Brodie Derrick Memorial Fund
EIN: 861476954 · Gilbert, SC · NTEE: W12
| Metric | Value |
|---|---|
| Total Revenue | $12K |
| Total Expenses | $11K |
| Net Assets | $5K |
Is Brodie Derrick Memorial Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Brodie Derrick Memorial Fund
Brodie Derrick Memorial Fund (EIN: 861476954) is a nonprofit organization based in Gilbert, SC, classified under NTEE code W12. The organization reported total revenue of $12K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brodie Derrick Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brodie Derrick Memorial Fund is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $11K |
| Surplus / Deficit | $-581 |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | -5.8% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2023, Brodie Derrick Memorial Fund reported a deficit of $581 with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2021–2023), Brodie Derrick Memorial Fund's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.3% | +8.9% | -10.7% |
| 2022 | +1.4% | -4.0% | +124.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Brodie Derrick Memorial Fund 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 Brodie Derrick Memorial Fund 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 deficit of $581, with expenses exceeding revenue.
Frequently Asked Questions about Brodie Derrick Memorial Fund
Is Brodie Derrick Memorial Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Brodie Derrick Memorial Fund (EIN: 861476954) insufficient data. 0 red flags identified, 0 strengths noted.
How does Brodie Derrick Memorial Fund spend its money?
Detailed spending breakdown data is not yet available for Brodie Derrick Memorial Fund. Check back for updated IRS 990 analysis.
Are donations to Brodie Derrick Memorial Fund tax-deductible?
Brodie Derrick Memorial Fund is registered as a tax-exempt nonprofit (EIN: 861476954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Brodie Derrick Memorial Fund located?
Brodie Derrick Memorial Fund is headquartered in Gilbert, South Carolina and files with the IRS under EIN 861476954. It is classified under NTEE code W12.
How many years of IRS 990 filings does Brodie Derrick Memorial Fund have?
Brodie Derrick Memorial Fund has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $12K in total revenue.
Filing History
IRS 990 filing history for Brodie Derrick Memorial Fund showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Brodie Derrick Memorial Fund's revenue has declined by 20.2%, moving from $13K to $10K. Total assets increased by 100.3% over the same period, from $2K to $5K. Total functional expenses rose by 4.5%, from $10K to $11K. In its most recent filing year (2023), Brodie Derrick Memorial Fund reported a deficit of $581, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $11K | $5K | $0 | — | View 990 |
| 2022 | $13K | $10K | $5K | $0 | — | View 990 |
| 2021 | $13K | $10K | $2K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $11K, and assets of $5K (revenue -21.3% year-over-year).
- 2022: Revenue of $13K, expenses of $10K, and assets of $5K (revenue +1.4% year-over-year).
- 2021: Revenue of $13K, expenses of $10K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brodie Derrick Memorial Fund:
Data Sources and Methodology
This transparency report for Brodie Derrick Memorial Fund 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.