Bangs Russell Foundation
Bangs Russell Foundation experiences significant revenue decline while maintaining consistent spending, drawing down assets.
EIN: 201840390 · Williamsburg, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $702K |
| Program Spending | 80% |
| Net Assets | $5.7M |
| Transparency Score | 75/100 |
Is Bangs Russell Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bangs Russell Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bangs Russell Foundation
Bangs Russell Foundation (EIN: 201840390) is a nonprofit organization based in Williamsburg, VA, classified under NTEE code T20. The organization reported total revenue of $1.4M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bangs Russell Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bangs Russell Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $702K |
| Surplus / Deficit | $-594,559 |
| Total Assets | $5.7M |
| Total Liabilities | $1 |
| Net Assets | $5.7M |
| Operating Margin | -551.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 98.1 months |
Financial Health Grade: B
In 2023, Bangs Russell Foundation reported a deficit of $595K with expenses exceeding revenue, holds 98.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bangs Russell Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.3% | -5.4% | -9.3% |
| 2022 | -94.4% | +4.0% | -6.3% |
| 2021 | +1041.6% | +5.7% | +329.3% |
| 2020 | -11.3% | +7.5% | -9.1% |
| 2019 | +191.9% | +13.1% | -38.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Bangs Russell Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bangs Russell Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $595K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bangs Russell Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for resource allocation.
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 Bangs Russell Foundation's IRS 990 filings:
- Significant and consistent spending exceeding revenue in recent years (e.g., $107,826 revenue vs. $702,385 expenses in 2023).
- Sharp decline in revenue from $5,910,470 in 2021 to $107,826 in 2023 without a proportional reduction in expenses.
- Decreasing asset base from $6,756,858 in 2021 to $5,742,636 in 2023, indicating reliance on reserves.
Strengths
The following positive indicators were identified for Bangs Russell Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Minimal liabilities ($0 or $1 reported consistently), suggesting a healthy balance sheet.
- Maintained a substantial asset base of over $5 million, providing a buffer despite recent drawdowns.
Frequently Asked Questions about Bangs Russell Foundation
Is Bangs Russell Foundation a legitimate charity?
Bangs Russell Foundation (EIN: 201840390) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bangs Russell Foundation spend its money?
Bangs Russell Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bangs Russell Foundation tax-deductible?
Bangs Russell Foundation is registered as a tax-exempt nonprofit (EIN: 201840390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bangs Russell Foundation's spending goes to programs?
Bangs Russell Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bangs Russell Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bangs Russell Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bangs Russell Foundation located?
Bangs Russell Foundation is headquartered in Williamsburg, Virginia and files with the IRS under EIN 201840390. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bangs Russell Foundation have?
Bangs Russell Foundation has 10 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 $1.4M in total revenue.
Is Bangs Russell Foundation financially sustainable given recent revenue declines?
The foundation's revenue has significantly decreased from $5,910,470 in 2021 to $107,826 in 2023, while expenses have remained high (e.g., $702,385 in 2023). This trend of spending far exceeding revenue raises concerns about long-term financial sustainability if not supported by a robust endowment or other consistent funding sources.
What is the primary source of funding for the Bangs Russell Foundation?
Given the NTEE code T20 (Private Grantmaking Foundations) and the fluctuating, sometimes very high, revenue figures (e.g., $5.9M in 2021), it is likely that the foundation primarily relies on investment income, contributions from a single or few donors, or endowment distributions, rather than broad public fundraising.
How does the foundation manage its assets given the consistent spending exceeding revenue?
The foundation's assets have decreased from $6,756,858 in 2021 to $5,742,636 in 2023. This suggests that the organization is drawing down its asset base to cover operational expenses when revenue is insufficient, which is a common practice for foundations but requires careful management to ensure longevity.
Filing History
IRS 990 filing history for Bangs Russell Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bangs Russell Foundation's revenue has declined by 75.9%, moving from $447K to $108K. Total assets increased by 53.8% over the same period, from $3.7M to $5.7M. Total functional expenses rose by 90.3%, from $369K to $702K. In its most recent filing year (2023), Bangs Russell Foundation reported a deficit of $595K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $702K | $5.7M | $1 | — | — |
| 2022 | $330K | $742K | $6.3M | $1 | — | View 990 |
| 2021 | $5.9M | $714K | $6.8M | $1 | — | View 990 |
| 2020 | $518K | $676K | $1.6M | $1 | — | — |
| 2019 | $584K | $628K | $1.7M | $1 | — | View 990 |
| 2015 | $200K | $556K | $2.8M | $0 | — | View 990 |
| 2014 | $246K | $572K | $3.2M | $0 | — | View 990 |
| 2013 | $599K | $591K | $3.5M | $0 | — | View 990 |
| 2012 | $377K | $627K | $3.5M | $0 | — | View 990 |
| 2011 | $447K | $369K | $3.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $702K, and assets of $5.7M (revenue -67.3% year-over-year).
- 2022: Revenue of $330K, expenses of $742K, and assets of $6.3M (revenue -94.4% year-over-year).
- 2021: Revenue of $5.9M, expenses of $714K, and assets of $6.8M (revenue +1041.6% year-over-year).
- 2020: Revenue of $518K, expenses of $676K, and assets of $1.6M (revenue -11.3% year-over-year).
- 2019: Revenue of $584K, expenses of $628K, and assets of $1.7M (revenue +191.9% year-over-year).
- 2015: Revenue of $200K, expenses of $556K, and assets of $2.8M (revenue -18.8% year-over-year).
- 2014: Revenue of $246K, expenses of $572K, and assets of $3.2M (revenue -58.9% year-over-year).
- 2013: Revenue of $599K, expenses of $591K, and assets of $3.5M (revenue +58.7% year-over-year).
- 2012: Revenue of $377K, expenses of $627K, and assets of $3.5M (revenue -15.6% year-over-year).
- 2011: Revenue of $447K, expenses of $369K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bangs Russell Foundation:
Data Sources and Methodology
This transparency report for Bangs Russell Foundation 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.