Barnum Foundation For Life Inc
Barnum Foundation For Life Inc shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 205046845 · Shelton, CT · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $203K |
| Total Expenses | $78K |
| Program Spending | 90% |
| Net Assets | $268K |
| Transparency Score | 92/100 |
Is Barnum Foundation For Life Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barnum Foundation For Life Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barnum Foundation For Life Inc
Barnum Foundation For Life Inc (EIN: 205046845) is a nonprofit organization based in Shelton, CT, classified under NTEE code T31. The organization reported total revenue of $203K and total assets of $301K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barnum Foundation For Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barnum Foundation For Life Inc is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $78K |
| Surplus / Deficit | +$54K |
| Total Assets | $268K |
| Net Assets | $268K |
| Operating Margin | 41.0% |
| Months of Reserves | 41.2 months |
Financial Health Grade: A
In 2023, Barnum Foundation For Life Inc reported a surplus of $54K with revenue exceeding expenses, holds 41.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Barnum Foundation For Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.7% | +28.9% | +25.4% |
| 2022 | +23.8% | +22.2% | +20.8% |
| 2021 | +39.5% | -43.0% | +19.7% |
| 2020 | +56.8% | +59.4% | -17.1% |
| 2019 | -47.5% | +11.6% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Barnum Foundation For Life 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Barnum Foundation For Life Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $54K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led structure or compensation below reporting thresholds, which is highly favorable for directing funds to programs.
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.
Strengths
The following positive indicators were identified for Barnum Foundation For Life Inc:
- Consistent revenue growth, from $35,938 in 2019 to $132,149 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency in resource allocation.
- Maintains zero liabilities, reflecting strong financial health and management.
- Steady growth in assets, from $178,213 in 2019 to $267,861 in 2023.
- High program spending ratio due to low administrative and fundraising costs.
Frequently Asked Questions about Barnum Foundation For Life Inc
Is Barnum Foundation For Life Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barnum Foundation For Life Inc (EIN: 205046845) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Barnum Foundation For Life Inc spend its money?
Barnum Foundation For Life Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Barnum Foundation For Life Inc tax-deductible?
Barnum Foundation For Life Inc is registered as a tax-exempt nonprofit (EIN: 205046845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Barnum Foundation For Life Inc's spending goes to programs?
Barnum Foundation For Life Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Barnum Foundation For Life Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Barnum Foundation For Life Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barnum Foundation For Life Inc located?
Barnum Foundation For Life Inc is headquartered in Shelton, Connecticut and files with the IRS under EIN 205046845. It is classified under NTEE code T31.
How many years of IRS 990 filings does Barnum Foundation For Life Inc have?
Barnum Foundation For Life Inc has 14 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 $203K in total revenue.
Is Barnum Foundation For Life Inc a good charity?
Based on its financial data, Barnum Foundation For Life Inc appears to be a good charity. It demonstrates consistent revenue growth, strong program spending efficiency (high program spending, low administrative overhead), and maintains zero liabilities, indicating sound financial health. The absence of reported officer compensation is also a positive sign of resource allocation to its mission.
How has the organization's revenue trended over the past five years?
The organization's revenue has shown a strong upward trend over the past five years, increasing from $35,938 in 2019 to $132,149 in 2023, indicating growing support and financial capacity.
What is the organization's financial stability?
Barnum Foundation For Life Inc exhibits strong financial stability, consistently reporting zero liabilities across all filings and steadily growing its assets from $178,213 in 2019 to $267,861 in 2023. This indicates a healthy balance sheet and prudent financial management.
Filing History
IRS 990 filing history for Barnum Foundation For Life Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Barnum Foundation For Life Inc's revenue has grown by 119.5%, moving from $60K to $132K. Total assets increased by 145.1% over the same period, from $109K to $268K. Total functional expenses rose by 41.8%, from $55K to $78K. In its most recent filing year (2023), Barnum Foundation For Life Inc reported a surplus of $54K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $132K | $78K | $268K | $0 | — | View 990 |
| 2022 | $97K | $61K | $214K | $0 | — | View 990 |
| 2021 | $79K | $50K | $177K | $0 | — | View 990 |
| 2020 | $56K | $87K | $148K | $0 | — | — |
| 2019 | $36K | $55K | $178K | $0 | — | View 990 |
| 2018 | $68K | $49K | $198K | $0 | — | View 990 |
| 2017 | $65K | $61K | $178K | $0 | — | View 990 |
| 2016 | $81K | $53K | $174K | $0 | — | View 990 |
| 2015 | $41K | $54K | $146K | $0 | — | View 990 |
| 2014 | $81K | $52K | $158K | $0 | — | View 990 |
| 2013 | $70K | $51K | $130K | $0 | — | View 990 |
| 2012 | $59K | $44K | $110K | $0 | — | View 990 |
| 2011 | $82K | $96K | $95K | $0 | — | View 990 |
| 2010 | $60K | $55K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $132K, expenses of $78K, and assets of $268K (revenue +35.7% year-over-year).
- 2022: Revenue of $97K, expenses of $61K, and assets of $214K (revenue +23.8% year-over-year).
- 2021: Revenue of $79K, expenses of $50K, and assets of $177K (revenue +39.5% year-over-year).
- 2020: Revenue of $56K, expenses of $87K, and assets of $148K (revenue +56.8% year-over-year).
- 2019: Revenue of $36K, expenses of $55K, and assets of $178K (revenue -47.5% year-over-year).
- 2018: Revenue of $68K, expenses of $49K, and assets of $198K (revenue +5.2% year-over-year).
- 2017: Revenue of $65K, expenses of $61K, and assets of $178K (revenue -20.0% year-over-year).
- 2016: Revenue of $81K, expenses of $53K, and assets of $174K (revenue +96.8% year-over-year).
- 2015: Revenue of $41K, expenses of $54K, and assets of $146K (revenue -48.9% year-over-year).
- 2014: Revenue of $81K, expenses of $52K, and assets of $158K (revenue +14.7% year-over-year).
- 2013: Revenue of $70K, expenses of $51K, and assets of $130K (revenue +19.0% year-over-year).
- 2012: Revenue of $59K, expenses of $44K, and assets of $110K (revenue -27.5% year-over-year).
- 2011: Revenue of $82K, expenses of $96K, and assets of $95K (revenue +35.7% year-over-year).
- 2010: Revenue of $60K, expenses of $55K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barnum Foundation For Life Inc:
Data Sources and Methodology
This transparency report for Barnum Foundation For Life 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.