Bremen Food & Clothing Bank Inc
EIN: 581956059 · Bremen, GA · NTEE: P20Z
| Metric | Value |
|---|---|
| Total Revenue | $21.7M |
| Total Expenses | $39.4M |
| Net Assets | $367K |
Is Bremen Food & Clothing Bank Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bremen Food & Clothing Bank Inc
Bremen Food & Clothing Bank Inc (EIN: 581956059) is a nonprofit organization based in Bremen, GA, classified under NTEE code P20Z. The organization reported total revenue of $21.7M and total assets of $599K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bremen Food & Clothing Bank Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bremen Food & Clothing Bank Inc is a large nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.4M |
| Total Expenses | $39.4M |
| Surplus / Deficit | +$18K |
| Total Assets | $622K |
| Total Liabilities | $255K |
| Net Assets | $367K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 41.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: B
In 2023, Bremen Food & Clothing Bank Inc reported a surplus of $18K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 41.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bremen Food & Clothing Bank Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.5% | -21.5% | +13.4% |
| 2022 | +39.9% | +39.9% | +6.4% |
| 2021 | +37.8% | +36.5% | +9.6% |
| 2020 | -13.8% | -13.1% | -3.5% |
| 2019 | +34.8% | +34.8% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bremen Food & Clothing Bank 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 Bremen Food & Clothing Bank 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.0%.
Frequently Asked Questions about Bremen Food & Clothing Bank Inc
Is Bremen Food & Clothing Bank Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bremen Food & Clothing Bank Inc (EIN: 581956059) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bremen Food & Clothing Bank Inc spend its money?
Detailed spending breakdown data is not yet available for Bremen Food & Clothing Bank Inc. Check back for updated IRS 990 analysis.
Are donations to Bremen Food & Clothing Bank Inc tax-deductible?
Bremen Food & Clothing Bank Inc is registered as a tax-exempt nonprofit (EIN: 581956059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bremen Food & Clothing Bank Inc located?
Bremen Food & Clothing Bank Inc is headquartered in Bremen, Georgia and files with the IRS under EIN 581956059. It is classified under NTEE code P20Z.
How many years of IRS 990 filings does Bremen Food & Clothing Bank Inc have?
Bremen Food & Clothing Bank 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 $21.7M in total revenue.
Filing History
IRS 990 filing history for Bremen Food & Clothing Bank Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bremen Food & Clothing Bank Inc's revenue has grown by 810.5%, moving from $4.3M to $39.4M. Total assets increased by 32% over the same period, from $471K to $622K. Total functional expenses rose by 813.9%, from $4.3M to $39.4M. In its most recent filing year (2023), Bremen Food & Clothing Bank Inc reported a surplus of $18K, with revenue exceeding expenses. The organization holds $255K in liabilities against $622K in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $367K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.4M | $39.4M | $622K | $255K | — | — |
| 2022 | $50.2M | $50.2M | $548K | $200K | — | — |
| 2021 | $35.9M | $35.9M | $515K | $138K | — | View 990 |
| 2020 | $26.1M | $26.3M | $470K | $147K | — | — |
| 2019 | $30.2M | $30.2M | $488K | $164K | — | View 990 |
| 2018 | $22.4M | $22.4M | $507K | $202K | — | View 990 |
| 2017 | $17.3M | $17.3M | $546K | $237K | — | View 990 |
| 2016 | $13.6M | $13.6M | $548K | $256K | — | View 990 |
| 2015 | $11.4M | $11.4M | $480K | $225K | — | View 990 |
| 2014 | $9.2M | $9.2M | $459K | $211K | — | View 990 |
| 2013 | $5.2M | $5.2M | $439K | $220K | — | View 990 |
| 2012 | $4.7M | $4.7M | $453K | $208K | — | View 990 |
| 2011 | $4.3M | $4.3M | $471K | $222K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.4M, expenses of $39.4M, and assets of $622K (revenue -21.5% year-over-year).
- 2022: Revenue of $50.2M, expenses of $50.2M, and assets of $548K (revenue +39.9% year-over-year).
- 2021: Revenue of $35.9M, expenses of $35.9M, and assets of $515K (revenue +37.8% year-over-year).
- 2020: Revenue of $26.1M, expenses of $26.3M, and assets of $470K (revenue -13.8% year-over-year).
- 2019: Revenue of $30.2M, expenses of $30.2M, and assets of $488K (revenue +34.8% year-over-year).
- 2018: Revenue of $22.4M, expenses of $22.4M, and assets of $507K (revenue +29.6% year-over-year).
- 2017: Revenue of $17.3M, expenses of $17.3M, and assets of $546K (revenue +27.0% year-over-year).
- 2016: Revenue of $13.6M, expenses of $13.6M, and assets of $548K (revenue +19.5% year-over-year).
- 2015: Revenue of $11.4M, expenses of $11.4M, and assets of $480K (revenue +24.2% year-over-year).
- 2014: Revenue of $9.2M, expenses of $9.2M, and assets of $459K (revenue +77.5% year-over-year).
- 2013: Revenue of $5.2M, expenses of $5.2M, and assets of $439K (revenue +9.2% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.7M, and assets of $453K (revenue +9.5% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.3M, and assets of $471K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bremen Food & Clothing Bank Inc:
Data Sources and Methodology
This transparency report for Bremen Food & Clothing Bank 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.