Bonnet House Inc
EIN: 650161955 · Ft Lauderdale, FL · NTEE: A59Z
Is Bonnet House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bonnet House Inc
Bonnet House Inc (EIN: 650161955) is a nonprofit organization based in Ft Lauderdale, FL, classified under NTEE code A59Z. The organization reported total revenue of $4.2M and total assets of $28.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bonnet House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Bonnet House Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bonnet House Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Bonnet House Inc
Is Bonnet House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bonnet House Inc (EIN: 650161955) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bonnet House Inc spend its money?
Detailed spending breakdown data is not yet available for Bonnet House Inc. Check back for updated IRS 990 analysis.
Are donations to Bonnet House Inc tax-deductible?
Bonnet House Inc is registered as a tax-exempt nonprofit (EIN: 650161955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Bonnet House Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Bonnet House Inc's revenue has grown by 95.5%, moving from $1.4M to $2.8M. Total assets increased by 1522.8% over the same period, from $1.7M to $28.0M. Total functional expenses rose by 114.7%, from $1.3M to $2.9M. In its most recent filing year (2024), Bonnet House Inc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $314K in liabilities against $28.0M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $27.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.9M | $28.0M | $314K | — | View 990 |
| 2023 | $2.7M | $2.7M | $27.2M | $465K | — | — |
| 2022 | $3.5M | $2.1M | $26.3M | $296K | — | View 990 |
| 2021 | $2.0M | $1.7M | $27.3M | $494K | — | — |
| 2020 | $22.0M | $1.9M | $22.9M | $389K | — | View 990 |
| 2019 | $1.9M | $1.8M | $2.6M | $126K | — | View 990 |
| 2017 | $1.7M | $1.9M | $2.3M | $225K | — | View 990 |
| 2016 | $2.4M | $2.0M | $2.4M | $167K | — | View 990 |
| 2015 | $1.9M | $1.8M | $2.3M | $213K | — | View 990 |
| 2014 | $2.2M | $1.9M | $2.3M | $209K | — | View 990 |
| 2013 | $1.8M | $1.5M | $1.9M | $181K | — | View 990 |
| 2012 | $1.4M | $1.3M | $1.7M | $205K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.9M, and assets of $28.0M (revenue +4.7% year-over-year).
- 2023: Revenue of $2.7M, expenses of $2.7M, and assets of $27.2M (revenue -24.2% year-over-year).
- 2022: Revenue of $3.5M, expenses of $2.1M, and assets of $26.3M (revenue +74.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.7M, and assets of $27.3M (revenue -90.8% year-over-year).
- 2020: Revenue of $22.0M, expenses of $1.9M, and assets of $22.9M (revenue +1033.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $2.6M (revenue +16.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.9M, and assets of $2.3M (revenue -30.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.0M, and assets of $2.4M (revenue +24.6% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $2.3M (revenue -11.4% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.9M, and assets of $2.3M (revenue +21.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.5M, and assets of $1.9M (revenue +24.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Bonnet House 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.