Beads Of Courage Inc
Beads Of Courage Inc maintains stable operations with consistent revenue and no reported officer compensation.
EIN: 202721500 · Tucson, AZ · NTEE: E86 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $561K |
| Transparency Score | 85/100 |
Is Beads Of Courage Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Beads Of Courage Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Beads Of Courage Inc
Beads Of Courage Inc (EIN: 202721500) is a nonprofit organization based in Tucson, AZ, classified under NTEE code E86. The organization reported total revenue of $1.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beads Of Courage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beads Of Courage Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$14K |
| Total Assets | $954K |
| Total Liabilities | $393K |
| Net Assets | $561K |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 41.2% |
| Months of Reserves | 8.8 months |
Financial Health Grade: A
In 2023, Beads Of Courage Inc reported a surplus of $14K with revenue exceeding expenses, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 41.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Beads Of Courage Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | -16.3% | -7.7% |
| 2022 | -1.8% | +17.4% | -4.3% |
| 2021 | +11.7% | -5.0% | +10.0% |
| 2020 | +0.9% | +12.0% | +28.4% |
| 2019 | -8.7% | -20.9% | +30.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Beads Of Courage 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: 80%
- fundraising: 10%
According to IRS 990 filings, Beads Of Courage Inc 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 surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $1 million. This suggests that executive leadership may be volunteer-based or compensated through mechanisms not classified as 'officer compensation' on the 990, requiring further scrutiny for full transparency.
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 Beads Of Courage Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and may obscure actual executive remuneration.
- Significant liabilities relative to assets in some years (e.g., $733,520 liabilities vs. $981,889 assets in 2020), indicating potential reliance on debt or short-term obligations.
Strengths
The following positive indicators were identified for Beads Of Courage Inc:
- Consistent revenue generation, generally exceeding or closely matching expenses, indicating operational stability.
- Positive trend in net assets over the past decade, suggesting growing financial reserves.
- Strong transparency regarding officer compensation, even if the 0% figure requires further context.
Frequently Asked Questions about Beads Of Courage Inc
Is Beads Of Courage Inc a legitimate charity?
Beads Of Courage Inc (EIN: 202721500) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Beads Of Courage Inc spend its money?
Beads Of Courage Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Beads Of Courage Inc tax-deductible?
Beads Of Courage Inc is registered as a tax-exempt nonprofit (EIN: 202721500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Beads Of Courage Inc CEO make?
Beads Of Courage Inc's highest-compensated officer earns $1 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Beads Of Courage Inc's spending goes to programs?
Beads Of Courage Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Beads Of Courage Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Beads Of Courage Inc is above average for NTEE category E86 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Beads Of Courage Inc located?
Beads Of Courage Inc is headquartered in Tucson, Arizona and files with the IRS under EIN 202721500. It is classified under NTEE code E86.
How many years of IRS 990 filings does Beads Of Courage Inc have?
Beads Of Courage 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 $1.4M in total revenue.
Is Beads Of Courage Inc a good charity?
Based on the available data, Beads Of Courage Inc appears to be a financially stable organization with consistent revenue and expenses. The reported 0% officer compensation is a notable point, suggesting a strong commitment to program spending or a unique compensation structure. Their consistent asset growth also indicates good financial management. However, a deeper dive into their program efficiency and the specifics of their '0% officer compensation' would provide a more complete assessment.
How does Beads Of Courage Inc manage its executive compensation?
The IRS 990 filings for Beads Of Courage Inc consistently report 0% officer compensation. This is highly unusual for an organization with over $1 million in annual revenue and suggests that the top leadership may be unpaid volunteers or compensated through other means not categorized as officer compensation on the 990 form. Further investigation into their compensation policies would be necessary to understand this fully.
What is the trend in the organization's assets and liabilities?
Beads Of Courage Inc has shown a general upward trend in assets, growing from $245,129 in 2014 to $953,927 in 2023. Liabilities have also fluctuated but remained significant, for example, $393,290 in 2023. While assets have grown, the ratio of liabilities to assets warrants attention to ensure long-term financial health.
Filing History
IRS 990 filing history for Beads Of Courage Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Beads Of Courage Inc's revenue has grown by 145.1%, moving from $539K to $1.3M. Total assets increased by 464.9% over the same period, from $169K to $954K. Total functional expenses rose by 157.6%, from $508K to $1.3M. In its most recent filing year (2023), Beads Of Courage Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $393K in liabilities against $954K in assets (debt-to-asset ratio: 41.2%), resulting in net assets of $561K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $954K | $393K | — | — |
| 2022 | $1.6M | $1.6M | $1.0M | $487K | — | View 990 |
| 2021 | $1.6M | $1.3M | $1.1M | $548K | — | View 990 |
| 2020 | $1.4M | $1.4M | $982K | $734K | — | View 990 |
| 2019 | $1.4M | $1.3M | $765K | $561K | — | View 990 |
| 2018 | $1.6M | $1.6M | $584K | $562K | — | View 990 |
| 2017 | $1.4M | $1.2M | $601K | $565K | — | View 990 |
| 2016 | $948K | $1.0M | $385K | $533K | — | View 990 |
| 2015 | $1.0M | $1.1M | $279K | $358K | — | View 990 |
| 2014 | $1.1M | $1.2M | $245K | $228K | — | View 990 |
| 2013 | $1.1M | $1.2M | $293K | $163K | — | View 990 |
| 2012 | $969K | $845K | $306K | $102K | — | View 990 |
| 2011 | $539K | $508K | $169K | $119K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $954K (revenue -16.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $1.0M (revenue -1.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $1.1M (revenue +11.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $982K (revenue +0.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $765K (revenue -8.7% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $584K (revenue +15.2% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $601K (revenue +43.7% year-over-year).
- 2016: Revenue of $948K, expenses of $1.0M, and assets of $385K (revenue -7.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $279K (revenue -9.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $245K (revenue +2.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $293K (revenue +13.7% year-over-year).
- 2012: Revenue of $969K, expenses of $845K, and assets of $306K (revenue +79.7% year-over-year).
- 2011: Revenue of $539K, expenses of $508K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beads Of Courage Inc:
Data Sources and Methodology
This transparency report for Beads Of Courage 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.