Benevolence Industries Incorporated
Benevolence Industries Incorporated shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 203344362 · Torrance, CA · NTEE: E32 · Updated: 2026-03-28
Is Benevolence Industries Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Benevolence Industries Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Benevolence Industries Incorporated
Benevolence Industries Incorporated (EIN: 203344362) is a nonprofit organization based in Torrance, CA, classified under NTEE code E32. The organization reported total revenue of $15.0M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Benevolence Industries Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Benevolence Industries Incorporated with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Benevolence Industries Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Benevolence Industries Incorporated consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $18 million. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial statements, warranting further investigation for complete 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 Benevolence Industries Incorporated's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure actual executive remuneration if categorized elsewhere.
Strengths
The following positive indicators were identified for Benevolence Industries Incorporated:
- Strong and consistent revenue growth, from $4.6M in 2014 to $18.4M in 2023.
- Significant asset accumulation, growing from $1.6M in 2014 to $10.5M in 2023, indicating robust financial health.
- Positive net assets and effective expense management, with 2023 revenue ($18.4M) exceeding expenses ($14.9M).
Frequently Asked Questions about Benevolence Industries Incorporated
Is Benevolence Industries Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Benevolence Industries Incorporated (EIN: 203344362) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Benevolence Industries Incorporated spend its money?
Benevolence Industries Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Benevolence Industries Incorporated tax-deductible?
Benevolence Industries Incorporated is registered as a tax-exempt nonprofit (EIN: 203344362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Benevolence Industries Incorporated financially stable?
Yes, Benevolence Industries Incorporated appears financially stable. Its revenue has consistently grown, reaching $18,466,985 in 2023, and its assets have significantly increased from $1.6 million in 2014 to over $10.5 million in 2023, indicating strong financial health and capacity.
How does Benevolence Industries Incorporated manage executive compensation?
All available IRS 990 filings for Benevolence Industries Incorporated report 0% officer compensation. This is a notable aspect, suggesting either a volunteer executive leadership or that compensation is reported under different expense categories.
Has Benevolence Industries Incorporated experienced revenue growth?
Yes, the organization has shown consistent and significant revenue growth, increasing from $4,609,022 in 2014 to $18,466,985 in 2023, demonstrating a strong upward trend in its financial capacity.
Filing History
IRS 990 filing history for Benevolence Industries Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Benevolence Industries Incorporated's revenue has grown by 2963.2%, moving from $603K to $18.5M. Total assets increased by 3245.4% over the same period, from $314K to $10.5M. Total functional expenses rose by 2636.2%, from $546K to $15.0M. In its most recent filing year (2023), Benevolence Industries Incorporated reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $10.5M in assets (debt-to-asset ratio: 43.3%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $18.5M | $15.0M | $10.5M | $4.5M | — | — |
| 2022 | $14.8M | $12.6M | $7.8M | $5.4M | — | View 990 |
| 2021 | $13.1M | $14.0M | $6.8M | $6.5M | — | View 990 |
| 2020 | $11.8M | $13.9M | $6.4M | $5.2M | — | View 990 |
| 2019 | $13.5M | $13.4M | $7.0M | $3.7M | — | — |
| 2018 | $12.8M | $12.5M | $7.1M | $3.8M | — | View 990 |
| 2017 | $10.3M | $10.2M | $7.0M | $4.0M | — | View 990 |
| 2016 | $9.9M | $9.2M | $5.7M | $2.8M | — | View 990 |
| 2015 | $7.5M | $6.3M | $2.2M | $72K | — | View 990 |
| 2014 | $4.6M | $3.7M | $1.6M | $648K | — | View 990 |
| 2013 | $2.3M | $1.7M | $796K | $53K | — | View 990 |
| 2012 | $912K | $872K | $367K | $53K | — | View 990 |
| 2011 | $603K | $546K | $314K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.5M, expenses of $15.0M, and assets of $10.5M (revenue +24.7% year-over-year).
- 2022: Revenue of $14.8M, expenses of $12.6M, and assets of $7.8M (revenue +13.2% year-over-year).
- 2021: Revenue of $13.1M, expenses of $14.0M, and assets of $6.8M (revenue +10.8% year-over-year).
- 2020: Revenue of $11.8M, expenses of $13.9M, and assets of $6.4M (revenue -12.2% year-over-year).
- 2019: Revenue of $13.5M, expenses of $13.4M, and assets of $7.0M (revenue +5.0% year-over-year).
- 2018: Revenue of $12.8M, expenses of $12.5M, and assets of $7.1M (revenue +23.9% year-over-year).
- 2017: Revenue of $10.3M, expenses of $10.2M, and assets of $7.0M (revenue +4.3% year-over-year).
- 2016: Revenue of $9.9M, expenses of $9.2M, and assets of $5.7M (revenue +32.1% year-over-year).
- 2015: Revenue of $7.5M, expenses of $6.3M, and assets of $2.2M (revenue +62.8% year-over-year).
- 2014: Revenue of $4.6M, expenses of $3.7M, and assets of $1.6M (revenue +101.8% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.7M, and assets of $796K (revenue +150.5% year-over-year).
- 2012: Revenue of $912K, expenses of $872K, and assets of $367K (revenue +51.3% year-over-year).
- 2011: Revenue of $603K, expenses of $546K, and assets of $314K.
Data Sources and Methodology
This transparency report for Benevolence Industries Incorporated 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.