Ben Bronz Foundation Inc
EIN: 61185278 · West Hartford, CT
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $4.7M |
| Net Assets | $2.3M |
Is Ben Bronz Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ben Bronz Foundation Inc
Ben Bronz Foundation Inc (EIN: 61185278) is a nonprofit organization based in West Hartford, CT. The organization reported total revenue of $5.2M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ben Bronz Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ben Bronz Foundation Inc is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2012–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-327,400 |
| Total Assets | $2.9M |
| Total Liabilities | $584K |
| Net Assets | $2.3M |
| Operating Margin | -7.6% |
| Debt-to-Asset Ratio | 20.2% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2024, Ben Bronz Foundation Inc reported a deficit of $327K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 20.2% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.6% | +28.6% | -13.3% |
| 2023 | +34.9% | +38.8% | +34.2% |
| 2022 | +1.3% | -1.2% | +9.4% |
| 2021 | +10.1% | +7.5% | +9.6% |
| 2020 | +51.9% | +131.5% | +162.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ben Bronz Foundation Inc 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 Ben Bronz Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $327K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.2%.
Frequently Asked Questions about Ben Bronz Foundation Inc
Is Ben Bronz Foundation Inc a legitimate charity?
Ben Bronz Foundation Inc (EIN: 61185278) is a registered tax-exempt nonprofit based in Connecticut. It has 10 years of IRS 990 filings on record. Total revenue: $5.2M. No red flags identified. Financial health grade: B.
How does Ben Bronz Foundation Inc spend its money?
Ben Bronz Foundation Inc reported $5.2M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ben Bronz Foundation Inc tax-deductible?
Ben Bronz Foundation Inc is registered as a tax-exempt nonprofit (EIN: 61185278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ben Bronz Foundation Inc located?
Ben Bronz Foundation Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 61185278.
How many years of IRS 990 filings does Ben Bronz Foundation Inc have?
Ben Bronz Foundation 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 $5.2M in total revenue.
Filing History
IRS 990 filing history for Ben Bronz Foundation Inc showing financial trends over 10 years of public records:
Total assets increased by 5518.1% over the same period, from $51K to $2.9M. Total functional expenses rose by 1552313.3%, from $300 to $4.7M. In its most recent filing year (2024), Ben Bronz Foundation Inc reported a deficit of $327K, with expenses exceeding revenue. The organization holds $584K in liabilities against $2.9M in assets (debt-to-asset ratio: 20.2%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.3M | $4.7M | $2.9M | $584K | — | View 990 |
| 2023 | $4.0M | $3.6M | $3.3M | $683K | — | — |
| 2022 | $2.9M | $2.6M | $2.5M | $106K | — | View 990 |
| 2021 | $2.9M | $2.6M | $2.3M | $88K | — | View 990 |
| 2020 | $2.6M | $2.5M | $2.1M | $420K | — | View 990 |
| 2016 | $1.7M | $1.1M | $789K | $55K | — | View 990 |
| 2015 | $0 | $500 | $47K | $0 | — | View 990 |
| 2014 | $75 | $250 | $47K | $0 | — | View 990 |
| 2013 | $0 | $4K | $48K | $0 | — | View 990 |
| 2012 | $0 | $300 | $51K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.3M, expenses of $4.7M, and assets of $2.9M (revenue +9.6% year-over-year).
- 2023: Revenue of $4.0M, expenses of $3.6M, and assets of $3.3M (revenue +34.9% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.6M, and assets of $2.5M (revenue +1.3% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.6M, and assets of $2.3M (revenue +10.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $2.1M (revenue +51.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.1M, and assets of $789K.
- 2015: Revenue of $0, expenses of $500, and assets of $47K (revenue -100.0% year-over-year).
- 2014: Revenue of $75, expenses of $250, and assets of $47K.
- 2013: Revenue of $0, expenses of $4K, and assets of $48K.
- 2012: Revenue of $0, expenses of $300, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ben Bronz Foundation Inc:
Data Sources and Methodology
This transparency report for Ben Bronz 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.