Bf Charitable Foundation
Bf Charitable Foundation consistently spends more than its revenue, drawing from a stable $1.5M+ asset base with no officer compensation.
EIN: 206675392 · Milwaukee, WI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $153K |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Bf Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bf Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bf Charitable Foundation
Bf Charitable Foundation (EIN: 206675392) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T20. The organization reported total revenue of $194K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bf Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bf Charitable Foundation is a small nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $153K |
| Surplus / Deficit | $-19,059 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -14.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 125.4 months |
Financial Health Grade: B
In 2023, Bf Charitable Foundation reported a deficit of $19K with expenses exceeding revenue, holds 125.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2023), Bf Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | -13.1% | -1.3% |
| 2022 | +116.2% | +69.2% | -6.0% |
| 2020 | -15.5% | +327.5% | -0.9% |
| 2016 | -44.4% | -96.4% | +3.1% |
| 2015 | -25.4% | +75.1% | -18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Bf Charitable Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Bf Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its asset size.
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 Bf Charitable Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $153,121 expenses vs. $134,062 revenue in 2023.
- Declining asset base over the long term, from $2,533,309 in 2012 to $1,564,923 currently, indicating asset depletion.
Strengths
The following positive indicators were identified for Bf Charitable Foundation:
- Consistent 0% officer compensation, indicating high administrative efficiency and volunteer leadership.
- Strong asset base of $1,564,923, providing financial stability despite deficit spending.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Low liabilities across all reported periods (mostly $0 or $1), indicating sound financial management.
Frequently Asked Questions about Bf Charitable Foundation
Is Bf Charitable Foundation a legitimate charity?
Bf Charitable Foundation (EIN: 206675392) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $194K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bf Charitable Foundation spend its money?
Bf Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bf Charitable Foundation tax-deductible?
Bf Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206675392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bf Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bf Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bf Charitable Foundation located?
Bf Charitable Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 206675392. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bf Charitable Foundation have?
Bf Charitable Foundation has 8 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 $194K in total revenue.
Is Bf Charitable Foundation financially sustainable given its consistent deficit spending?
While the foundation has consistently spent more than its revenue in recent years (e.g., $153,121 expenses vs. $134,062 revenue in 2023), its substantial asset base of over $1.5 million provides a significant buffer. This pattern is common for foundations that distribute grants from an endowment, but continued monitoring of asset depletion relative to spending is advisable for long-term sustainability.
What is the primary purpose of Bf Charitable Foundation?
Based on its NTEE code T20 (Private Grantmaking Foundations), Bf Charitable Foundation's primary purpose is to make grants to other organizations, rather than directly operating programs itself.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation indicates a highly efficient use of funds, as no portion of the budget is allocated to executive salaries. This suggests a volunteer-driven leadership or that compensation is covered by other entities, allowing more funds to be directed towards its grantmaking mission.
Filing History
IRS 990 filing history for Bf Charitable Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Bf Charitable Foundation's revenue has grown by 48.5%, moving from $90K to $134K. Total assets decreased by 36.8% over the same period, from $2.5M to $1.6M. Total functional expenses fell by 41.2%, from $260K to $153K. In its most recent filing year (2023), Bf Charitable Foundation reported a deficit of $19K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $153K | $1.6M | $1 | — | — |
| 2022 | $142K | $176K | $1.6M | $1 | — | View 990 |
| 2020 | $66K | $104K | $1.7M | $0 | — | View 990 |
| 2016 | $78K | $24K | $1.7M | $0 | — | View 990 |
| 2015 | $140K | $679K | $1.7M | $0 | — | View 990 |
| 2014 | $188K | $387K | $2.1M | $0 | — | View 990 |
| 2013 | $160K | $417K | $2.3M | $0 | — | View 990 |
| 2012 | $90K | $260K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $153K, and assets of $1.6M (revenue -5.7% year-over-year).
- 2022: Revenue of $142K, expenses of $176K, and assets of $1.6M (revenue +116.2% year-over-year).
- 2020: Revenue of $66K, expenses of $104K, and assets of $1.7M (revenue -15.5% year-over-year).
- 2016: Revenue of $78K, expenses of $24K, and assets of $1.7M (revenue -44.4% year-over-year).
- 2015: Revenue of $140K, expenses of $679K, and assets of $1.7M (revenue -25.4% year-over-year).
- 2014: Revenue of $188K, expenses of $387K, and assets of $2.1M (revenue +17.2% year-over-year).
- 2013: Revenue of $160K, expenses of $417K, and assets of $2.3M (revenue +77.3% year-over-year).
- 2012: Revenue of $90K, expenses of $260K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bf Charitable Foundation:
Data Sources and Methodology
This transparency report for Bf 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.