Bbb Foundsation
Bbb Foundsation shows highly volatile revenue and expense trends with no reported officer compensation.
EIN: 202042606 · Columbus, MS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $580K |
| Program Spending | 80% |
| Net Assets | $2.1M |
| Transparency Score | 70/100 |
Is Bbb Foundsation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bbb Foundsation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bbb Foundsation
Bbb Foundsation (EIN: 202042606) is a nonprofit organization based in Columbus, MS, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bbb Foundsation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bbb Foundsation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $337K |
| Total Expenses | $580K |
| Surplus / Deficit | $-242,882 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -72.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 42.9 months |
Financial Health Grade: B
In 2023, Bbb Foundsation reported a deficit of $243K with expenses exceeding revenue, holds 42.9 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), Bbb Foundsation's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.0% | +219.3% | -10.5% |
| 2022 | +187.1% | -75.8% | +840.7% |
| 2021 | -47.9% | -52.9% | +15.9% |
| 2020 | +10336.8% | +115.3% | -29.1% |
| 2019 | -99.8% | -72.9% | -91.8% |
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 Bbb Foundsation with a Mission Score of 70 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Bbb Foundsation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $243K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Bbb Foundsation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and revenue, and could imply volunteer leadership or compensation being reported in other expense categories.
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 Bbb Foundsation's IRS 990 filings:
- Highly inconsistent revenue streams over the past decade
- Significant year-over-year fluctuations in total expenses
- Unusually low or zero reported liabilities consistently, which might mask operational complexities if not fully understood
- 0% officer compensation reported, which is atypical and may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Bbb Foundsation:
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements
- Consistently low reported liabilities ($0 or $1), suggesting strong financial solvency and minimal debt burden
- No reported officer compensation, which could indicate a highly volunteer-driven leadership structure and efficient use of funds for mission-related activities.
Frequently Asked Questions about Bbb Foundsation
Is Bbb Foundsation a legitimate charity?
Bbb Foundsation (EIN: 202042606) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bbb Foundsation spend its money?
Bbb Foundsation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bbb Foundsation tax-deductible?
Bbb Foundsation is registered as a tax-exempt nonprofit (EIN: 202042606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bbb Foundsation's spending goes to programs?
Bbb Foundsation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bbb Foundsation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Bbb Foundsation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bbb Foundsation located?
Bbb Foundsation is headquartered in Columbus, Mississippi and files with the IRS under EIN 202042606. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bbb Foundsation have?
Bbb Foundsation 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 $1.5M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with revenues reaching millions. This could indicate that leadership is entirely volunteer-based, or that compensation is categorized differently within the expense reports, which would require further investigation of the full 990 forms.
What caused the extreme fluctuations in revenue and expenses?
The significant swings in revenue (e.g., $6M in 2015 vs. $14K in 2019) and expenses suggest an inconsistent funding model or reliance on large, infrequent grants/donations. Understanding the nature of these revenue sources and the corresponding programmatic activities would be crucial.
How does Bbb Foundsation manage its assets given the wide variations?
Assets have fluctuated dramatically, from $3.6M in 2015 to $212K in 2020, then back up to $2.7M currently. This volatility could be due to significant asset acquisitions, dispositions, or investment performance, and warrants a closer look at the balance sheet details.
Filing History
IRS 990 filing history for Bbb Foundsation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bbb Foundsation's revenue has declined by 51.5%, moving from $696K to $337K. Total assets increased by 568.8% over the same period, from $310K to $2.1M. Total functional expenses fell by 31.4%, from $846K to $580K. In its most recent filing year (2023), Bbb Foundsation reported a deficit of $243K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $337K | $580K | $2.1M | $1 | — | View 990 |
| 2022 | $2.3M | $182K | $2.3M | $1 | — | View 990 |
| 2021 | $784K | $751K | $246K | $1 | — | View 990 |
| 2020 | $1.5M | $1.6M | $212K | $1 | — | View 990 |
| 2019 | $14K | $740K | $300K | $0 | — | View 990 |
| 2015 | $6.0M | $2.7M | $3.7M | $0 | — | View 990 |
| 2014 | $1.5M | $1.5M | $391K | $0 | — | View 990 |
| 2013 | $988K | $1.2M | $339K | $0 | — | View 990 |
| 2012 | $1.5M | $1.2M | $589K | $0 | — | View 990 |
| 2011 | $696K | $846K | $310K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $337K, expenses of $580K, and assets of $2.1M (revenue -85.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $182K, and assets of $2.3M (revenue +187.1% year-over-year).
- 2021: Revenue of $784K, expenses of $751K, and assets of $246K (revenue -47.9% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $212K (revenue +10336.8% year-over-year).
- 2019: Revenue of $14K, expenses of $740K, and assets of $300K (revenue -99.8% year-over-year).
- 2015: Revenue of $6.0M, expenses of $2.7M, and assets of $3.7M (revenue +299.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $391K (revenue +52.0% year-over-year).
- 2013: Revenue of $988K, expenses of $1.2M, and assets of $339K (revenue -33.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.2M, and assets of $589K (revenue +113.7% year-over-year).
- 2011: Revenue of $696K, expenses of $846K, and assets of $310K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bbb Foundsation:
Data Sources and Methodology
This transparency report for Bbb Foundsation 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.