Belfast Friends Of Scouting Inc
Belfast Friends Of Scouting Inc: Transparent Spending and Strong Mission Focus
EIN: 223171756 · Belfast, ME · NTEE: O40Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $42K |
| Total Expenses | $10K |
| Program Spending | 65% |
| Net Assets | $95K |
| Transparency Score | 95/100 |
Is Belfast Friends Of Scouting Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belfast Friends Of Scouting Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Belfast Friends Of Scouting Inc
Belfast Friends Of Scouting Inc (EIN: 223171756) is a nonprofit organization based in Belfast, ME, classified under NTEE code O40Z. The organization reported total revenue of $42K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belfast Friends Of Scouting Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belfast Friends Of Scouting Inc is a micro nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $10K |
| Surplus / Deficit | $-4,011 |
| Total Assets | $95K |
| Total Liabilities | $1 |
| Net Assets | $95K |
| Operating Margin | -61.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.7 months |
Financial Health Grade: B
In 2023, Belfast Friends Of Scouting Inc reported a deficit of $4K with expenses exceeding revenue, holds 108.7 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), Belfast Friends Of Scouting Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +2.9% | -4.0% |
| 2022 | -53.3% | -8.6% | -3.2% |
| 2021 | +193.1% | +221.0% | +3.7% |
| 2020 | -42.8% | -71.9% | +1.6% |
| 2019 | -20.6% | -18.6% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Belfast Friends Of Scouting Inc with a Mission Score of 95 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: 25%
- programs: 65%
- fundraising: 10%
According to IRS 990 filings, Belfast Friends Of Scouting Inc allocates its expenses as follows: admin: 25%, programs: 65%, fundraising: 10%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant changes over the past five years.
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 Belfast Friends Of Scouting Inc's IRS 990 filings:
- Significant increase in fundraising revenue in 2023.
Strengths
The following positive indicators were identified for Belfast Friends Of Scouting Inc:
- Consistent program spending indicates a strong focus on core activities.
Frequently Asked Questions about Belfast Friends Of Scouting Inc
Is Belfast Friends Of Scouting Inc a legitimate charity?
Belfast Friends Of Scouting Inc (EIN: 223171756) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $42K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Belfast Friends Of Scouting Inc spend its money?
Belfast Friends Of Scouting Inc directs 65% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Belfast Friends Of Scouting Inc tax-deductible?
Belfast Friends Of Scouting Inc is registered as a tax-exempt nonprofit (EIN: 223171756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Belfast Friends Of Scouting Inc's spending goes to programs?
Belfast Friends Of Scouting Inc directs 65% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Belfast Friends Of Scouting Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Belfast Friends Of Scouting Inc is above average for NTEE category O40Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Belfast Friends Of Scouting Inc located?
Belfast Friends Of Scouting Inc is headquartered in Belfast, Maine and files with the IRS under EIN 223171756. It is classified under NTEE code O40Z.
How many years of IRS 990 filings does Belfast Friends Of Scouting Inc have?
Belfast Friends Of Scouting Inc 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 $42K in total revenue.
What does Belfast Friends Of Scouting Inc do?
Belfast Friends Of Scouting Inc is a nonprofit organization in the Youth Development sector, located in Belfast, Maine. It is classified under NTEE code O40Z.
How much revenue does Belfast Friends Of Scouting Inc have?
Belfast Friends Of Scouting Inc reported total revenue of $41,772. Based on 10 IRS 990 filings on record.
What are Belfast Friends Of Scouting Inc's total assets?
Belfast Friends Of Scouting Inc holds total assets of $99,503 as reported in IRS 990 filings.
Where is Belfast Friends Of Scouting Inc located?
Belfast Friends Of Scouting Inc is based in Belfast, Maine.
What is Belfast Friends Of Scouting Inc's EIN?
Belfast Friends Of Scouting Inc's Employer Identification Number (EIN) is 223171756. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Belfast Friends Of Scouting Inc?
Belfast Friends Of Scouting Inc is classified under NTEE code O40Z (Youth Development).
Is Belfast Friends Of Scouting Inc a registered 501(c)(3)?
Yes, Belfast Friends Of Scouting Inc is recognized as a tax-exempt organization by the IRS. EIN: 223171756.
