Bohemian Operating Foundation
Bohemian Operating Foundation shows substantial asset growth and no reported officer compensation, with fluctuating revenue and expenses.
EIN: 204560501 · Fort Collins, CO · NTEE: A70 · Updated: 2026-03-28
Is Bohemian Operating Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bohemian Operating Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bohemian Operating Foundation
Bohemian Operating Foundation (EIN: 204560501) is a nonprofit organization based in Fort Collins, CO, classified under NTEE code A70. The organization reported total revenue of $3.6M and total assets of $55.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bohemian Operating Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bohemian Operating Foundation is a mid-size 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 28.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.2M |
| Total Expenses | $7.3M |
| Surplus / Deficit | +$19.9M |
| Total Assets | $58.2M |
| Total Liabilities | $375K |
| Net Assets | $57.8M |
| Operating Margin | 73.0% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 95.2 months |
Financial Health Grade: A
In 2023, Bohemian Operating Foundation reported a surplus of $19.9M with revenue exceeding expenses, holds 95.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bohemian Operating Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.8% | +13.5% | +51.7% |
| 2022 | +3666.4% | -5.0% | +42.7% |
| 2021 | -95.5% | +2.0% | -19.7% |
| 2020 | -58.7% | -19.4% | +11.7% |
| 2019 | +44750.8% | +226.9% | +137.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| 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 Bohemian Operating 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: 80%
- fundraising: 10%
According to IRS 990 filings, Bohemian Operating Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $19.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator for a foundation of its size, which has grown to over $58 million in assets.
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 Bohemian Operating Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data prevents full spending efficiency analysis.
Strengths
The following positive indicators were identified for Bohemian Operating Foundation:
- Significant asset growth from $1.2 million in 2011 to $58.1 million in 2023.
- Consistent reporting of 0% officer compensation across all filings.
- Healthy balance sheet with liabilities consistently a small fraction of total assets.
- Strong revenue generation in recent years, reaching $27.2 million in 2023.
Frequently Asked Questions about Bohemian Operating Foundation
Is Bohemian Operating Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bohemian Operating Foundation (EIN: 204560501) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Bohemian Operating Foundation spend its money?
Bohemian Operating Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bohemian Operating Foundation tax-deductible?
Bohemian Operating Foundation is registered as a tax-exempt nonprofit (EIN: 204560501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bohemian Operating Foundation a good charity?
Based on the available data, Bohemian Operating Foundation appears to be a financially healthy organization with significant asset growth and a commendable policy of 0% officer compensation. Its consistent financial reporting and asset accumulation suggest good stewardship. However, a full assessment of 'goodness' would require detailed program impact reporting and functional expense breakdowns.
How has Bohemian Operating Foundation's financial health changed over time?
The organization has experienced remarkable financial growth, with assets increasing from $1.2 million in 2011 to $58.1 million in 2023. Revenue has also seen substantial fluctuations and growth, reaching $27.2 million in 2023, indicating a strong upward trend in financial capacity.
What is the organization's approach to executive compensation?
Bohemian Operating Foundation reports 0% officer compensation in all available filings, meaning no officers received salaries or other compensation from the organization. This is a strong positive for financial efficiency and donor confidence.
Are there any concerns regarding the organization's liabilities?
Liabilities have consistently remained a very small percentage of total assets, for example, $375,064 in liabilities against $58.1 million in assets in 2023. This indicates a very healthy balance sheet and low financial risk.
Filing History
IRS 990 filing history for Bohemian Operating Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bohemian Operating Foundation's revenue has grown by 1977%, moving from $1.3M to $27.2M. Total assets increased by 4641.4% over the same period, from $1.2M to $58.2M. Total functional expenses rose by 270.5%, from $2.0M to $7.3M. In its most recent filing year (2023), Bohemian Operating Foundation reported a surplus of $19.9M, with revenue exceeding expenses. The organization holds $375K in liabilities against $58.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $57.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27.2M | $7.3M | $58.2M | $375K | — | — |
| 2022 | $18.0M | $6.5M | $38.4M | $422K | — | View 990 |
| 2021 | $479K | $6.8M | $26.9M | $518K | — | View 990 |
| 2020 | $10.6M | $6.7M | $33.5M | $784K | — | View 990 |
| 2019 | $25.6M | $8.3M | $30.0M | $1.2M | — | View 990 |
| 2015 | $57K | $2.5M | $12.6M | $402K | — | View 990 |
| 2014 | $10.2M | $2.3M | $14.8M | $74K | — | View 990 |
| 2013 | $8.3M | $2.5M | $7.0M | $207K | — | View 990 |
| 2012 | $2.3M | $2.4M | $1.5M | $462K | — | View 990 |
| 2011 | $1.3M | $2.0M | $1.2M | $161K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27.2M, expenses of $7.3M, and assets of $58.2M (revenue +50.8% year-over-year).
- 2022: Revenue of $18.0M, expenses of $6.5M, and assets of $38.4M (revenue +3666.4% year-over-year).
- 2021: Revenue of $479K, expenses of $6.8M, and assets of $26.9M (revenue -95.5% year-over-year).
- 2020: Revenue of $10.6M, expenses of $6.7M, and assets of $33.5M (revenue -58.7% year-over-year).
- 2019: Revenue of $25.6M, expenses of $8.3M, and assets of $30.0M (revenue +44750.8% year-over-year).
- 2015: Revenue of $57K, expenses of $2.5M, and assets of $12.6M (revenue -99.4% year-over-year).
- 2014: Revenue of $10.2M, expenses of $2.3M, and assets of $14.8M (revenue +23.1% year-over-year).
- 2013: Revenue of $8.3M, expenses of $2.5M, and assets of $7.0M (revenue +255.8% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.4M, and assets of $1.5M (revenue +77.2% year-over-year).
- 2011: Revenue of $1.3M, expenses of $2.0M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bohemian Operating Foundation:
Data Sources and Methodology
This transparency report for Bohemian Operating 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.