Ben M Cart Foundation
EIN: 461035516 · Spartanburg, SC · NTEE: T11
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $17K |
| Net Assets | $774K |
Is Ben M Cart Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ben M Cart Foundation
Ben M Cart Foundation (EIN: 461035516) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code T11. The organization reported total revenue of $16K and total assets of $842K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ben M Cart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ben M Cart Foundation is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -35.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $17K |
| Surplus / Deficit | $-3,376 |
| Total Assets | $774K |
| Net Assets | $774K |
| Operating Margin | -25.2% |
| Months of Reserves | 553.7 months |
Financial Health Grade: B
In 2023, Ben M Cart Foundation reported a deficit of $3K with expenses exceeding revenue, holds 553.7 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Ben M Cart Foundation's revenue has declined at a compound annual growth rate (CAGR) of -35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | -10.2% | +10.2% |
| 2022 | +18.2% | -14.9% | -14.3% |
| 2021 | +11.5% | +26.2% | +7.8% |
| 2020 | -7.6% | +2.6% | +8.8% |
| 2019 | -31.4% | -22.8% | +14.5% |
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 Ben M Cart 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 Ben M Cart 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 deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Ben M Cart Foundation
Is Ben M Cart Foundation a legitimate charity?
Ben M Cart Foundation (EIN: 461035516) is a registered tax-exempt nonprofit based in South Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $16K. No red flags identified. Financial health grade: B.
How does Ben M Cart Foundation spend its money?
Ben M Cart Foundation reported $16K 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 M Cart Foundation tax-deductible?
Ben M Cart Foundation is registered as a tax-exempt nonprofit (EIN: 461035516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ben M Cart Foundation located?
Ben M Cart Foundation is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 461035516. It is classified under NTEE code T11.
How many years of IRS 990 filings does Ben M Cart Foundation have?
Ben M Cart Foundation 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 $16K in total revenue.
Filing History
IRS 990 filing history for Ben M Cart Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Ben M Cart Foundation's revenue has declined by 97.9%, moving from $645K to $13K. Total assets increased by 25.6% over the same period, from $616K to $774K. Total functional expenses fell by 38.4%, from $27K to $17K. In its most recent filing year (2023), Ben M Cart Foundation reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $17K | $774K | $0 | — | — |
| 2022 | $12K | $19K | $702K | $0 | — | View 990 |
| 2021 | $10K | $22K | $819K | $0 | — | View 990 |
| 2020 | $9K | $17K | $760K | $0 | — | — |
| 2019 | $10K | $17K | $699K | $0 | — | View 990 |
| 2018 | $14K | $22K | $610K | $0 | — | View 990 |
| 2017 | $9K | $14K | $666K | $0 | — | View 990 |
| 2016 | $9K | $15K | $602K | $0 | — | View 990 |
| 2015 | $10K | $18K | $585K | $0 | — | View 990 |
| 2014 | $645K | $27K | $616K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $17K, and assets of $774K (revenue +12.5% year-over-year).
- 2022: Revenue of $12K, expenses of $19K, and assets of $702K (revenue +18.2% year-over-year).
- 2021: Revenue of $10K, expenses of $22K, and assets of $819K (revenue +11.5% year-over-year).
- 2020: Revenue of $9K, expenses of $17K, and assets of $760K (revenue -7.6% year-over-year).
- 2019: Revenue of $10K, expenses of $17K, and assets of $699K (revenue -31.4% year-over-year).
- 2018: Revenue of $14K, expenses of $22K, and assets of $610K (revenue +61.3% year-over-year).
- 2017: Revenue of $9K, expenses of $14K, and assets of $666K (revenue +0.3% year-over-year).
- 2016: Revenue of $9K, expenses of $15K, and assets of $602K (revenue -15.2% year-over-year).
- 2015: Revenue of $10K, expenses of $18K, and assets of $585K (revenue -98.4% year-over-year).
- 2014: Revenue of $645K, expenses of $27K, and assets of $616K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ben M Cart Foundation:
Data Sources and Methodology
This transparency report for Ben M Cart 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.