Bentons Renaissance On Main Council Inc
Bentons Renaissance On Main Council Inc maintains positive net income and zero liabilities with volunteer leadership.
EIN: 204342672 · Benton, KY · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $46K |
| Program Spending | 85% |
| Net Assets | $47K |
| Transparency Score | 85/100 |
Is Bentons Renaissance On Main Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bentons Renaissance On Main Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bentons Renaissance On Main Council Inc
Bentons Renaissance On Main Council Inc (EIN: 204342672) is a nonprofit organization based in Benton, KY, classified under NTEE code S31. The organization reported total revenue of $83K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bentons Renaissance On Main Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bentons Renaissance On Main Council Inc is a micro nonprofit that has been operating for 20 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $46K |
| Surplus / Deficit | +$10K |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | 18.3% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Bentons Renaissance On Main Council Inc reported a surplus of $10K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Bentons Renaissance On Main Council Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.9% | -20.8% | +27.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Bentons Renaissance On Main Council Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Bentons Renaissance On Main Council 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 $10K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation was reported in either the 2023 or 2022 filings, indicating a volunteer-led organization, which significantly reduces administrative overhead and maximizes funds available for its mission.
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 Bentons Renaissance On Main Council Inc's IRS 990 filings:
- Decrease in assets from $47,049 in 2023 to $31,209 in the latest period, despite an increase in revenue, warrants further investigation into asset management.
Strengths
The following positive indicators were identified for Bentons Renaissance On Main Council Inc:
- Consistent positive net income across all reported periods ($56,017 revenue vs. $45,746 expenses in 2023; $64,337 revenue vs. $57,772 expenses in 2022).
- Zero reported liabilities in all filings, indicating strong financial stability and responsible debt management.
- 0% officer compensation reported in both 2023 and 2022, suggesting a volunteer-driven leadership and efficient use of funds.
- Growth in revenue from $56,017 in 2023 to $82,578 in the latest period.
Frequently Asked Questions about Bentons Renaissance On Main Council Inc
Is Bentons Renaissance On Main Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bentons Renaissance On Main Council Inc (EIN: 204342672) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Bentons Renaissance On Main Council Inc spend its money?
Bentons Renaissance On Main Council Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bentons Renaissance On Main Council Inc tax-deductible?
Bentons Renaissance On Main Council Inc is registered as a tax-exempt nonprofit (EIN: 204342672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bentons Renaissance On Main Council Inc's spending goes to programs?
Bentons Renaissance On Main Council Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bentons Renaissance On Main Council Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bentons Renaissance On Main Council Inc is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bentons Renaissance On Main Council Inc located?
Bentons Renaissance On Main Council Inc is headquartered in Benton, Kentucky and files with the IRS under EIN 204342672. It is classified under NTEE code S31.
How many years of IRS 990 filings does Bentons Renaissance On Main Council Inc have?
Bentons Renaissance On Main Council Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $83K in total revenue.
Is Bentons Renaissance On Main Council Inc a good charity?
Based on the available financial data, Bentons Renaissance On Main Council Inc appears to be a well-managed charity. It consistently reports positive net income, has zero liabilities, and operates with volunteer leadership (0% officer compensation), suggesting efficient use of funds and a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization has consistently maintained positive net income from 2022 to the latest period. Revenue fluctuated from $64,337 (2022) to $56,017 (2023) and then increased to $82,578 (latest), while assets decreased from $47,049 (2023) to $31,209 (latest). Expenses have remained lower than revenue in all reported periods.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it indicates that the organization's leadership is entirely volunteer-based. This typically leads to lower administrative costs and ensures a greater proportion of donated funds can be directed towards programmatic activities, enhancing the charity's efficiency.
Filing History
IRS 990 filing history for Bentons Renaissance On Main Council Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Bentons Renaissance On Main Council Inc's revenue has declined by 12.9%, moving from $64K to $56K. Total assets increased by 27.9% over the same period, from $37K to $47K. Total functional expenses fell by 20.8%, from $58K to $46K. In its most recent filing year (2023), Bentons Renaissance On Main Council Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $46K | $47K | $0 | — | View 990 |
| 2022 | $64K | $58K | $37K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bentons Renaissance On Main Council Inc:
Data Sources and Methodology
This transparency report for Bentons Renaissance On Main Council 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.