Broometime Foundation
Broometime Foundation operates as a very small, volunteer-run entity with fluctuating minimal revenue and consistent low liabilities.
EIN: 205819916 · Mc Gill, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $730 |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $14K |
| Transparency Score | 75/100 |
Is Broometime Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broometime Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broometime Foundation
Broometime Foundation (EIN: 205819916) is a nonprofit organization based in Mc Gill, NV, classified under NTEE code T22. The organization reported total revenue of $1K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broometime Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broometime Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $730 |
| Surplus / Deficit | +$397 |
| Total Assets | $14K |
| Total Liabilities | $1 |
| Net Assets | $14K |
| Operating Margin | 35.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 222.1 months |
Financial Health Grade: A
In 2023, Broometime Foundation reported a surplus of $397 with revenue exceeding expenses, holds 222.1 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), Broometime Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +570.8% | -83.8% | +3.0% |
| 2022 | -94.0% | +818.3% | -24.9% |
| 2021 | +45.6% | -0.8% | +15.3% |
| 2020 | -17.7% | -9.0% | +10.4% |
| 2019 | +16.5% | -49.5% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Broometime Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Broometime Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $397, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all filings, indicating that the organization is entirely volunteer-run and does not allocate any funds to officer salaries, which is highly efficient for an organization of its small size.
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 Broometime Foundation's IRS 990 filings:
- Highly volatile annual revenue, making financial planning challenging (e.g., $168 in 2022 vs. $2,809 in 2021).
- Significant deficit in 2022 where expenses ($4,518) far exceeded revenue ($168).
Strengths
The following positive indicators were identified for Broometime Foundation:
- Consistently reports $0 officer compensation, indicating a volunteer-led model and efficient use of funds.
- Maintains very low liabilities ($1 across all filings), demonstrating strong financial solvency.
- Consistent IRS 990 filing history, indicating good transparency for its size.
- Assets have shown a general upward trend over the decade, from $8,270 in 2011 to $13,979 currently.
Frequently Asked Questions about Broometime Foundation
Is Broometime Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Broometime Foundation (EIN: 205819916) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Broometime Foundation spend its money?
Broometime Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Broometime Foundation tax-deductible?
Broometime Foundation is registered as a tax-exempt nonprofit (EIN: 205819916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Broometime Foundation CEO make?
Broometime Foundation's highest-compensated officer earns $0 annually. The organization reported $1K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Broometime Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Broometime Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Broometime Foundation located?
Broometime Foundation is headquartered in Mc Gill, Nevada and files with the IRS under EIN 205819916. It is classified under NTEE code T22.
How many years of IRS 990 filings does Broometime Foundation have?
Broometime Foundation 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 $1K in total revenue.
What specific programs does Broometime Foundation operate?
The provided IRS 990 data does not detail specific programs, only financial figures. Given its NTEE code T22 (Philanthropy, Voluntarism & Grantmaking Foundations), it likely engages in grantmaking or supporting other charitable activities, but specifics are not available.
How does Broometime Foundation manage to operate with such low expenses?
The consistently low expenses, often under $1,000 annually, combined with $0 officer compensation, suggest that the organization relies heavily on volunteer labor and likely has minimal operational overhead, possibly operating out of a home or with donated resources.
What caused the significant expense spike in 2022?
In 2022, expenses were $4,518 against only $168 in revenue. The provided data does not specify the nature of these expenses, but it represents a significant outflow relative to its typical operations and revenue, leading to a substantial deficit for that year.
Filing History
IRS 990 filing history for Broometime Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Broometime Foundation's revenue has declined by 43.3%, moving from $2K to $1K. Total assets increased by 63.4% over the same period, from $8K to $14K. Total functional expenses fell by 70.8%, from $3K to $730. In its most recent filing year (2023), Broometime Foundation reported a surplus of $397, with revenue exceeding expenses. The organization holds $1 in liabilities against $14K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $730 | $14K | $1 | — | — |
| 2022 | $168 | $5K | $13K | $1 | — | — |
| 2021 | $3K | $492 | $17K | $1 | — | — |
| 2020 | $2K | $496 | $15K | $1 | — | — |
| 2019 | $2K | $545 | $14K | $1 | — | View 990 |
| 2015 | $2K | $1K | $14K | $1 | — | View 990 |
| 2014 | $2K | $1K | $13K | $1 | — | View 990 |
| 2013 | $2K | $2K | $12K | $1 | — | View 990 |
| 2012 | $6K | $3K | $11K | $1 | — | View 990 |
| 2011 | $2K | $3K | $8K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $730, and assets of $14K (revenue +570.8% year-over-year).
- 2022: Revenue of $168, expenses of $5K, and assets of $13K (revenue -94.0% year-over-year).
- 2021: Revenue of $3K, expenses of $492, and assets of $17K (revenue +45.6% year-over-year).
- 2020: Revenue of $2K, expenses of $496, and assets of $15K (revenue -17.7% year-over-year).
- 2019: Revenue of $2K, expenses of $545, and assets of $14K (revenue +16.5% year-over-year).
- 2015: Revenue of $2K, expenses of $1K, and assets of $14K (revenue -18.5% year-over-year).
- 2014: Revenue of $2K, expenses of $1K, and assets of $13K (revenue -0.9% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $12K (revenue -59.6% year-over-year).
- 2012: Revenue of $6K, expenses of $3K, and assets of $11K (revenue +210.0% year-over-year).
- 2011: Revenue of $2K, expenses of $3K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broometime Foundation:
Data Sources and Methodology
This transparency report for Broometime Foundation 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.