Bessemer Hall Of History Inc
EIN: 237113175 · Bessemer, AL · NTEE: A540
Is Bessemer Hall Of History Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bessemer Hall Of History Inc
Bessemer Hall Of History Inc (EIN: 237113175) is a nonprofit organization based in Bessemer, AL, classified under NTEE code A540. The organization reported total revenue of $106K and total assets of $659K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bessemer Hall Of History Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bessemer Hall Of History Inc is a small nonprofit that has been operating for 55 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $69K |
| Surplus / Deficit | $-23,008 |
| Total Assets | $615K |
| Total Liabilities | $24K |
| Net Assets | $591K |
| Operating Margin | -50.2% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 107.3 months |
Financial Health Grade: B
In 2023, Bessemer Hall Of History Inc reported a deficit of $23K with expenses exceeding revenue, holds 107.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bessemer Hall Of History Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.8% | -19.6% | -3.7% |
| 2022 | +101.1% | +89.7% | +0.6% |
| 2021 | +190.3% | -1.9% | +1.8% |
| 2020 | -67.6% | +57.5% | -2.7% |
| 2019 | +46.1% | -2.1% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bessemer Hall Of History Inc 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 Bessemer Hall Of History Inc 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 deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Bessemer Hall Of History Inc
Is Bessemer Hall Of History Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bessemer Hall Of History Inc (EIN: 237113175) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bessemer Hall Of History Inc spend its money?
Detailed spending breakdown data is not yet available for Bessemer Hall Of History Inc. Check back for updated IRS 990 analysis.
Are donations to Bessemer Hall Of History Inc tax-deductible?
Bessemer Hall Of History Inc is registered as a tax-exempt nonprofit (EIN: 237113175). 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 Bessemer Hall Of History Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bessemer Hall Of History Inc's revenue has grown by 82.3%, moving from $25K to $46K. Total assets decreased by 2.5% over the same period, from $631K to $615K. Total functional expenses rose by 153.1%, from $27K to $69K. In its most recent filing year (2023), Bessemer Hall Of History Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $24K in liabilities against $615K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $591K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46K | $69K | $615K | $24K | — | View 990 |
| 2022 | $90K | $86K | $639K | $25K | — | — |
| 2021 | $45K | $45K | $635K | $25K | — | View 990 |
| 2020 | $15K | $46K | $624K | $14K | — | View 990 |
| 2019 | $47K | $29K | $641K | $0 | — | View 990 |
| 2018 | $32K | $30K | $629K | $0 | — | View 990 |
| 2017 | $28K | $30K | $629K | $0 | — | View 990 |
| 2016 | $21K | $28K | $637K | $0 | — | View 990 |
| 2015 | $23K | $33K | $646K | $0 | — | View 990 |
| 2014 | $8K | $39K | $660K | $0 | — | View 990 |
| 2013 | $9K | $36K | $692K | $0 | — | View 990 |
| 2012 | $39K | $39K | $721K | $0 | — | View 990 |
| 2011 | $133K | $32K | $731K | $0 | — | View 990 |
| 2010 | $25K | $27K | $631K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46K, expenses of $69K, and assets of $615K (revenue -48.8% year-over-year).
- 2022: Revenue of $90K, expenses of $86K, and assets of $639K (revenue +101.1% year-over-year).
- 2021: Revenue of $45K, expenses of $45K, and assets of $635K (revenue +190.3% year-over-year).
- 2020: Revenue of $15K, expenses of $46K, and assets of $624K (revenue -67.6% year-over-year).
- 2019: Revenue of $47K, expenses of $29K, and assets of $641K (revenue +46.1% year-over-year).
- 2018: Revenue of $32K, expenses of $30K, and assets of $629K (revenue +14.4% year-over-year).
- 2017: Revenue of $28K, expenses of $30K, and assets of $629K (revenue +34.8% year-over-year).
- 2016: Revenue of $21K, expenses of $28K, and assets of $637K (revenue -8.5% year-over-year).
- 2015: Revenue of $23K, expenses of $33K, and assets of $646K (revenue +187.4% year-over-year).
- 2014: Revenue of $8K, expenses of $39K, and assets of $660K (revenue -8.9% year-over-year).
- 2013: Revenue of $9K, expenses of $36K, and assets of $692K (revenue -77.6% year-over-year).
- 2012: Revenue of $39K, expenses of $39K, and assets of $721K (revenue -70.5% year-over-year).
- 2011: Revenue of $133K, expenses of $32K, and assets of $731K (revenue +429.0% year-over-year).
- 2010: Revenue of $25K, expenses of $27K, and assets of $631K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bessemer Hall Of History Inc:
Data Sources and Methodology
This transparency report for Bessemer Hall Of History 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.