparency report for Baft 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.