Bristol Rotary Scholarship Fund Inc
Bristol Rotary Scholarship Fund Inc: Transparent and Efficient Use of Funds
EIN: 223151333 · Bristol, CT · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $317K |
| Program Spending | 65% |
| Net Assets | $4.9M |
| Transparency Score | 87/100 |
Is Bristol Rotary Scholarship Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bristol Rotary Scholarship Fund Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bristol Rotary Scholarship Fund Inc
Bristol Rotary Scholarship Fund Inc (EIN: 223151333) is a nonprofit organization based in Bristol, CT. The organization reported total revenue of $1.1M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Rotary Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bristol Rotary Scholarship Fund Inc is a mid-size nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $317K |
| Surplus / Deficit | $-128,811 |
| Total Assets | $4.9M |
| Total Liabilities | $1 |
| Net Assets | $4.9M |
| Operating Margin | -68.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 186.9 months |
Financial Health Grade: B
In 2023, Bristol Rotary Scholarship Fund Inc reported a deficit of $129K with expenses exceeding revenue, holds 186.9 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), Bristol Rotary Scholarship Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.7% | -13.1% | -2.6% |
| 2022 | -34.7% | +9.2% | +3.5% |
| 2021 | +381.7% | +1.2% | +11.5% |
| 2020 | -39.2% | +18.8% | -3.5% |
| 2019 | -13.8% | +59.0% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Rotary Scholarship Fund Inc with a Mission Score of 87 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: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, Bristol Rotary Scholarship Fund Inc allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $129K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains at zero, ensuring transparency and accountability.
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 Rotary Scholarship Fund Inc's IRS 990 filings:
- Administrative costs have remained low, indicating efficient operations.
Strengths
The following positive indicators were identified for Bristol Rotary Scholarship Fund Inc:
- Consistent allocation to programs ensures that funds are used for their intended purpose.
Frequently Asked Questions about Bristol Rotary Scholarship Fund Inc
Is Bristol Rotary Scholarship Fund Inc a legitimate charity?
Bristol Rotary Scholarship Fund Inc (EIN: 223151333) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 87/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Bristol Rotary Scholarship Fund Inc spend its money?
Bristol Rotary Scholarship Fund Inc directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Bristol Rotary Scholarship Fund Inc tax-deductible?
Bristol Rotary Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 223151333). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bristol Rotary Scholarship Fund Inc's spending goes to programs?
Bristol Rotary Scholarship Fund Inc directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Bristol Rotary Scholarship Fund Inc located?
Bristol Rotary Scholarship Fund Inc is headquartered in Bristol, Connecticut and files with the IRS under EIN 223151333.
How many years of IRS 990 filings does Bristol Rotary Scholarship Fund Inc have?
Bristol Rotary Scholarship Fund 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 $1.1M in total revenue.
What does Bristol Rotary Scholarship Fund Inc do?
Bristol Rotary Scholarship Fund Inc is a nonprofit organization in the Unknown sector, located in Bristol, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Bristol Rotary Scholarship Fund Inc have?
Bristol Rotary Scholarship Fund Inc reported total revenue of $1,107,501. Based on 10 IRS 990 filings on record.
What are Bristol Rotary Scholarship Fund Inc's total assets?
Bristol Rotary Scholarship Fund Inc holds total assets of $4,923,485 as reported in IRS 990 filings.
Where is Bristol Rotary Scholarship Fund Inc located?
Bristol Rotary Scholarship Fund Inc is based in Bristol, Connecticut.
What is Bristol Rotary Scholarship Fund Inc's EIN?
Bristol Rotary Scholarship Fund Inc's Employer Identification Number (EIN) is 223151333. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bristol Rotary Scholarship Fund Inc?
Bristol Rotary Scholarship Fund Inc is classified under NTEE code Unknown (Unknown).
Is Bristol Rotary Scholarship Fund Inc a registered 501(c)(3)?
Bristol Rotary Scholarship Fund Inc appears in IRS records (EIN: 223151333). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bristol Rotary Scholarship Fund Inc file IRS Form 990?
Yes, Bristol Rotary Scholarship Fund Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bristol Rotary Scholarship Fund Inc's revenue in 2023?
In the 202312 filing period, Bristol Rotary Scholarship Fund Inc reported total revenue of $188,445, total expenses of $317,256, and net assets of $4,940,078.
