Bonei Olam Inc
Bonei Olam Inc. shows significant revenue growth and asset accumulation, with no reported officer compensation.
EIN: 113473757 · Brooklyn, NY · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36.0M |
| Total Expenses | $36.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $35 |
| Net Assets | $12.5M |
| Transparency Score | 80/100 |
Is Bonei Olam Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bonei Olam Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bonei Olam Inc
Bonei Olam Inc (EIN: 113473757) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P50. The organization reported total revenue of $36.0M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bonei Olam Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bonei Olam Inc is a large nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.2M |
| Total Expenses | $36.6M |
| Surplus / Deficit | $-1,445,770 |
| Total Assets | $14.1M |
| Total Liabilities | $1.6M |
| Net Assets | $12.5M |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 11.6% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2023, Bonei Olam Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 11.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bonei Olam Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +36.5% | -9.3% |
| 2022 | +19.8% | -0.2% | +61.0% |
| 2021 | +43.4% | +81.5% | +16.8% |
| 2020 | +46.6% | +19.8% | +98.8% |
| 2019 | +13.6% | +10.0% | +39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Bonei Olam Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Bonei Olam Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.6%.
Executive Compensation Analysis
Bonei Olam Inc. consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual revenues exceeding $35 million. This suggests either a fully volunteer executive team or that compensation is being reported in a non-standard manner, which could impact 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 Bonei Olam Inc's IRS 990 filings:
- Consistent 0% officer compensation reported despite significant organizational size and revenue, raising transparency questions.
- Expenses exceeded revenue in 2023 ($36,625,353 expenses vs. $35,179,583 revenue), indicating a deficit for that period.
Strengths
The following positive indicators were identified for Bonei Olam Inc:
- Strong and consistent revenue growth over the past decade, from $8M in 2014 to over $35M in 2023.
- Significant growth in assets, from $1.9M in 2014 to $14.1M in 2023, indicating financial stability and capacity.
- Positive net assets (Assets exceeding Liabilities) in all reported periods, demonstrating financial solvency.
Frequently Asked Questions about Bonei Olam Inc
Is Bonei Olam Inc a legitimate charity?
Bonei Olam Inc (EIN: 113473757) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $36.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bonei Olam Inc spend its money?
Bonei Olam Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bonei Olam Inc tax-deductible?
Bonei Olam Inc is registered as a tax-exempt nonprofit (EIN: 113473757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bonei Olam Inc CEO make?
Bonei Olam Inc's highest-compensated officer earns $35 annually. The organization reported $36.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bonei Olam Inc's spending goes to programs?
Bonei Olam Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bonei Olam Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Bonei Olam Inc is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bonei Olam Inc located?
Bonei Olam Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113473757. It is classified under NTEE code P50.
How many years of IRS 990 filings does Bonei Olam Inc have?
Bonei Olam Inc has 13 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 $36.0M in total revenue.
Is Bonei Olam Inc. a good charity?
Based on its strong financial growth, significant asset accumulation, and presumed high program spending ratio, Bonei Olam Inc. appears to be an effective charity in terms of financial management and program delivery. However, the lack of reported officer compensation is an area that could benefit from further clarification for complete transparency.
How has Bonei Olam Inc.'s revenue grown over time?
Bonei Olam Inc. has experienced substantial revenue growth, increasing from $8,065,798 in 2014 to $35,179,583 in 2023, demonstrating a consistent upward trend in financial support.
What is the organization's asset growth trend?
The organization's assets have grown significantly, from $1,933,994 in 2014 to $14,147,405 in 2023, indicating strong financial health and capacity building.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and revenue. It could indicate a volunteer-led executive team, or that compensation is categorized differently, which warrants further inquiry for full transparency.
Filing History
IRS 990 filing history for Bonei Olam Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bonei Olam Inc's revenue has grown by 443.1%, moving from $6.5M to $35.2M. Total assets increased by 1098% over the same period, from $1.2M to $14.1M. Total functional expenses rose by 483%, from $6.3M to $36.6M. In its most recent filing year (2023), Bonei Olam Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $14.1M in assets (debt-to-asset ratio: 11.6%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.2M | $36.6M | $14.1M | $1.6M | — | — |
| 2022 | $33.0M | $26.8M | $15.6M | $1.7M | — | View 990 |
| 2021 | $27.5M | $26.9M | $9.7M | $1.9M | — | View 990 |
| 2020 | $19.2M | $14.8M | $8.3M | $1.1M | — | View 990 |
| 2019 | $13.1M | $12.4M | $4.2M | $1.4M | — | View 990 |
| 2018 | $11.5M | $11.2M | $3.0M | $941K | — | View 990 |
| 2017 | $10.5M | $10.1M | $2.9M | $1.1M | — | View 990 |
| 2016 | $9.4M | $9.8M | $2.5M | $1.1M | — | View 990 |
| 2015 | $8.9M | $8.0M | $3.0M | $1.2M | — | View 990 |
| 2014 | $8.1M | $7.9M | $1.9M | $1.1M | — | View 990 |
| 2013 | $7.8M | $6.8M | $1.8M | $1.2M | — | View 990 |
| 2012 | $6.5M | $7.3M | $1.0M | $1.2M | — | View 990 |
| 2011 | $6.5M | $6.3M | $1.2M | $517K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.2M, expenses of $36.6M, and assets of $14.1M (revenue +6.7% year-over-year).
- 2022: Revenue of $33.0M, expenses of $26.8M, and assets of $15.6M (revenue +19.8% year-over-year).
- 2021: Revenue of $27.5M, expenses of $26.9M, and assets of $9.7M (revenue +43.4% year-over-year).
- 2020: Revenue of $19.2M, expenses of $14.8M, and assets of $8.3M (revenue +46.6% year-over-year).
- 2019: Revenue of $13.1M, expenses of $12.4M, and assets of $4.2M (revenue +13.6% year-over-year).
- 2018: Revenue of $11.5M, expenses of $11.2M, and assets of $3.0M (revenue +9.7% year-over-year).
- 2017: Revenue of $10.5M, expenses of $10.1M, and assets of $2.9M (revenue +11.9% year-over-year).
- 2016: Revenue of $9.4M, expenses of $9.8M, and assets of $2.5M (revenue +5.0% year-over-year).
- 2015: Revenue of $8.9M, expenses of $8.0M, and assets of $3.0M (revenue +10.9% year-over-year).
- 2014: Revenue of $8.1M, expenses of $7.9M, and assets of $1.9M (revenue +2.9% year-over-year).
- 2013: Revenue of $7.8M, expenses of $6.8M, and assets of $1.8M (revenue +21.2% year-over-year).
- 2012: Revenue of $6.5M, expenses of $7.3M, and assets of $1.0M (revenue -0.2% year-over-year).
- 2011: Revenue of $6.5M, expenses of $6.3M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bonei Olam Inc:
Data Sources and Methodology
This transparency report for Bonei Olam 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.