Bfdi Educational Service Inc
EIN: 834349455 · Detroit, MI · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.3M |
| Net Assets | $257K |
Is Bfdi Educational Service Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bfdi Educational Service Inc
Bfdi Educational Service Inc (EIN: 834349455) is a nonprofit organization based in Detroit, MI, classified under NTEE code B90. The organization reported total revenue of $5.1M and total assets of $894K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bfdi Educational Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bfdi Educational Service Inc is a mid-size nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-145,898 |
| Total Assets | $563K |
| Total Liabilities | $307K |
| Net Assets | $257K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 54.4% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2023, Bfdi Educational Service Inc reported a deficit of $146K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 54.4% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Bfdi Educational Service Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +10.7% | +17.2% |
| 2022 | +15.4% | +7.7% | +565.1% |
| 2021 | +11.5% | +11.5% | -53.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bfdi Educational Service 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 Bfdi Educational Service 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 $146K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.4%.
Frequently Asked Questions about Bfdi Educational Service Inc
Is Bfdi Educational Service Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bfdi Educational Service Inc (EIN: 834349455) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bfdi Educational Service Inc spend its money?
Detailed spending breakdown data is not yet available for Bfdi Educational Service Inc. Check back for updated IRS 990 analysis.
Are donations to Bfdi Educational Service Inc tax-deductible?
Bfdi Educational Service Inc is registered as a tax-exempt nonprofit (EIN: 834349455). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bfdi Educational Service Inc located?
Bfdi Educational Service Inc is headquartered in Detroit, Michigan and files with the IRS under EIN 834349455. It is classified under NTEE code B90.
How many years of IRS 990 filings does Bfdi Educational Service Inc have?
Bfdi Educational Service Inc has 4 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 $5.1M in total revenue.
Filing History
IRS 990 filing history for Bfdi Educational Service Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Bfdi Educational Service Inc's revenue has grown by 28.5%, moving from $3.3M to $4.2M. Total assets increased by 259.1% over the same period, from $157K to $563K. Total functional expenses rose by 32.9%, from $3.3M to $4.3M. In its most recent filing year (2023), Bfdi Educational Service Inc reported a deficit of $146K, with expenses exceeding revenue. The organization holds $307K in liabilities against $563K in assets (debt-to-asset ratio: 54.4%), resulting in net assets of $257K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.3M | $563K | $307K | — | — |
| 2022 | $4.2M | $3.9M | $481K | $200K | — | View 990 |
| 2021 | $3.6M | $3.6M | $72K | $72K | — | View 990 |
| 2020 | $3.3M | $3.3M | $157K | $157K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.3M, and assets of $563K (revenue -0.2% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.9M, and assets of $481K (revenue +15.4% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.6M, and assets of $72K (revenue +11.5% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.3M, and assets of $157K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bfdi Educational Service Inc:
Data Sources and Methodology
This transparency report for Bfdi Educational Service 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.