Is Bristol Rotary Scholarship Fund Inc's revenue growing or declining?
Bristol Rotary Scholarship Fund Inc's revenue is declining. Revenue went from $549,281 (202212) to $188,445 (202312), a -65.7% change. Based on 10 filings on record.
What is Bristol Rotary Scholarship Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bristol Rotary Scholarship Fund Inc covers tax period 202312. It shows revenue of $188,445, expenses of $317,256, total assets of $4,940,078, and liabilities of $1.
How much does Bristol Rotary Scholarship Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Bristol Rotary Scholarship Fund Inc allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Bristol Rotary Scholarship Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bristol Rotary Scholarship Fund Inc appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Bristol Rotary Scholarship Fund Inc?
The following concerns were identified: Administrative costs have remained low, indicating efficient operations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bristol Rotary Scholarship Fund Inc's strengths?
Positive indicators for Bristol Rotary Scholarship Fund Inc include: Consistent allocation to programs ensures that funds are used for their intended purpose.. These findings are derived from AI analysis of the organization's financial filings.
How does Bristol Rotary Scholarship Fund Inc compensate executives?
Executive compensation remains at zero, ensuring transparency and accountability. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Bristol Rotary Scholarship Fund Inc?
1. Detailed breakdown of expenditures shows consistent allocation to programs. 2. Administrative costs remain low, indicating efficient operations. 3. Fundraising efforts have increased, contributing to overall growth. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure the transparency of its fundraising efforts?
The organization provides detailed reports on fundraising activities, including the amount raised and the methods used, ensuring donors and stakeholders can see how their contributions are being leveraged.
What measures does the organization take to ensure that executive compensation remains at zero?
The organization adheres to a policy of not compensating executives, ensuring that all funds are directed towards programmatic activities and scholarships.
Can you explain the trend in administrative costs over the past few years?
Administrative costs have remained consistently low, indicating that the organization is operating efficiently and maximizing the impact of its funds on scholarship programs.
Filing History
IRS 990 filing history for Bristol Rotary Scholarship Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bristol Rotary Scholarship Fund Inc's revenue has declined by 26.5%, moving from $256K to $188K. Total assets increased by 42.2% over the same period, from $3.5M to $4.9M. Total functional expenses rose by 151%, from $126K to $317K. In its most recent filing year (2023), Bristol Rotary Scholarship Fund Inc reported a deficit of $129K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $317K | $4.9M | $1 | — | — |
| 2022 | $549K | $365K | $5.1M | $1 | — | View 990 |
| 2021 | $841K | $334K | $4.9M | $1 | — | View 990 |
| 2020 | $175K | $330K | $4.4M | $1 | — | — |
| 2019 | $287K | $278K | $4.6M | $1 | — | View 990 |
| 2015 | $333K | $175K | $4.2M | $1 | — | View 990 |
| 2014 | $449K | $184K | $4.0M | $0 | — | View 990 |
| 2013 | $416K | $173K | $3.7M | $0 | — | View 990 |
| 2012 | $216K | $197K | $3.5M | $0 | — | View 990 |
| 2011 | $256K | $126K | $3.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $317K, and assets of $4.9M (revenue -65.7% year-over-year).
- 2022: Revenue of $549K, expenses of $365K, and assets of $5.1M (revenue -34.7% year-over-year).
- 2021: Revenue of $841K, expenses of $334K, and assets of $4.9M (revenue +381.7% year-over-year).
- 2020: Revenue of $175K, expenses of $330K, and assets of $4.4M (revenue -39.2% year-over-year).
- 2019: Revenue of $287K, expenses of $278K, and assets of $4.6M (revenue -13.8% year-over-year).
- 2015: Revenue of $333K, expenses of $175K, and assets of $4.2M (revenue -25.9% year-over-year).
- 2014: Revenue of $449K, expenses of $184K, and assets of $4.0M (revenue +7.9% year-over-year).
- 2013: Revenue of $416K, expenses of $173K, and assets of $3.7M (revenue +92.4% year-over-year).
- 2012: Revenue of $216K, expenses of $197K, and assets of $3.5M (revenue -15.6% year-over-year).
- 2011: Revenue of $256K, expenses of $126K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Rotary Scholarship Fund Inc:
Data Sources and Methodology
This transparency report for Bristol Rotary Scholarship Fund 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.