Bosom Buddies Charities Inc
Bosom Buddies Charities Inc shows fluctuating financial performance with recent strong surpluses and zero executive compensation.
EIN: 205944764 · Stevensville, MD · NTEE: G013 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $17K |
| Program Spending | 85% |
| Net Assets | $221K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Bosom Buddies Charities Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bosom Buddies Charities Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bosom Buddies Charities Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $168K and expenses of $17K.
Revenue and Expenses
Bosom Buddies Charities Inc reported $168K in revenue and $17K in expenses, a surplus of $151K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Bosom Buddies Charities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $14K (85%) |
Across stored filings, Bosom Buddies Charities Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Main Street Mobile Treatment Associates Inc | Maryland and Category G context |
Trust Check
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Stevensville, MD nonprofitsCategory G in Maryland
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Bosom Buddies Charities Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bosom Buddies Charities Inc
Bosom Buddies Charities Inc (EIN: 205944764) is a nonprofit organization based in Stevensville, MD, classified under NTEE code G013. The organization reported total revenue of $248K and total assets of $150K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bosom Buddies Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bosom Buddies Charities Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $17K |
| Surplus / Deficit | +$151K |
| Total Assets | $221K |
| Net Assets | $221K |
| Operating Margin | 90.1% |
| Months of Reserves | 159.3 months |
Financial Health Grade: A
In 2024, Bosom Buddies Charities Inc reported a surplus of $151K with revenue exceeding expenses, holds 159.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Bosom Buddies Charities Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.9% | -94.2% | +217.2% |
| 2023 | -3.6% | +167.6% | -60.3% |
| 2022 | +178.1% | +741.3% | +84.6% |
| 2021 | -58.8% | -91.5% | +135.4% |
| 2020 | +10.1% | -2.1% | +50.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Bosom Buddies Charities Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Bosom Buddies Charities 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $151K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a strong positive for a nonprofit of its size.
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 Bosom Buddies Charities Inc's IRS 990 filings:
- Significant year-over-year fluctuations in expenses, such as expenses exceeding revenue by over $100,000 in 2023, could indicate inconsistent financial planning or large, infrequent program expenditures.
Strengths
The following positive indicators were identified for Bosom Buddies Charities Inc:
- Consistent reporting of 0% officer compensation, indicating that all funds are directed towards the mission.
- Zero reported liabilities across all available filing periods, demonstrating strong financial stability.
- Significant asset growth in recent periods, from $69,717 in 2023 to $221,120 in 2024, suggesting effective financial management and reserve building.
- Consistent filing of IRS 990 forms over 13 periods, indicating a commitment to transparency.
Frequently Asked Questions about Bosom Buddies Charities Inc
Is Bosom Buddies Charities Inc a legitimate charity?
Bosom Buddies Charities Inc (EIN: 205944764) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $248K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Bosom Buddies Charities Inc spend its money?
Bosom Buddies Charities Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bosom Buddies Charities Inc tax-deductible?
Bosom Buddies Charities Inc is registered as a tax-exempt nonprofit (EIN: 205944764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bosom Buddies Charities Inc's spending goes to programs?
Bosom Buddies Charities Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bosom Buddies Charities Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bosom Buddies Charities Inc is above average for NTEE category G013 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bosom Buddies Charities Inc located?
Bosom Buddies Charities Inc is headquartered in Stevensville, Maryland and files with the IRS under EIN 205944764. It is classified under NTEE code G013.
How many years of IRS 990 filings does Bosom Buddies Charities Inc have?
Bosom Buddies Charities 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 $248K in total revenue.
Is Bosom Buddies Charities Inc a good charity?
Based on the available data, Bosom Buddies Charities Inc appears to be a good charity. They consistently report zero officer compensation, maintain zero liabilities, and have shown periods of strong financial health, such as in 2024 where revenue significantly exceeded expenses. Their consistent filing of IRS 990s also indicates transparency.
What caused the significant expense increase in 2023?
The IRS 990 data shows that in fiscal year 2023, expenses were $286,199, while revenue was $180,511. Without a detailed breakdown of expenses within the 990 form, the specific causes for this significant increase cannot be determined from the provided summary data alone. It could be due to a large program initiative, one-time capital expenditure, or increased operational costs.
How does their asset growth compare to revenue?
The organization's assets have shown significant growth, particularly from $69,717 in 2023 to $221,120 in 2024, while revenue in 2024 was $168,060. This indicates that the organization is effectively managing its finances to build reserves, especially given the substantial surplus in 2024.
Filing History
IRS 990 filing history for Bosom Buddies Charities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Bosom Buddies Charities Inc's revenue has grown by 22.8%, moving from $137K to $168K. Total assets increased by 22.2% over the same period, from $181K to $221K. Total functional expenses fell by 86.4%, from $122K to $17K. In its most recent filing year (2024), Bosom Buddies Charities Inc reported a surplus of $151K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $168K | $17K | $221K | $0 | — | — |
| 2023 | $181K | $286K | $70K | $0 | — | View 990 |
| 2022 | $187K | $107K | $175K | $0 | — | View 990 |
| 2021 | $67K | $13K | $95K | $0 | — | View 990 |
| 2020 | $163K | $150K | $40K | $0 | — | View 990 |
| 2019 | $148K | $153K | $27K | $0 | — | View 990 |
| 2018 | $126K | $146K | $31K | $0 | — | View 990 |
| 2017 | $165K | $238K | $51K | $0 | — | View 990 |
| 2016 | $241K | $173K | $123K | $0 | — | View 990 |
| 2015 | $40K | $51K | $55K | $0 | — | View 990 |
| 2014 | $53K | $113K | $66K | $0 | — | View 990 |
| 2013 | $152K | $207K | $126K | $0 | — | View 990 |
| 2012 | $137K | $122K | $181K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $168K, expenses of $17K, and assets of $221K (revenue -6.9% year-over-year).
- 2023: Revenue of $181K, expenses of $286K, and assets of $70K (revenue -3.6% year-over-year).
- 2022: Revenue of $187K, expenses of $107K, and assets of $175K (revenue +178.1% year-over-year).
- 2021: Revenue of $67K, expenses of $13K, and assets of $95K (revenue -58.8% year-over-year).
- 2020: Revenue of $163K, expenses of $150K, and assets of $40K (revenue +10.1% year-over-year).
- 2019: Revenue of $148K, expenses of $153K, and assets of $27K (revenue +17.7% year-over-year).
- 2018: Revenue of $126K, expenses of $146K, and assets of $31K (revenue -23.7% year-over-year).
- 2017: Revenue of $165K, expenses of $238K, and assets of $51K (revenue -31.5% year-over-year).
- 2016: Revenue of $241K, expenses of $173K, and assets of $123K (revenue +501.3% year-over-year).
- 2015: Revenue of $40K, expenses of $51K, and assets of $55K (revenue -24.5% year-over-year).
- 2014: Revenue of $53K, expenses of $113K, and assets of $66K (revenue -64.9% year-over-year).
- 2013: Revenue of $152K, expenses of $207K, and assets of $126K (revenue +10.8% year-over-year).
- 2012: Revenue of $137K, expenses of $122K, and assets of $181K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bosom Buddies Charities Inc:
Data Sources and Methodology
This transparency report for Bosom Buddies Charities 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.