Bowles Rice Foundation
Bowles Rice Foundation maintains strong asset growth and zero executive compensation amidst fluctuating revenues.
EIN: 202077682 · Charleston, WV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $635K |
| Total Expenses | $114K |
| Program Spending | 85% |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Bowles Rice Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bowles Rice Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bowles Rice Foundation
Bowles Rice Foundation (EIN: 202077682) is a nonprofit organization based in Charleston, WV, classified under NTEE code T22. The organization reported total revenue of $635K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bowles Rice Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bowles Rice Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $114K |
| Surplus / Deficit | +$148K |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | 56.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.1 months |
Financial Health Grade: A
In 2023, Bowles Rice Foundation reported a surplus of $148K with revenue exceeding expenses, holds 187.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bowles Rice Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.7% | -9.1% | +9.1% |
| 2022 | -21.5% | +22.1% | +2.8% |
| 2021 | +195.6% | +1.9% | +7.6% |
| 2020 | -17.6% | +0.0% | -1.9% |
| 2019 | -35.1% | +1.3% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Bowles Rice Foundation with a Mission Score of 90 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Bowles Rice Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 surplus of $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bowles Rice Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor trust and resource allocation.
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.
Strengths
The following positive indicators were identified for Bowles Rice Foundation:
- Consistent asset growth, reaching $1,836,057 in the latest period.
- Zero officer compensation reported across all filings, indicating high efficiency and donor trust.
- Extremely low liabilities (often $1), demonstrating strong financial management and minimal debt.
- Consistent filing of IRS Form 990s, indicating high transparency.
- Stable and relatively low operating expenses compared to asset base.
Frequently Asked Questions about Bowles Rice Foundation
Is Bowles Rice Foundation a legitimate charity?
Bowles Rice Foundation (EIN: 202077682) is a registered tax-exempt nonprofit based in West Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $635K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bowles Rice Foundation spend its money?
Bowles Rice Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bowles Rice Foundation tax-deductible?
Bowles Rice Foundation is registered as a tax-exempt nonprofit (EIN: 202077682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bowles Rice Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Bowles Rice Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bowles Rice Foundation located?
Bowles Rice Foundation is headquartered in Charleston, West Virginia and files with the IRS under EIN 202077682. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bowles Rice Foundation have?
Bowles Rice Foundation has 10 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 $635K in total revenue.
Is Bowles Rice Foundation a good charity?
Based on its financial data, the Bowles Rice Foundation appears to be a very good charity. It consistently reports zero officer compensation, maintains minimal liabilities (often $1), and has shown consistent asset growth, reaching $1,836,057. These factors indicate strong financial health, efficient use of funds, and high transparency.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently. Annual expenses have remained relatively stable, typically between $71,854 and $125,060, even as its asset base has grown significantly. The absence of officer compensation further suggests a lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend over the past decade, growing from $1,161,062 in 2011 to $1,836,057 in the latest period. This indicates strong financial stewardship and an increasing capacity to fulfill its mission.
Does the foundation have any debt?
The Bowles Rice Foundation consistently reports extremely low liabilities, often just $1, across its filings. This indicates that the organization operates with virtually no debt, which is a strong positive financial indicator.
Filing History
IRS 990 filing history for Bowles Rice Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bowles Rice Foundation's revenue has grown by 48.5%, moving from $176K to $262K. Total assets increased by 52.7% over the same period, from $1.2M to $1.8M. Total functional expenses rose by 34.3%, from $85K to $114K. In its most recent filing year (2023), Bowles Rice Foundation reported a surplus of $148K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $114K | $1.8M | $1 | — | — |
| 2022 | $168K | $125K | $1.6M | $1 | — | View 990 |
| 2021 | $214K | $102K | $1.6M | $1 | — | — |
| 2020 | $73K | $101K | $1.5M | $1 | — | — |
| 2019 | $88K | $101K | $1.5M | $1 | — | View 990 |
| 2015 | $136K | $99K | $1.4M | $0 | — | View 990 |
| 2014 | $197K | $86K | $1.4M | $0 | — | View 990 |
| 2013 | $142K | $72K | $1.3M | $4K | — | View 990 |
| 2012 | $112K | $82K | $1.2M | $0 | — | View 990 |
| 2011 | $176K | $85K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $114K, and assets of $1.8M (revenue +55.7% year-over-year).
- 2022: Revenue of $168K, expenses of $125K, and assets of $1.6M (revenue -21.5% year-over-year).
- 2021: Revenue of $214K, expenses of $102K, and assets of $1.6M (revenue +195.6% year-over-year).
- 2020: Revenue of $73K, expenses of $101K, and assets of $1.5M (revenue -17.6% year-over-year).
- 2019: Revenue of $88K, expenses of $101K, and assets of $1.5M (revenue -35.1% year-over-year).
- 2015: Revenue of $136K, expenses of $99K, and assets of $1.4M (revenue -31.0% year-over-year).
- 2014: Revenue of $197K, expenses of $86K, and assets of $1.4M (revenue +38.7% year-over-year).
- 2013: Revenue of $142K, expenses of $72K, and assets of $1.3M (revenue +26.8% year-over-year).
- 2012: Revenue of $112K, expenses of $82K, and assets of $1.2M (revenue -36.6% year-over-year).
- 2011: Revenue of $176K, expenses of $85K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bowles Rice Foundation:
Data Sources and Methodology
This transparency report for Bowles Rice Foundation 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.