Bignon Family Foundation
Bignon Family Foundation's assets have declined by over 70% in a decade due to consistent spending exceeding revenue.
EIN: 204753405 · Irmo, SC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $182K |
| Program Spending | 60% |
| Net Assets | $416K |
| Transparency Score | 45/100 |
Is Bignon Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bignon Family Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Bignon Family Foundation
Bignon Family Foundation (EIN: 204753405) is a nonprofit organization based in Irmo, SC, classified under NTEE code T20. The organization reported total revenue of $206K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bignon Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bignon Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $182K |
| Surplus / Deficit | $-131,814 |
| Total Assets | $416K |
| Total Liabilities | $1 |
| Net Assets | $416K |
| Operating Margin | -264.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 27.5 months |
Financial Health Grade: B
In 2023, Bignon Family Foundation reported a deficit of $132K with expenses exceeding revenue, holds 27.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bignon Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.9% | +12.4% | -24.2% |
| 2022 | -30.1% | -27.6% | -18.3% |
| 2021 | +73.8% | +6.4% | -5.6% |
| 2020 | +150.5% | +70.3% | -16.5% |
| 2019 | -69.9% | -28.4% | -31.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Bignon Family Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Bignon Family Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $132K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a foundation of this size and 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 Bignon Family Foundation's IRS 990 filings:
- Consistent net losses, with expenses frequently exceeding revenue (e.g., 2023 revenue $49,812 vs. expenses $181,626).
- Significant decline in total assets over time, from $1,573,167 in 2011 to $415,669 in 2023.
- Lack of detailed expense breakdown in provided data makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Bignon Family Foundation:
- 0% officer compensation reported across all available filings, indicating efficient use of funds for leadership.
- Low liabilities reported in most years, suggesting good management of debt.
Frequently Asked Questions about Bignon Family Foundation
Is Bignon Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bignon Family Foundation (EIN: 204753405) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Bignon Family Foundation spend its money?
Bignon Family Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bignon Family Foundation tax-deductible?
Bignon Family Foundation is registered as a tax-exempt nonprofit (EIN: 204753405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bignon Family Foundation's spending goes to programs?
Bignon Family Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Bignon Family Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Bignon Family Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bignon Family Foundation located?
Bignon Family Foundation is headquartered in Irmo, South Carolina and files with the IRS under EIN 204753405. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bignon Family Foundation have?
Bignon Family Foundation has 10 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 $206K in total revenue.
Is Bignon Family Foundation financially sustainable?
Based on the consistent trend of expenses exceeding revenue and the significant decline in assets from $1,573,167 in 2011 to $415,669 in 2023, the foundation's current financial model appears unsustainable without a change in strategy or a substantial increase in revenue.
What caused the significant decline in assets?
The primary cause of the asset decline is the consistent pattern of expenses outstripping revenue. For example, in 2023, expenses were $181,626 while revenue was only $49,812, leading to a net loss that drew down assets.
How does the foundation fund its operations given the revenue shortfalls?
The foundation appears to be funding its operations by drawing down its existing asset base, as evidenced by the continuous decrease in total assets over the past decade.
Filing History
IRS 990 filing history for Bignon Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bignon Family Foundation's revenue has grown by 17%, moving from $43K to $50K. Total assets decreased by 73.6% over the same period, from $1.6M to $416K. Total functional expenses rose by 551.9%, from $28K to $182K. In its most recent filing year (2023), Bignon Family Foundation reported a deficit of $132K, with expenses exceeding revenue. The organization holds $1 in liabilities against $416K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $416K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $182K | $416K | $1 | — | — |
| 2022 | $92K | $162K | $549K | $1 | — | View 990 |
| 2021 | $132K | $223K | $672K | $51K | — | View 990 |
| 2020 | $76K | $210K | $711K | $1 | — | — |
| 2019 | $30K | $123K | $851K | $0 | — | View 990 |
| 2015 | $101K | $172K | $1.2M | $0 | — | View 990 |
| 2014 | $99K | $135K | $1.3M | $0 | — | View 990 |
| 2013 | $142K | $198K | $1.4M | $0 | — | View 990 |
| 2012 | $40K | $207K | $1.4M | $0 | — | View 990 |
| 2011 | $43K | $28K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $182K, and assets of $416K (revenue -45.9% year-over-year).
- 2022: Revenue of $92K, expenses of $162K, and assets of $549K (revenue -30.1% year-over-year).
- 2021: Revenue of $132K, expenses of $223K, and assets of $672K (revenue +73.8% year-over-year).
- 2020: Revenue of $76K, expenses of $210K, and assets of $711K (revenue +150.5% year-over-year).
- 2019: Revenue of $30K, expenses of $123K, and assets of $851K (revenue -69.9% year-over-year).
- 2015: Revenue of $101K, expenses of $172K, and assets of $1.2M (revenue +1.4% year-over-year).
- 2014: Revenue of $99K, expenses of $135K, and assets of $1.3M (revenue -30.3% year-over-year).
- 2013: Revenue of $142K, expenses of $198K, and assets of $1.4M (revenue +257.1% year-over-year).
- 2012: Revenue of $40K, expenses of $207K, and assets of $1.4M (revenue -6.4% year-over-year).
- 2011: Revenue of $43K, expenses of $28K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bignon Family Foundation:
Data Sources and Methodology
This transparency report for Bignon Family 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.