Benefits Management Inc
Benefits Management Inc. consistently operates near break-even with no reported officer compensation or liabilities, but assets are declining.
EIN: 200550190 · Wilmington, NC · NTEE: P99 · Updated: 2026-03-28
Is Benefits Management Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Benefits Management Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Benefits Management Inc
Benefits Management Inc (EIN: 200550190) is a nonprofit organization based in Wilmington, NC, classified under NTEE code P99. The organization reported total revenue of $508K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Benefits Management Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Benefits Management Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $486K |
| Total Expenses | $485K |
| Surplus / Deficit | +$1K |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | 0.2% |
| Months of Reserves | 0.1 months |
Financial Health Grade: A
In 2023, Benefits Management Inc reported a surplus of $1K with revenue exceeding expenses, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Benefits Management Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +3.8% | +37.3% |
| 2022 | +4.4% | +3.4% | +17.4% |
| 2021 | +0.8% | +3.2% | -62.7% |
| 2020 | +5.6% | +4.1% | +169.8% |
| 2019 | +3.1% | +6.6% | -79.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Benefits Management Inc with a Mission Score of 60 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: 85%
- fundraising: 5%
According to IRS 990 filings, Benefits Management Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Executive Compensation Analysis
Benefits Management Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $400,000. This suggests either an entirely volunteer-led executive team or that compensation is being reported in a non-standard manner, which could impact transparency.
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 Benefits Management Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this size.
- Consistent reporting of $0 in liabilities, which is uncommon for an operating entity.
- Significant decline in reported assets over the past decade, from $37,535 in 2015 to $2,020 currently.
- NTEE code P99 (Unknown) indicates a lack of clear programmatic classification, hindering mission assessment.
Strengths
The following positive indicators were identified for Benefits Management Inc:
- Consistently operates near break-even, indicating tight financial management with revenues closely matching expenses (e.g., 2023: $485,974 revenue vs. $484,900 expenses).
- Stable revenue stream over the past decade, consistently above $400,000 annually.
Frequently Asked Questions about Benefits Management Inc
Is Benefits Management Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Benefits Management Inc (EIN: 200550190) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does Benefits Management Inc spend its money?
Benefits Management Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Benefits Management Inc tax-deductible?
Benefits Management Inc is registered as a tax-exempt nonprofit (EIN: 200550190). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Benefits Management Inc. consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual revenues consistently above $400,000. This could indicate an entirely volunteer-led executive team, or that compensation is being categorized differently within their expenses, which would require further clarification for full transparency.
What is the reason for the significant decline in assets from $37,535 in 2015 to $2,020 currently?
The organization's assets have shown a notable decline, from $37,535 in 2015 to $2,020 currently, despite stable or increasing revenues. This trend warrants further investigation to understand if funds are being spent on programs, invested, or if there are other factors contributing to the reduction in reported assets.
Why does the organization consistently report $0 in liabilities?
Reporting zero liabilities across all filings is highly uncommon for any operating organization, regardless of size. This could suggest a unique operational model or a reporting anomaly that requires further explanation to ensure financial transparency.
What specific programs does Benefits Management Inc. operate given its NTEE code P99 (Unknown)?
The NTEE code P99 (Unknown) indicates a lack of specific classification for the organization's programmatic activities. To assess its impact and mission effectiveness, more detailed information on its programs and services is needed.
Filing History
IRS 990 filing history for Benefits Management Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Benefits Management Inc's revenue has grown by 89.9%, moving from $256K to $486K. Total assets increased by 82.6% over the same period, from $2K to $4K. Total functional expenses rose by 90.2%, from $255K to $485K. In its most recent filing year (2023), Benefits Management Inc reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $486K | $485K | $4K | $0 | — | — |
| 2022 | $468K | $467K | $3K | $0 | — | View 990 |
| 2021 | $448K | $452K | $2K | $0 | — | View 990 |
| 2020 | $444K | $438K | $7K | $0 | — | View 990 |
| 2019 | $421K | $420K | $2K | $0 | — | View 990 |
| 2018 | $408K | $395K | $12K | $10K | — | View 990 |
| 2017 | $416K | $414K | $20K | $19K | — | View 990 |
| 2016 | $416K | $401K | $23K | $19K | — | View 990 |
| 2015 | $429K | $406K | $38K | $37K | — | View 990 |
| 2014 | $362K | $360K | $13K | $10K | — | View 990 |
| 2013 | $329K | $321K | $9K | $5K | — | View 990 |
| 2012 | $278K | $276K | $2K | $3K | — | View 990 |
| 2011 | $256K | $255K | $2K | $5K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $486K, expenses of $485K, and assets of $4K (revenue +3.9% year-over-year).
- 2022: Revenue of $468K, expenses of $467K, and assets of $3K (revenue +4.4% year-over-year).
- 2021: Revenue of $448K, expenses of $452K, and assets of $2K (revenue +0.8% year-over-year).
- 2020: Revenue of $444K, expenses of $438K, and assets of $7K (revenue +5.6% year-over-year).
- 2019: Revenue of $421K, expenses of $420K, and assets of $2K (revenue +3.1% year-over-year).
- 2018: Revenue of $408K, expenses of $395K, and assets of $12K (revenue -1.9% year-over-year).
- 2017: Revenue of $416K, expenses of $414K, and assets of $20K (revenue +-0.0% year-over-year).
- 2016: Revenue of $416K, expenses of $401K, and assets of $23K (revenue -3.0% year-over-year).
- 2015: Revenue of $429K, expenses of $406K, and assets of $38K (revenue +18.7% year-over-year).
- 2014: Revenue of $362K, expenses of $360K, and assets of $13K (revenue +10.0% year-over-year).
- 2013: Revenue of $329K, expenses of $321K, and assets of $9K (revenue +18.4% year-over-year).
- 2012: Revenue of $278K, expenses of $276K, and assets of $2K (revenue +8.5% year-over-year).
- 2011: Revenue of $256K, expenses of $255K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Benefits Management Inc:
Data Sources and Methodology
This transparency report for Benefits Management 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.