Bristol Myers Squibb Foundation Inc
Bristol Myers Squibb Foundation experiences significant financial deficits in recent years, with liabilities exceeding assets in 2023.
EIN: 133127947 · Princeton, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83.0M |
| Total Expenses | $87.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $185 |
| Net Assets | $-40,320,456 |
| Transparency Score | 75/100 |
Is Bristol Myers Squibb Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bristol Myers Squibb Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bristol Myers Squibb Foundation Inc
Bristol Myers Squibb Foundation Inc (EIN: 133127947) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $83.0M and total assets of $83.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Myers Squibb Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bristol Myers Squibb Foundation Inc is a major nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $87.1M |
| Surplus / Deficit | $-81,489,186 |
| Total Assets | $68.8M |
| Total Liabilities | $109.1M |
| Net Assets | $-40,320,456 |
| Operating Margin | -1452.5% |
| Debt-to-Asset Ratio | 158.6% |
| Months of Reserves | 9.5 months |
Financial Health Grade: C
In 2023, Bristol Myers Squibb Foundation Inc reported a deficit of $81.5M with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 158.6% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bristol Myers Squibb Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.0% | +91.0% | -40.7% |
| 2022 | +49881.2% | -16.1% | -20.9% |
| 2021 | -100.0% | -53.7% | -21.0% |
| 2020 | +103.1% | +207.1% | +58.9% |
| 2019 | +47.6% | +29.2% | +21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Bristol Myers Squibb Foundation Inc with a Mission Score of 75 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bristol Myers Squibb Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $81.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 158.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no portion of the organization's funds are allocated to officer salaries, which is highly commendable for an organization of its size with assets reaching over $185 million in some years.
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 Bristol Myers Squibb Foundation Inc's IRS 990 filings:
- Significant and consistent operating deficits in recent years (e.g., 2023: $81M deficit, 2022: $22M deficit, 2021: $54M deficit).
- Liabilities exceeding assets in 2023 ($109M liabilities vs. $68M assets), indicating potential solvency issues.
- Highly volatile revenue streams, making long-term financial planning and consistent program delivery challenging.
Strengths
The following positive indicators were identified for Bristol Myers Squibb Foundation Inc:
- Consistent 0% officer compensation, demonstrating a strong commitment to mission-focused spending.
- Historically strong asset base, reaching over $185M in 2020, providing a buffer for operations.
- Ability to manage and deploy large sums for programs when significant revenue is received (e.g., 2020).
Frequently Asked Questions about Bristol Myers Squibb Foundation Inc
Is Bristol Myers Squibb Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bristol Myers Squibb Foundation Inc (EIN: 133127947) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Bristol Myers Squibb Foundation Inc spend its money?
Bristol Myers Squibb Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bristol Myers Squibb Foundation Inc tax-deductible?
Bristol Myers Squibb Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133127947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bristol Myers Squibb Foundation Inc CEO make?
Bristol Myers Squibb Foundation Inc's highest-compensated officer earns $185 annually. The organization reported $83.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bristol Myers Squibb Foundation Inc's spending goes to programs?
Bristol Myers Squibb Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bristol Myers Squibb Foundation Inc located?
Bristol Myers Squibb Foundation Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 133127947.
How many years of IRS 990 filings does Bristol Myers Squibb Foundation Inc have?
Bristol Myers Squibb Foundation Inc 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 $83.0M in total revenue.
Is Bristol Myers Squibb Foundation Inc. financially stable given its recent deficits?
The foundation has experienced significant deficits in recent years, with expenses far exceeding revenue in 2023 ($87M expenses vs. $5.6M revenue), 2022 ($45M expenses vs. $23M revenue), and 2021 ($54M expenses vs. $46K revenue). Additionally, liabilities exceeded assets in 2023 ($109M liabilities vs. $68M assets), raising concerns about its short-term financial stability despite a history of substantial asset holdings.
What is the reason for the large fluctuations in revenue and expenses?
The IRS 990 data alone does not specify the exact reasons for these fluctuations. However, such patterns often indicate reliance on large, infrequent grants or contributions, or significant project-based spending that varies year-to-year. For example, the $120M revenue in 2020 likely funded the $117M expenses in the same year, suggesting a project-driven financial model.
How does the 0% officer compensation impact the organization's efficiency?
The consistent 0% officer compensation is a strong positive indicator of efficiency, as it means all funds are directed towards program delivery, administration, and fundraising, rather than executive salaries. This suggests a high dedication to the mission and efficient use of donor funds.
What is the nature of the high liabilities reported in recent years?
The IRS 990 summary data does not detail the nature of the liabilities. However, the significant increase to $109M in 2023 from $1.9M in 2019 warrants further investigation. These could include program-related payables, deferred revenue, or other financial obligations that impact the organization's net assets.
Filing History
IRS 990 filing history for Bristol Myers Squibb Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bristol Myers Squibb Foundation Inc's revenue has declined by 84.4%, moving from $35.9M to $5.6M. Total assets decreased by 54.6% over the same period, from $151.7M to $68.8M. Total functional expenses rose by 174%, from $31.8M to $87.1M. In its most recent filing year (2023), Bristol Myers Squibb Foundation Inc reported a deficit of $81.5M, with expenses exceeding revenue. The organization holds $109.1M in liabilities against $68.8M in assets (debt-to-asset ratio: 158.6%), resulting in net assets of $-40,320,456.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $87.1M | $68.8M | $109.1M | — | — |
| 2022 | $23.4M | $45.6M | $115.9M | $74.8M | — | — |
| 2021 | $47K | $54.4M | $146.6M | $83.2M | — | View 990 |
| 2020 | $120.4M | $117.5M | $185.6M | $67.8M | — | View 990 |
| 2019 | $59.3M | $38.3M | $116.7M | $2.0M | — | View 990 |
| 2015 | $40.2M | $29.6M | $96.5M | $674K | — | View 990 |
| 2014 | $37.7M | $30.9M | $86.0M | $722K | — | View 990 |
| 2013 | $2.8M | $34.6M | $81.9M | $3.5M | — | View 990 |
| 2012 | $2.7M | $34.0M | $119.6M | $9.5M | — | View 990 |
| 2011 | $35.9M | $31.8M | $151.7M | $10.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $87.1M, and assets of $68.8M (revenue -76.0% year-over-year).
- 2022: Revenue of $23.4M, expenses of $45.6M, and assets of $115.9M (revenue +49881.2% year-over-year).
- 2021: Revenue of $47K, expenses of $54.4M, and assets of $146.6M (revenue -100.0% year-over-year).
- 2020: Revenue of $120.4M, expenses of $117.5M, and assets of $185.6M (revenue +103.1% year-over-year).
- 2019: Revenue of $59.3M, expenses of $38.3M, and assets of $116.7M (revenue +47.6% year-over-year).
- 2015: Revenue of $40.2M, expenses of $29.6M, and assets of $96.5M (revenue +6.4% year-over-year).
- 2014: Revenue of $37.7M, expenses of $30.9M, and assets of $86.0M (revenue +1234.0% year-over-year).
- 2013: Revenue of $2.8M, expenses of $34.6M, and assets of $81.9M (revenue +3.4% year-over-year).
- 2012: Revenue of $2.7M, expenses of $34.0M, and assets of $119.6M (revenue -92.4% year-over-year).
- 2011: Revenue of $35.9M, expenses of $31.8M, and assets of $151.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Myers Squibb Foundation Inc:
Data Sources and Methodology
This transparency report for Bristol Myers Squibb 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.