Bresnan Family Foundation Inc
Bresnan Family Foundation's assets have declined by over 75% in a decade, with recent negative revenue.
EIN: 200765497 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Bresnan Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bresnan Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bresnan Family Foundation Inc
Bresnan Family Foundation Inc (EIN: 200765497) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $121K and total assets of $450K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bresnan Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bresnan Family Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -276.7% | -28.7% | -24.1% |
| 2022 | -89.5% | -10.0% | -20.1% |
| 2021 | +203.6% | -6.1% | -5.5% |
| 2020 | -14.0% | +38.0% | -15.9% |
| 2019 | -33.7% | -27.7% | -20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Bresnan Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Bresnan Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a positive for resource allocation given the organization's declining financial state.
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 Bresnan Family Foundation Inc's IRS 990 filings:
- Consistent and significant decline in total assets over a decade (from $2.19M to $0.45M).
- Expenses consistently exceeding revenue in multiple periods, leading to asset depletion.
- Negative revenue reported in the most recent filing (2023: $-31,031).
- High expense-to-revenue ratio in recent years (e.g., 2022: $197,700 expenses vs. $17,558 revenue).
Strengths
The following positive indicators were identified for Bresnan Family Foundation Inc:
- Consistent filing of IRS Form 990s, demonstrating transparency.
- No officer compensation reported, indicating volunteer leadership or efficient use of funds for salaries.
- Low liabilities reported across all periods ($1), suggesting minimal debt.
Frequently Asked Questions about Bresnan Family Foundation Inc
Is Bresnan Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bresnan Family Foundation Inc (EIN: 200765497) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Bresnan Family Foundation Inc spend its money?
Bresnan Family Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bresnan Family Foundation Inc tax-deductible?
Bresnan Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200765497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bresnan Family Foundation Inc. financially sustainable?
Based on the consistent decline in assets from $2,196,040 in 2011 to $449,616 currently, and recent negative revenue of $-31,031 in 2023, the organization's financial sustainability appears to be at high risk.
What caused the significant drop in assets and negative revenue in 2023?
The filings show a consistent trend of expenses exceeding revenue over many years, leading to asset depletion. The negative revenue of $-31,031 in 2023, coupled with $140,946 in expenses, indicates a substantial net loss for that period, further accelerating asset decline.
How does the organization plan to address its declining financial health?
The provided IRS 990 data does not detail future financial strategies, but the current trajectory suggests a need for significant changes in revenue generation or expense management to prevent further asset depletion.
What is the primary use of the organization's funds given its NTEE code T20?
As a 'Philanthropy, Voluntarism, and Grantmaking Foundation', the primary use of funds would typically be for grants and contributions to other organizations or individuals, though specific program details are not available in the summary data.
Filing History
IRS 990 filing history for Bresnan Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bresnan Family Foundation Inc's revenue has declined by 128.6%, moving from $109K to $-31,031. Total assets decreased by 75.3% over the same period, from $2.2M to $543K. Total functional expenses fell by 72.9%, from $520K to $141K. The organization holds $1 in liabilities against $543K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $543K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-31,031 | $141K | $543K | $1 | — | — |
| 2022 | $18K | $198K | $715K | $1 | — | — |
| 2021 | $168K | $220K | $895K | $1 | — | — |
| 2020 | $55K | $234K | $947K | $1 | — | — |
| 2019 | $64K | $169K | $1.1M | $1 | — | View 990 |
| 2015 | $97K | $234K | $1.4M | $1 | — | View 990 |
| 2014 | $122K | $245K | $1.6M | $1 | — | View 990 |
| 2013 | $155K | $349K | $1.7M | $1 | — | View 990 |
| 2012 | $92K | $419K | $1.9M | $1 | — | View 990 |
| 2011 | $109K | $520K | $2.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-31,031, expenses of $141K, and assets of $543K (revenue -276.7% year-over-year).
- 2022: Revenue of $18K, expenses of $198K, and assets of $715K (revenue -89.5% year-over-year).
- 2021: Revenue of $168K, expenses of $220K, and assets of $895K (revenue +203.6% year-over-year).
- 2020: Revenue of $55K, expenses of $234K, and assets of $947K (revenue -14.0% year-over-year).
- 2019: Revenue of $64K, expenses of $169K, and assets of $1.1M (revenue -33.7% year-over-year).
- 2015: Revenue of $97K, expenses of $234K, and assets of $1.4M (revenue -20.9% year-over-year).
- 2014: Revenue of $122K, expenses of $245K, and assets of $1.6M (revenue -21.3% year-over-year).
- 2013: Revenue of $155K, expenses of $349K, and assets of $1.7M (revenue +69.2% year-over-year).
- 2012: Revenue of $92K, expenses of $419K, and assets of $1.9M (revenue -15.6% year-over-year).
- 2011: Revenue of $109K, expenses of $520K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bresnan Family Foundation Inc:
Data Sources and Methodology
This transparency report for Bresnan Family Foundation 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.