Benjamin And Sophie Charitable Foundation
Benjamin And Sophie Charitable Foundation faces significant financial challenges with consistent operating deficits and declining assets.
EIN: 133965996 · Park City, UT · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $129K |
| Program Spending | 70% |
| Net Assets | $315K |
| Transparency Score | 45/100 |
Is Benjamin And Sophie Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Benjamin And Sophie Charitable Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Benjamin And Sophie Charitable Foundation
Benjamin And Sophie Charitable Foundation (EIN: 133965996) is a nonprofit organization based in Park City, UT, classified under NTEE code T22Z. The organization reported total revenue of $26K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Benjamin And Sophie Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Benjamin And Sophie Charitable Foundation is a micro nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $129K |
| Surplus / Deficit | $-51,527 |
| Total Assets | $315K |
| Total Liabilities | $1 |
| Net Assets | $315K |
| Operating Margin | -66.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 29.4 months |
Financial Health Grade: B
In 2023, Benjamin And Sophie Charitable Foundation reported a deficit of $52K with expenses exceeding revenue, holds 29.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Benjamin And Sophie Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | -14.9% | -18.1% |
| 2022 | +141.4% | +48.5% | -11.5% |
| 2021 | -19.7% | -20.9% | -13.4% |
| 2020 | -0.6% | -3.1% | -17.2% |
| 2019 | -44.3% | -5.2% | -30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Benjamin And Sophie Charitable Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Benjamin And Sophie Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a positive aspect for minimizing administrative costs.
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 Benjamin And Sophie Charitable Foundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $51,527 in 2023, $68,331 in 2022).
- Substantial and continuous decline in total assets over the past decade (from $1.2M in 2011 to $314,919 in 2023).
- Expenses consistently outweighing revenue in every reported period.
- Reliance on drawing down existing assets to cover operational costs.
Strengths
The following positive indicators were identified for Benjamin And Sophie Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
- Regular filing of IRS Form 990s, demonstrating compliance and transparency in reporting.
Frequently Asked Questions about Benjamin And Sophie Charitable Foundation
Is Benjamin And Sophie Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Benjamin And Sophie Charitable Foundation (EIN: 133965996) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Benjamin And Sophie Charitable Foundation spend its money?
Benjamin And Sophie Charitable Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Benjamin And Sophie Charitable Foundation tax-deductible?
Benjamin And Sophie Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 133965996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Benjamin And Sophie Charitable Foundation's spending goes to programs?
Benjamin And Sophie Charitable Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Benjamin And Sophie Charitable Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Benjamin And Sophie Charitable Foundation is near average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Benjamin And Sophie Charitable Foundation located?
Benjamin And Sophie Charitable Foundation is headquartered in Park City, Utah and files with the IRS under EIN 133965996. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Benjamin And Sophie Charitable Foundation have?
Benjamin And Sophie Charitable 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 $26K in total revenue.
Is the Benjamin And Sophie Charitable Foundation financially sustainable?
Based on the consistent and significant operating deficits (e.g., $51,527 loss in 2023) and the continuous decline in assets from over $1.2 million in 2011 to $314,919 in 2023, the foundation's current financial model appears unsustainable.
What is the primary cause of the asset decline?
The primary cause of the asset decline is the consistent expenditure exceeding revenue in every reported period, forcing the organization to draw down its existing asset base to cover operational costs.
How does the absence of officer compensation impact the organization?
The absence of officer compensation (0% reported) indicates that the organization is not incurring executive salary expenses, which is generally positive for reducing administrative overhead. However, despite this, the organization still faces significant deficits.
What is the organization's strategy to address its financial deficits?
The provided data does not detail the organization's strategy to address its persistent financial deficits. Given the trend, a clear plan for increasing revenue or significantly reducing expenses is critical for its future.
Filing History
IRS 990 filing history for Benjamin And Sophie Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Benjamin And Sophie Charitable Foundation's revenue has grown by 37.6%, moving from $56K to $77K. Total assets decreased by 74.1% over the same period, from $1.2M to $315K. Total functional expenses fell by 36.5%, from $203K to $129K. In its most recent filing year (2023), Benjamin And Sophie Charitable Foundation reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $315K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $315K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $129K | $315K | $1 | — | — |
| 2022 | $83K | $151K | $385K | $18K | — | — |
| 2021 | $34K | $102K | $435K | $1 | — | — |
| 2020 | $43K | $129K | $502K | $0 | — | View 990 |
| 2019 | $43K | $133K | $606K | $18K | — | View 990 |
| 2015 | $77K | $140K | $867K | $0 | — | View 990 |
| 2014 | $40K | $176K | $930K | $0 | — | View 990 |
| 2013 | $96K | $152K | $1.1M | $0 | — | View 990 |
| 2012 | $54K | $158K | $1.1M | $0 | — | View 990 |
| 2011 | $56K | $203K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $129K, and assets of $315K (revenue -6.8% year-over-year).
- 2022: Revenue of $83K, expenses of $151K, and assets of $385K (revenue +141.4% year-over-year).
- 2021: Revenue of $34K, expenses of $102K, and assets of $435K (revenue -19.7% year-over-year).
- 2020: Revenue of $43K, expenses of $129K, and assets of $502K (revenue -0.6% year-over-year).
- 2019: Revenue of $43K, expenses of $133K, and assets of $606K (revenue -44.3% year-over-year).
- 2015: Revenue of $77K, expenses of $140K, and assets of $867K (revenue +95.2% year-over-year).
- 2014: Revenue of $40K, expenses of $176K, and assets of $930K (revenue -58.8% year-over-year).
- 2013: Revenue of $96K, expenses of $152K, and assets of $1.1M (revenue +76.9% year-over-year).
- 2012: Revenue of $54K, expenses of $158K, and assets of $1.1M (revenue -3.3% year-over-year).
- 2011: Revenue of $56K, expenses of $203K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Benjamin And Sophie Charitable Foundation:
Data Sources and Methodology
This transparency report for Benjamin And Sophie Charitable 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.