Bideawee Inc
Bideawee Inc. shows strong asset growth but recent filings indicate a deficit and rising liabilities.
EIN: 131655210 · Wantagh, NY · NTEE: D200 · Updated: 2026-03-28
Is Bideawee Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bideawee Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bideawee Inc
Bideawee Inc (EIN: 131655210) is a nonprofit organization based in Wantagh, NY, classified under NTEE code D200. The organization reported total revenue of $24.2M and total assets of $49.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bideawee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bideawee Inc is a large nonprofit that has been operating for 101 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.1M |
| Total Expenses | $12.6M |
| Surplus / Deficit | $-428,530 |
| Total Assets | $45.2M |
| Total Liabilities | $14.6M |
| Net Assets | $30.6M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 32.3% |
| Months of Reserves | 43.1 months |
Financial Health Grade: B
In 2023, Bideawee Inc reported a deficit of $429K with expenses exceeding revenue, holds 43.1 months of operating reserves (strong position), has a debt-to-asset ratio of 32.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bideawee Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.6% | +6.2% | +6.6% |
| 2022 | +40.5% | +2.1% | +8.0% |
| 2021 | -13.7% | +7.3% | +32.2% |
| 2020 | +40.4% | +6.2% | +9.4% |
| 2019 | -22.1% | +1.7% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1925 |
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 Bideawee Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bideawee Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $429K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.3%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed filing periods, suggesting that executive compensation is either not paid, paid through a related entity, or reported under other expense categories, which could impact the clarity of compensation transparency.
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 Bideawee Inc's IRS 990 filings:
- Operating deficit in the most recent filing period (202309: Expenses $12,566,990 > Revenue $12,138,460)
- Significant and rapid increase in liabilities from $839,522 in 202009 to $14,590,321 in 202309 without clear explanation in summary data
- Lack of reported officer compensation (0%) across all periods, which may obscure executive pay practices if not clearly explained elsewhere.
Strengths
The following positive indicators were identified for Bideawee Inc:
- Strong and growing asset base, reaching $45,186,952 in 202309, providing financial stability.
- Consistent revenue generation over the past decade, indicating stable donor support or program income.
- Long history of IRS 990 filings (13 filings), suggesting established operations and compliance.
Frequently Asked Questions about Bideawee Inc
Is Bideawee Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bideawee Inc (EIN: 131655210) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Bideawee Inc spend its money?
Bideawee Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bideawee Inc tax-deductible?
Bideawee Inc is registered as a tax-exempt nonprofit (EIN: 131655210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities from $839,522 in 202009 to $14,590,321 in 202309?
The provided data does not specify the nature of these liabilities, but such a substantial increase warrants investigation into whether it's due to long-term debt, capital projects, or other obligations.
Why is officer compensation consistently reported as 0%?
This could mean that officers are volunteers, compensated by a related organization, or their compensation is categorized differently within the 990, requiring a deeper dive into the full filing for clarity.
How does Bideawee Inc. plan to address the recent operating deficit of $428,530 in the 202309 period?
The summary data does not provide details on future financial strategies, but the organization's substantial assets could absorb short-term deficits.
Filing History
IRS 990 filing history for Bideawee Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bideawee Inc's revenue has grown by 13.3%, moving from $10.7M to $12.1M. Total assets increased by 61.1% over the same period, from $28.1M to $45.2M. Total functional expenses rose by 41.9%, from $8.9M to $12.6M. In its most recent filing year (2023), Bideawee Inc reported a deficit of $429K, with expenses exceeding revenue. The organization holds $14.6M in liabilities against $45.2M in assets (debt-to-asset ratio: 32.3%), resulting in net assets of $30.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.1M | $12.6M | $45.2M | $14.6M | — | View 990 |
| 2022 | $15.1M | $11.8M | $42.4M | $12.7M | — | — |
| 2021 | $10.7M | $11.6M | $39.3M | $9.2M | — | View 990 |
| 2020 | $12.4M | $10.8M | $29.7M | $840K | — | — |
| 2019 | $8.9M | $10.2M | $27.2M | $680K | — | View 990 |
| 2018 | $11.4M | $10.0M | $28.0M | $448K | — | View 990 |
| 2017 | $10.9M | $10.6M | $27.1M | $770K | — | View 990 |
| 2016 | $10.0M | $10.1M | $26.1M | $586K | — | View 990 |
| 2015 | $9.0M | $10.2M | $25.6M | $773K | — | View 990 |
| 2014 | $9.4M | $10.2M | $27.5M | $686K | — | View 990 |
| 2013 | $8.9M | $10.1M | $27.9M | $769K | — | View 990 |
| 2012 | $10.4M | $10.1M | $29.3M | $829K | — | View 990 |
| 2011 | $10.7M | $8.9M | $28.1M | $461K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.1M, expenses of $12.6M, and assets of $45.2M (revenue -19.6% year-over-year).
- 2022: Revenue of $15.1M, expenses of $11.8M, and assets of $42.4M (revenue +40.5% year-over-year).
- 2021: Revenue of $10.7M, expenses of $11.6M, and assets of $39.3M (revenue -13.7% year-over-year).
- 2020: Revenue of $12.4M, expenses of $10.8M, and assets of $29.7M (revenue +40.4% year-over-year).
- 2019: Revenue of $8.9M, expenses of $10.2M, and assets of $27.2M (revenue -22.1% year-over-year).
- 2018: Revenue of $11.4M, expenses of $10.0M, and assets of $28.0M (revenue +4.6% year-over-year).
- 2017: Revenue of $10.9M, expenses of $10.6M, and assets of $27.1M (revenue +9.1% year-over-year).
- 2016: Revenue of $10.0M, expenses of $10.1M, and assets of $26.1M (revenue +11.5% year-over-year).
- 2015: Revenue of $9.0M, expenses of $10.2M, and assets of $25.6M (revenue -5.0% year-over-year).
- 2014: Revenue of $9.4M, expenses of $10.2M, and assets of $27.5M (revenue +6.2% year-over-year).
- 2013: Revenue of $8.9M, expenses of $10.1M, and assets of $27.9M (revenue -14.6% year-over-year).
- 2012: Revenue of $10.4M, expenses of $10.1M, and assets of $29.3M (revenue -3.1% year-over-year).
- 2011: Revenue of $10.7M, expenses of $8.9M, and assets of $28.1M.
Data Sources and Methodology
This transparency report for Bideawee 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.