Bones Gate Fraternity
Bones Gate Fraternity operates with fluctuating revenues and expenses, maintaining a volunteer leadership structure.
EIN: 20239199 · Hanover, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $237K |
| Total Expenses | $226K |
| Program Spending | 80% |
| Net Assets | $12K |
| Transparency Score | 65/100 |
Is Bones Gate Fraternity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bones Gate Fraternity directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bones Gate Fraternity
Bones Gate Fraternity (EIN: 20239199) is a nonprofit organization based in Hanover, NH. The organization reported total revenue of $237K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bones Gate Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bones Gate Fraternity is a small nonprofit, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $226K |
| Surplus / Deficit | $-15,794 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -7.5% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2022, Bones Gate Fraternity reported a deficit of $16K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Bones Gate Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +144.0% | +162.9% | -55.9% |
| 2021 | -14.9% | -11.0% | +0.7% |
| 2020 | -43.3% | -41.2% | +19.7% |
| 2019 | +18.4% | -5.9% | +154.6% |
| 2018 | -21.5% | -12.9% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Bones Gate Fraternity with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Bones Gate Fraternity allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization. This is a positive sign for minimizing overhead related to leadership salaries, especially given the organization's modest revenue levels.
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 Bones Gate Fraternity's IRS 990 filings:
- Significant decline in assets from $28,254 in 2021 to $6,458 currently, indicating potential financial strain or asset utilization without replenishment.
- Expenses frequently exceed revenue, as seen in 2022 ($226,415 expenses vs. $210,621 revenue), leading to operational deficits.
- Lack of detailed program expense breakdown in the provided data makes it difficult to fully assess program efficiency and impact.
Strengths
The following positive indicators were identified for Bones Gate Fraternity:
- Consistent reporting of 0% officer compensation, indicating a volunteer-led organization and efficient use of funds for leadership.
- Long filing history (12 filings) demonstrates consistent compliance with IRS reporting requirements.
- Generally stable revenue streams over the past decade, typically ranging between $150,000 and $250,000.
Frequently Asked Questions about Bones Gate Fraternity
Is Bones Gate Fraternity a legitimate charity?
Bones Gate Fraternity (EIN: 20239199) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $237K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Bones Gate Fraternity spend its money?
Bones Gate Fraternity directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bones Gate Fraternity tax-deductible?
Bones Gate Fraternity is registered as a tax-exempt nonprofit (EIN: 20239199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bones Gate Fraternity's spending goes to programs?
Bones Gate Fraternity directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bones Gate Fraternity located?
Bones Gate Fraternity is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20239199.
How many years of IRS 990 filings does Bones Gate Fraternity have?
Bones Gate Fraternity has 12 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 $237K in total revenue.
What are the primary program activities of Bones Gate Fraternity?
The IRS 990 data provided does not detail specific program activities, making it difficult to assess the nature and impact of their work beyond general fraternity operations.
Why have the organization's assets decreased significantly from $28,254 in 2021 to $6,458 currently?
The provided data does not offer specific reasons for the asset decrease. This could be due to various factors such as capital expenditures, debt repayment, or operational losses in recent periods, as seen in 2022 where expenses ($226,415) exceeded revenue ($210,621).
Does Bones Gate Fraternity have a clear fundraising strategy?
The filings do not provide a detailed breakdown of fundraising expenses or strategies. Given the nature of a fraternity, fundraising might be less formal or integrated into membership dues and events.
Filing History
IRS 990 filing history for Bones Gate Fraternity showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Bones Gate Fraternity's revenue has grown by 8.4%, moving from $194K to $211K. Total assets decreased by 77.1% over the same period, from $54K to $12K. Total functional expenses rose by 27%, from $178K to $226K. In its most recent filing year (2022), Bones Gate Fraternity reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $211K | $226K | $12K | $0 | — | View 990 |
| 2021 | $86K | $86K | $28K | $0 | — | View 990 |
| 2020 | $101K | $97K | $28K | $0 | — | — |
| 2019 | $179K | $165K | $23K | $0 | — | View 990 |
| 2018 | $151K | $175K | $9K | $22K | — | View 990 |
| 2017 | $192K | $201K | $11K | $0 | — | View 990 |
| 2016 | $239K | $239K | $19K | $0 | — | View 990 |
| 2015 | $251K | $246K | $20K | $0 | — | View 990 |
| 2014 | $222K | $229K | $14K | $0 | — | View 990 |
| 2013 | $249K | $256K | $27K | $3K | — | View 990 |
| 2012 | $227K | $251K | $31K | $0 | — | View 990 |
| 2011 | $194K | $178K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $211K, expenses of $226K, and assets of $12K (revenue +144.0% year-over-year).
- 2021: Revenue of $86K, expenses of $86K, and assets of $28K (revenue -14.9% year-over-year).
- 2020: Revenue of $101K, expenses of $97K, and assets of $28K (revenue -43.3% year-over-year).
- 2019: Revenue of $179K, expenses of $165K, and assets of $23K (revenue +18.4% year-over-year).
- 2018: Revenue of $151K, expenses of $175K, and assets of $9K (revenue -21.5% year-over-year).
- 2017: Revenue of $192K, expenses of $201K, and assets of $11K (revenue -19.5% year-over-year).
- 2016: Revenue of $239K, expenses of $239K, and assets of $19K (revenue -4.8% year-over-year).
- 2015: Revenue of $251K, expenses of $246K, and assets of $20K (revenue +13.3% year-over-year).
- 2014: Revenue of $222K, expenses of $229K, and assets of $14K (revenue -10.9% year-over-year).
- 2013: Revenue of $249K, expenses of $256K, and assets of $27K (revenue +9.5% year-over-year).
- 2012: Revenue of $227K, expenses of $251K, and assets of $31K (revenue +16.9% year-over-year).
- 2011: Revenue of $194K, expenses of $178K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bones Gate Fraternity:
Data Sources and Methodology
This transparency report for Bones Gate Fraternity 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.