Benco Family Foundation
Benco Family Foundation reports significant negative revenue in 2023 amidst fluctuating financial performance.
EIN: 137483658 · Pittston, PA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Program Spending | 90% |
| Net Assets | $4.3M |
| Transparency Score | 75/100 |
Is Benco Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Benco Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Benco Family Foundation
Benco Family Foundation (EIN: 137483658) is a nonprofit organization based in Pittston, PA, classified under NTEE code T20. The organization reported total revenue of $1.5M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Benco Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Benco Family Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -149.5% | +54.4% | -26.1% |
| 2022 | +64.7% | +72.0% | -0.7% |
| 2021 | -55.5% | +53.1% | +9.1% |
| 2020 | +374.7% | -34.3% | +8.5% |
| 2019 | -76.0% | +37.0% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Benco Family Foundation with a Mission Score of 75 out of 100 (Good). 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, Benco Family Foundation 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:
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive compensation directly from the foundation, which is highly favorable for minimizing administrative overhead.
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 Benco Family Foundation's IRS 990 filings:
- Significant negative revenue in the most recent fiscal period (202312) of $-426,703.
- Expenses ($1,039,851) significantly exceeded revenue ($-426,703) in 2023, leading to a substantial net loss and asset decrease.
Strengths
The following positive indicators were identified for Benco Family Foundation:
- Consistent 0% officer compensation across all reported years, indicating efficient use of funds at the executive level.
- Long-term asset growth from $2.2 million in 2011 to over $4.1 million currently, demonstrating financial stability over time.
- Consistent filing of IRS Form 990s, indicating adherence to transparency requirements.
Frequently Asked Questions about Benco Family Foundation
Is Benco Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Benco Family Foundation (EIN: 137483658) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Benco Family Foundation spend its money?
Benco Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Benco Family Foundation tax-deductible?
Benco Family Foundation is registered as a tax-exempt nonprofit (EIN: 137483658). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Benco Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Benco Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Benco Family Foundation located?
Benco Family Foundation is headquartered in Pittston, Pennsylvania and files with the IRS under EIN 137483658. It is classified under NTEE code T20.
How many years of IRS 990 filings does Benco Family Foundation have?
Benco Family 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 $1.5M in total revenue.
What caused the $-426,703 negative revenue in the 2023 fiscal period?
The IRS 990 summary data does not provide specific details for this negative revenue. It could be due to significant investment losses, a large return of grants, or other non-operating income adjustments. A review of the full 990 form for 2023 would be necessary to understand the specific financial events.
How does the Benco Family Foundation sustain its operations with 0% officer compensation?
The consistent 0% officer compensation suggests that executive functions are either performed on a purely volunteer basis, or compensation for these roles is covered by a related entity or individual outside of the foundation's direct expenses. This is a common practice for family foundations aiming to maximize grant distributions.
What is the typical grant-making activity or program focus of the foundation?
Given its NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the Benco Family Foundation primarily operates as a grant-making entity. The filings do not detail specific program areas, but its purpose is to support other charitable organizations or causes through grants.
Is the foundation's asset growth sustainable given the recent negative revenue?
While assets have generally grown over the long term, the negative revenue in 2023, combined with expenses exceeding revenue, led to a decrease in assets from $5.8 million in 2022 to $4.3 million in 2023. Sustained negative revenue could impact future asset growth and grant-making capacity.
Filing History
IRS 990 filing history for Benco Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Benco Family Foundation's revenue has declined by 184.4%, moving from $506K to $-426,703. Total assets increased by 95% over the same period, from $2.2M to $4.3M. Total functional expenses rose by 898.1%, from $104K to $1.0M. The organization holds $65K in liabilities against $4.3M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-426,703 | $1.0M | $4.3M | $65K | — | — |
| 2022 | $863K | $673K | $5.9M | $110K | — | View 990 |
| 2021 | $524K | $391K | $5.9M | $364K | — | View 990 |
| 2020 | $1.2M | $256K | $5.4M | $3K | — | View 990 |
| 2019 | $248K | $389K | $5.0M | $0 | — | View 990 |
| 2015 | $1.0M | $284K | $4.5M | $1 | — | View 990 |
| 2014 | $592K | $340K | $4.2M | $1 | — | View 990 |
| 2013 | $797K | $205K | $3.9M | $0 | — | View 990 |
| 2012 | $462K | $138K | $2.8M | $1 | — | View 990 |
| 2011 | $506K | $104K | $2.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-426,703, expenses of $1.0M, and assets of $4.3M (revenue -149.5% year-over-year).
- 2022: Revenue of $863K, expenses of $673K, and assets of $5.9M (revenue +64.7% year-over-year).
- 2021: Revenue of $524K, expenses of $391K, and assets of $5.9M (revenue -55.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $256K, and assets of $5.4M (revenue +374.7% year-over-year).
- 2019: Revenue of $248K, expenses of $389K, and assets of $5.0M (revenue -76.0% year-over-year).
- 2015: Revenue of $1.0M, expenses of $284K, and assets of $4.5M (revenue +74.5% year-over-year).
- 2014: Revenue of $592K, expenses of $340K, and assets of $4.2M (revenue -25.8% year-over-year).
- 2013: Revenue of $797K, expenses of $205K, and assets of $3.9M (revenue +72.4% year-over-year).
- 2012: Revenue of $462K, expenses of $138K, and assets of $2.8M (revenue -8.6% year-over-year).
- 2011: Revenue of $506K, expenses of $104K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Benco Family Foundation:
Data Sources and Methodology
This transparency report for Benco Family 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.