Bradley Family Foundation
Bradley Family Foundation's assets have steadily declined over the past decade due to consistent deficit spending.
EIN: 10513772 · Freeport, ME · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $42K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $302K |
| Transparency Score | 65/100 |
Is Bradley Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bradley Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bradley Family Foundation
Bradley Family Foundation (EIN: 10513772) is a nonprofit organization based in Freeport, ME, classified under NTEE code T20Z. The organization reported total revenue of $79K and total assets of $279K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bradley Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bradley Family Foundation is a micro nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $42K |
| Surplus / Deficit | $-15,781 |
| Total Assets | $302K |
| Total Liabilities | $1 |
| Net Assets | $302K |
| Operating Margin | -60.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 86.6 months |
Financial Health Grade: B
In 2023, Bradley Family Foundation reported a deficit of $16K with expenses exceeding revenue, holds 86.6 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), Bradley Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.5% | -56.0% | -5.0% |
| 2022 | -55.9% | +39.2% | -16.5% |
| 2021 | +63.4% | +198.2% | +1.4% |
| 2020 | -25.8% | -65.1% | +6.3% |
| 2019 | +59.8% | +304.6% | -14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Bradley Family Foundation 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, Bradley Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating that no officers or directors receive salaries from the foundation, which is highly efficient for an organization 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 Bradley Family Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., 2023 expenses $41,844 vs. revenue $26,063).
- Significant decline in total assets over the past decade, from $442,428 in 2011 to $301,985 in 2023.
Strengths
The following positive indicators were identified for Bradley Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds by not paying executive salaries.
- Consistently low liabilities ($0-$1), suggesting sound financial management regarding debt.
- Long filing history (10 filings) demonstrates consistent compliance and transparency in reporting.
Frequently Asked Questions about Bradley Family Foundation
Is Bradley Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bradley Family Foundation (EIN: 10513772) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Bradley Family Foundation spend its money?
Bradley Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bradley Family Foundation tax-deductible?
Bradley Family Foundation is registered as a tax-exempt nonprofit (EIN: 10513772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bradley Family Foundation CEO make?
Bradley Family Foundation's highest-compensated officer earns $0 annually. The organization reported $79K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bradley Family Foundation's spending goes to programs?
Bradley Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bradley Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bradley Family Foundation is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bradley Family Foundation located?
Bradley Family Foundation is headquartered in Freeport, Maine and files with the IRS under EIN 10513772. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Bradley Family Foundation have?
Bradley Family 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 $79K in total revenue.
Why have the foundation's assets decreased by over $140,000 since 2011?
The foundation's assets have decreased from $442,428 in 2011 to $301,985 in 2023, largely due to expenses frequently exceeding revenue. For example, in 2022, expenses were $94,994 while revenue was only $32,381.
What is the primary purpose of the Bradley Family Foundation given its NTEE code T20Z?
The NTEE code T20Z indicates that the Bradley Family Foundation is a private grantmaking foundation, meaning its primary purpose is to provide grants to other organizations or individuals, rather than directly operating programs.
How does the foundation manage to operate with zero officer compensation?
The consistent reporting of $0 for officer compensation suggests that the foundation's leadership is either volunteer-based or compensated through other means not reported as officer compensation on the 990, which is common for smaller family foundations.
Is the foundation's current revenue sufficient to cover its expenses?
Based on recent filings, the foundation's revenue has often not been sufficient to cover its expenses. In 2023, revenue was $26,063 against expenses of $41,844, and in 2022, revenue was $32,381 against expenses of $94,994.
Filing History
IRS 990 filing history for Bradley Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bradley Family Foundation's revenue has grown by 121.6%, moving from $12K to $26K. Total assets decreased by 31.7% over the same period, from $442K to $302K. Total functional expenses rose by 57.9%, from $27K to $42K. In its most recent filing year (2023), Bradley Family Foundation reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $302K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $302K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $42K | $302K | $1 | — | — |
| 2022 | $32K | $95K | $318K | $1 | — | — |
| 2021 | $73K | $68K | $380K | $1 | — | — |
| 2020 | $45K | $23K | $375K | $1 | — | — |
| 2019 | $61K | $66K | $353K | $0 | — | View 990 |
| 2015 | $38K | $16K | $412K | $0 | — | View 990 |
| 2014 | $25K | $50K | $391K | $0 | — | View 990 |
| 2013 | $21K | $37K | $416K | $0 | — | View 990 |
| 2012 | $21K | $31K | $432K | $0 | — | View 990 |
| 2011 | $12K | $27K | $442K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $42K, and assets of $302K (revenue -19.5% year-over-year).
- 2022: Revenue of $32K, expenses of $95K, and assets of $318K (revenue -55.9% year-over-year).
- 2021: Revenue of $73K, expenses of $68K, and assets of $380K (revenue +63.4% year-over-year).
- 2020: Revenue of $45K, expenses of $23K, and assets of $375K (revenue -25.8% year-over-year).
- 2019: Revenue of $61K, expenses of $66K, and assets of $353K (revenue +59.8% year-over-year).
- 2015: Revenue of $38K, expenses of $16K, and assets of $412K (revenue +51.5% year-over-year).
- 2014: Revenue of $25K, expenses of $50K, and assets of $391K (revenue +21.4% year-over-year).
- 2013: Revenue of $21K, expenses of $37K, and assets of $416K (revenue -1.4% year-over-year).
- 2012: Revenue of $21K, expenses of $31K, and assets of $432K (revenue +77.8% year-over-year).
- 2011: Revenue of $12K, expenses of $27K, and assets of $442K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bradley Family Foundation:
Data Sources and Methodology
This transparency report for Bradley Family 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.