Belgian American Educational Foundation Inc
Belgian American Educational Foundation consistently grows assets with zero reported officer compensation.
EIN: 131606002 · New Haven, CT · NTEE: Q220 · Updated: 2026-03-28
Is Belgian American Educational Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belgian American Educational Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belgian American Educational Foundation Inc
Belgian American Educational Foundation Inc (EIN: 131606002) is a nonprofit organization based in New Haven, CT, classified under NTEE code Q220. The organization reported total revenue of $60.6M and total assets of $218.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belgian American Educational Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belgian American Educational Foundation Inc is a major nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$4.8M |
| Total Assets | $186.6M |
| Total Liabilities | $754K |
| Net Assets | $185.9M |
| Operating Margin | 48.9% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 443.4 months |
Financial Health Grade: A
In 2023, Belgian American Educational Foundation Inc reported a surplus of $4.8M with revenue exceeding expenses, holds 443.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Belgian American Educational Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.0% | +4.8% | +9.9% |
| 2022 | -29.4% | +7.3% | -9.3% |
| 2021 | +48.3% | -6.0% | +26.2% |
| 2020 | -4.2% | -4.3% | +6.3% |
| 2019 | +40.6% | +16.1% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1942 |
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 Belgian American Educational Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Belgian American Educational Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $4.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, which is a strong positive for resource allocation to mission.
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 Belgian American Educational Foundation Inc:
- Consistent asset growth, from $104.5M in 2014 to $186.6M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Expenses consistently well below revenue, allowing for significant reinvestment and asset accumulation.
- Strong financial health with a robust balance sheet and low liabilities relative to assets (e.g., $753,950 liabilities vs. $186,642,583 assets in 2023).
- Clear program focus, as evidenced by its NTEE code (Q220 - International Cultural Exchange) and financial allocation.
Frequently Asked Questions about Belgian American Educational Foundation Inc
Is Belgian American Educational Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Belgian American Educational Foundation Inc (EIN: 131606002) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Belgian American Educational Foundation Inc spend its money?
Belgian American Educational Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Belgian American Educational Foundation Inc tax-deductible?
Belgian American Educational Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131606002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Belgian American Educational Foundation Inc. a good charity?
Based on its financial filings, the Belgian American Educational Foundation Inc. appears to be a very good charity. It consistently maintains low expenses relative to revenue, has a strong and growing asset base, and reports zero officer compensation, indicating a high dedication of resources to its mission.
How does the organization fund its operations?
The organization primarily funds its operations through significant revenue streams, which have ranged from $7.5 million to $18.6 million annually over the past decade. Given its NTEE code and asset growth, it likely relies on investment income, grants, and potentially donations to support its educational programs.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $104.5 million in 2014 to $186.6 million in 2023, demonstrating excellent financial stewardship and long-term stability.
Filing History
IRS 990 filing history for Belgian American Educational Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belgian American Educational Foundation Inc's revenue has grown by 31.4%, moving from $7.5M to $9.9M. Total assets increased by 161.5% over the same period, from $71.4M to $186.6M. Total functional expenses rose by 67.2%, from $3.0M to $5.1M. In its most recent filing year (2023), Belgian American Educational Foundation Inc reported a surplus of $4.8M, with revenue exceeding expenses. The organization holds $754K in liabilities against $186.6M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $185.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $5.1M | $186.6M | $754K | — | View 990 |
| 2022 | $13.2M | $4.8M | $169.9M | $755K | — | View 990 |
| 2021 | $18.7M | $4.5M | $187.4M | $1.2M | — | View 990 |
| 2020 | $12.6M | $4.8M | $148.4M | $596K | — | — |
| 2019 | $13.2M | $5.0M | $139.7M | $613K | — | View 990 |
| 2018 | $9.4M | $4.3M | $140.4M | $428K | — | View 990 |
| 2017 | $7.9M | $4.2M | $125.6M | $396K | — | View 990 |
| 2016 | $9.8M | $4.0M | $114.7M | $399K | — | View 990 |
| 2015 | $11.2M | $3.8M | $104.2M | $300K | — | View 990 |
| 2014 | $7.5M | $3.3M | $104.6M | $260K | — | View 990 |
| 2013 | $7.6M | $3.7M | $90.6M | $250K | — | View 990 |
| 2012 | $11.0M | $3.4M | $81.8M | $155K | — | View 990 |
| 2011 | $7.5M | $3.0M | $71.4M | $200K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $5.1M, and assets of $186.6M (revenue -25.0% year-over-year).
- 2022: Revenue of $13.2M, expenses of $4.8M, and assets of $169.9M (revenue -29.4% year-over-year).
- 2021: Revenue of $18.7M, expenses of $4.5M, and assets of $187.4M (revenue +48.3% year-over-year).
- 2020: Revenue of $12.6M, expenses of $4.8M, and assets of $148.4M (revenue -4.2% year-over-year).
- 2019: Revenue of $13.2M, expenses of $5.0M, and assets of $139.7M (revenue +40.6% year-over-year).
- 2018: Revenue of $9.4M, expenses of $4.3M, and assets of $140.4M (revenue +18.5% year-over-year).
- 2017: Revenue of $7.9M, expenses of $4.2M, and assets of $125.6M (revenue -19.0% year-over-year).
- 2016: Revenue of $9.8M, expenses of $4.0M, and assets of $114.7M (revenue -13.1% year-over-year).
- 2015: Revenue of $11.2M, expenses of $3.8M, and assets of $104.2M (revenue +49.4% year-over-year).
- 2014: Revenue of $7.5M, expenses of $3.3M, and assets of $104.6M (revenue -1.5% year-over-year).
- 2013: Revenue of $7.6M, expenses of $3.7M, and assets of $90.6M (revenue -30.5% year-over-year).
- 2012: Revenue of $11.0M, expenses of $3.4M, and assets of $81.8M (revenue +45.6% year-over-year).
- 2011: Revenue of $7.5M, expenses of $3.0M, and assets of $71.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belgian American Educational Foundation Inc:
Data Sources and Methodology
This transparency report for Belgian American Educational Foundation 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.