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

$248KRevenue

$150KAssets

85/100Mission Score (Excellent)

G013

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.

AI Transparency Report

Bosom Buddies Charities Inc demonstrates a generally strong financial position with consistent revenue generation, though expenses have fluctuated significantly year-over-year. For example, in 2024, the organization reported revenue of $168,060 against expenses of only $16,657, indicating a substantial surplus. However, in 2023, expenses ($286,199) significantly outstripped revenue ($180,511), leading to a deficit. The organization consistently reports zero liabilities and zero officer compensation, which are positive indicators of financial health and transparency regarding executive pay. Their assets have shown growth, reaching $221,120 in 2024, up from $69,717 in 2023, suggesting prudent financial management in recent periods.

The spending efficiency appears to vary. While the 2024 filing shows very low expenses relative to revenue, the 2023 filing indicates a period where expenses were 158% of revenue. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely assess efficiency. However, the consistent reporting of zero officer compensation enhances transparency and suggests that a significant portion of funds is likely directed towards the mission rather than executive salaries. The organization's consistent filing of IRS 990 forms over 13 periods also points to a commitment to transparency.

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.

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 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.	PDF
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.

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.