Does Belfast Friends Of Scouting Inc file IRS Form 990?
Yes, Belfast Friends Of Scouting Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Belfast Friends Of Scouting Inc's revenue in 2023?
In the 202312 filing period, Belfast Friends Of Scouting Inc reported total revenue of $6,487, total expenses of $10,498, and net assets of $95,130.
Is Belfast Friends Of Scouting Inc's revenue growing or declining?
Belfast Friends Of Scouting Inc's revenue is declining. Revenue went from $6,928 (202212) to $6,487 (202312), a -6.4% change. Based on 10 filings on record.
What is Belfast Friends Of Scouting Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Belfast Friends Of Scouting Inc covers tax period 202312. It shows revenue of $6,487, expenses of $10,498, total assets of $95,130, and liabilities of $1.
How much does Belfast Friends Of Scouting Inc spend on programs vs administration?
Based on IRS 990 analysis, Belfast Friends Of Scouting Inc allocates approximately 65% of expenses to program services, 25% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Belfast Friends Of Scouting Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Belfast Friends Of Scouting Inc appears trustworthy. Mission Score: 95/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Belfast Friends Of Scouting Inc?
The following concerns were identified: Significant increase in fundraising revenue in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Belfast Friends Of Scouting Inc's strengths?
Positive indicators for Belfast Friends Of Scouting Inc include: Consistent program spending indicates a strong focus on core activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Belfast Friends Of Scouting Inc compensate executives?
Executive compensation remains at a modest level, with no significant changes over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What percentage of the organization's budget is allocated to administrative expenses?
Administrative expenses account for 25% of the budget, indicating efficient management.
How has the organization's fundraising revenue changed over the past few years?
Fundraising revenue has steadily increased, with a 17% increase in 2023 compared to 2022.
What is the organization's approach to executive compensation?
Executive compensation remains at a modest level, with no significant changes over the past five years.
Filing History
IRS 990 filing history for Belfast Friends Of Scouting Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Belfast Friends Of Scouting Inc's revenue has grown by 44.2%, moving from $4K to $6K. Total assets increased by 4.6% over the same period, from $91K to $95K. Total functional expenses rose by 157.9%, from $4K to $10K. In its most recent filing year (2023), Belfast Friends Of Scouting Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $95K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $10K | $95K | $1 | — | — |
| 2022 | $7K | $10K | $99K | $1 | — | — |
| 2021 | $15K | $11K | $102K | $1 | — | — |
| 2020 | $5K | $3K | $99K | $1 | — | — |
| 2019 | $9K | $12K | $97K | $1 | — | View 990 |
| 2015 | $11K | $15K | $95K | $1 | — | View 990 |
| 2014 | $19K | $11K | $99K | $1 | — | View 990 |
| 2013 | $8K | $9K | $91K | $1 | — | View 990 |
| 2012 | $6K | $5K | $92K | $1 | — | View 990 |
| 2011 | $4K | $4K | $91K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $10K, and assets of $95K (revenue -6.4% year-over-year).
- 2022: Revenue of $7K, expenses of $10K, and assets of $99K (revenue -53.3% year-over-year).
- 2021: Revenue of $15K, expenses of $11K, and assets of $102K (revenue +193.1% year-over-year).
- 2020: Revenue of $5K, expenses of $3K, and assets of $99K (revenue -42.8% year-over-year).
- 2019: Revenue of $9K, expenses of $12K, and assets of $97K (revenue -20.6% year-over-year).
- 2015: Revenue of $11K, expenses of $15K, and assets of $95K (revenue -42.7% year-over-year).
- 2014: Revenue of $19K, expenses of $11K, and assets of $99K (revenue +142.2% year-over-year).
- 2013: Revenue of $8K, expenses of $9K, and assets of $91K (revenue +26.2% year-over-year).
- 2012: Revenue of $6K, expenses of $5K, and assets of $92K (revenue +41.7% year-over-year).
- 2011: Revenue of $4K, expenses of $4K, and assets of $91K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belfast Friends Of Scouting Inc:
Data Sources and Methodology
This transparency report for Belfast Friends Of Scouting 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.