Belmont Chapel Foundation
EIN: 462494229 · Newport, RI · NTEE: A02
| Metric | Value |
|---|---|
| Total Revenue | $292K |
| Total Expenses | $60K |
| Net Assets | $2.2M |
Is Belmont Chapel Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Belmont Chapel Foundation
Belmont Chapel Foundation (EIN: 462494229) is a nonprofit organization based in Newport, RI, classified under NTEE code A02. The organization reported total revenue of $292K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belmont Chapel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belmont Chapel Foundation is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -51.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $60K |
| Surplus / Deficit | +$102K |
| Total Assets | $2.3M |
| Total Liabilities | $59K |
| Net Assets | $2.2M |
| Operating Margin | 62.8% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 456.5 months |
Financial Health Grade: A
In 2023, Belmont Chapel Foundation reported a surplus of $102K with revenue exceeding expenses, holds 456.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Belmont Chapel Foundation's revenue has declined at a compound annual growth rate (CAGR) of -51.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.3% | +8.2% | +3.9% |
| 2022 | +119.7% | +241.7% | +227.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Belmont Chapel Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Belmont Chapel Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $102K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Belmont Chapel Foundation
Is Belmont Chapel Foundation a legitimate charity?
Belmont Chapel Foundation (EIN: 462494229) is a registered tax-exempt nonprofit based in Rhode Island. It has 3 years of IRS 990 filings on record. Total revenue: $292K. No red flags identified. Financial health grade: A.
How does Belmont Chapel Foundation spend its money?
Belmont Chapel Foundation reported $292K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Belmont Chapel Foundation tax-deductible?
Belmont Chapel Foundation is registered as a tax-exempt nonprofit (EIN: 462494229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Belmont Chapel Foundation located?
Belmont Chapel Foundation is headquartered in Newport, Rhode Island and files with the IRS under EIN 462494229. It is classified under NTEE code A02.
How many years of IRS 990 filings does Belmont Chapel Foundation have?
Belmont Chapel Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $292K in total revenue.
Filing History
IRS 990 filing history for Belmont Chapel Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Belmont Chapel Foundation's revenue has declined by 76.5%, moving from $690K to $162K. Total assets increased by 239.9% over the same period, from $675K to $2.3M. Total functional expenses rose by 269.8%, from $16K to $60K. In its most recent filing year (2023), Belmont Chapel Foundation reported a surplus of $102K, with revenue exceeding expenses. The organization holds $59K in liabilities against $2.3M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $60K | $2.3M | $59K | — | View 990 |
| 2022 | $1.5M | $56K | $2.2M | $75K | — | View 990 |
| 2021 | $690K | $16K | $675K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $60K, and assets of $2.3M (revenue -89.3% year-over-year).
- 2022: Revenue of $1.5M, expenses of $56K, and assets of $2.2M (revenue +119.7% year-over-year).
- 2021: Revenue of $690K, expenses of $16K, and assets of $675K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belmont Chapel Foundation:
Data Sources and Methodology
This transparency report for Belmont Chapel Foundation 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.