Benedictine Educational Foundation
EIN: 453960058 · Richmond, VA · NTEE: B11
Is Benedictine Educational Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Benedictine Educational Foundation
Benedictine Educational Foundation (EIN: 453960058) is a nonprofit organization based in Richmond, VA, classified under NTEE code B11. The organization reported total revenue of $14.0M and total assets of $41.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Benedictine Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Benedictine Educational Foundation is a large nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 28.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.9M |
| Total Expenses | $11.3M |
| Surplus / Deficit | +$8.5M |
| Total Assets | $32.9M |
| Total Liabilities | $14.4M |
| Net Assets | $18.5M |
| Operating Margin | 43.0% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 34.9 months |
Financial Health Grade: A
In 2023, Benedictine Educational Foundation reported a surplus of $8.5M with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Benedictine Educational Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.5% | -48.4% | +10.4% |
| 2022 | +15.4% | +287.1% | -3.1% |
| 2021 | +22.7% | -56.4% | +60.2% |
| 2020 | -12.4% | +345.5% | +21.1% |
| 2019 | +13.4% | +105.4% | +41.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Benedictine Educational 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 Benedictine Educational 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 $8.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.7%.
Frequently Asked Questions about Benedictine Educational Foundation
Is Benedictine Educational Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Benedictine Educational Foundation (EIN: 453960058) insufficient data. 0 red flags identified, 0 strengths noted.
How does Benedictine Educational Foundation spend its money?
Detailed spending breakdown data is not yet available for Benedictine Educational Foundation. Check back for updated IRS 990 analysis.
Are donations to Benedictine Educational Foundation tax-deductible?
Benedictine Educational Foundation is registered as a tax-exempt nonprofit (EIN: 453960058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Benedictine Educational Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Benedictine Educational Foundation's revenue has grown by 1471.8%, moving from $1.3M to $19.9M. Total assets increased by 3844.5% over the same period, from $834K to $32.9M. Total functional expenses rose by 2069%, from $522K to $11.3M. In its most recent filing year (2023), Benedictine Educational Foundation reported a surplus of $8.5M, with revenue exceeding expenses. The organization holds $14.4M in liabilities against $32.9M in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $18.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.9M | $11.3M | $32.9M | $14.4M | — | View 990 |
| 2022 | $10.8M | $22.0M | $29.8M | $19.7M | — | View 990 |
| 2021 | $9.4M | $5.7M | $30.8M | $7.3M | — | — |
| 2020 | $7.6M | $13.0M | $19.2M | $8.4M | — | View 990 |
| 2019 | $8.7M | $2.9M | $15.8M | $19K | — | View 990 |
| 2018 | $7.7M | $1.4M | $11.2M | $45K | — | View 990 |
| 2017 | $1.5M | $1.1M | $5.7M | $6K | — | View 990 |
| 2016 | $2.1M | $1.4M | $5.1M | $106K | — | View 990 |
| 2015 | $1.9M | $2.4M | $4.6M | $612K | — | View 990 |
| 2014 | $2.8M | $2.3M | $5.0M | $241K | — | View 990 |
| 2013 | $2.2M | $1.3M | $4.5M | $276K | — | View 990 |
| 2012 | $1.3M | $522K | $834K | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.9M, expenses of $11.3M, and assets of $32.9M (revenue +83.5% year-over-year).
- 2022: Revenue of $10.8M, expenses of $22.0M, and assets of $29.8M (revenue +15.4% year-over-year).
- 2021: Revenue of $9.4M, expenses of $5.7M, and assets of $30.8M (revenue +22.7% year-over-year).
- 2020: Revenue of $7.6M, expenses of $13.0M, and assets of $19.2M (revenue -12.4% year-over-year).
- 2019: Revenue of $8.7M, expenses of $2.9M, and assets of $15.8M (revenue +13.4% year-over-year).
- 2018: Revenue of $7.7M, expenses of $1.4M, and assets of $11.2M (revenue +412.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.1M, and assets of $5.7M (revenue -27.9% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.4M, and assets of $5.1M (revenue +11.1% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.4M, and assets of $4.6M (revenue -32.2% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.3M, and assets of $5.0M (revenue +25.0% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.3M, and assets of $4.5M (revenue +74.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $522K, and assets of $834K.
Data Sources and Methodology
This transparency report for Benedictine Educational 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.