Bruces Legacy Inc
EIN: 463818596 · Blk River Fls, WI · NTEE: M23
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $58K |
| Net Assets | $247K |
Is Bruces Legacy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bruces Legacy Inc
Bruces Legacy Inc (EIN: 463818596) is a nonprofit organization based in Blk River Fls, WI, classified under NTEE code M23. The organization reported total revenue of $103K and total assets of $243K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bruces Legacy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bruces Legacy Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $58K |
| Surplus / Deficit | +$10K |
| Total Assets | $247K |
| Net Assets | $247K |
| Operating Margin | 14.5% |
| Months of Reserves | 51.2 months |
Financial Health Grade: A
In 2023, Bruces Legacy Inc reported a surplus of $10K with revenue exceeding expenses, holds 51.2 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2013–2023), Bruces Legacy Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.1% | -20.6% | +4.1% |
| 2022 | +62.0% | +111.7% | +95.1% |
| 2021 | +60.2% | -47.6% | +206.4% |
| 2020 | -2.2% | -31.0% | +20.8% |
| 2019 | +18.2% | +55.8% | -39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bruces Legacy Inc 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 Bruces Legacy Inc 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 surplus of $10K, with revenue exceeding expenses.
Frequently Asked Questions about Bruces Legacy Inc
Is Bruces Legacy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bruces Legacy Inc (EIN: 463818596) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bruces Legacy Inc spend its money?
Detailed spending breakdown data is not yet available for Bruces Legacy Inc. Check back for updated IRS 990 analysis.
Are donations to Bruces Legacy Inc tax-deductible?
Bruces Legacy Inc is registered as a tax-exempt nonprofit (EIN: 463818596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bruces Legacy Inc located?
Bruces Legacy Inc is headquartered in Blk River Fls, Wisconsin and files with the IRS under EIN 463818596. It is classified under NTEE code M23.
How many years of IRS 990 filings does Bruces Legacy Inc have?
Bruces Legacy 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 $103K in total revenue.
Filing History
IRS 990 filing history for Bruces Legacy Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Bruces Legacy Inc's revenue has grown by 13.4%, moving from $60K to $68K. Total assets increased by 520.5% over the same period, from $40K to $247K. Total functional expenses rose by 177.3%, from $21K to $58K. In its most recent filing year (2023), Bruces Legacy Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $58K | $247K | $0 | — | — |
| 2022 | $188K | $73K | $237K | $0 | — | View 990 |
| 2021 | $116K | $34K | $121K | $0 | — | View 990 |
| 2020 | $73K | $66K | $40K | $284 | — | View 990 |
| 2019 | $74K | $95K | $33K | $284 | — | View 990 |
| 2018 | $63K | $61K | $54K | $284 | — | View 990 |
| 2017 | $93K | $80K | $52K | $285 | — | — |
| 2016 | $103K | $58K | $39K | $285 | — | View 990 |
| 2014 | $53K | $81K | $12K | $1K | — | View 990 |
| 2013 | $60K | $21K | $40K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $58K, and assets of $247K (revenue -64.1% year-over-year).
- 2022: Revenue of $188K, expenses of $73K, and assets of $237K (revenue +62.0% year-over-year).
- 2021: Revenue of $116K, expenses of $34K, and assets of $121K (revenue +60.2% year-over-year).
- 2020: Revenue of $73K, expenses of $66K, and assets of $40K (revenue -2.2% year-over-year).
- 2019: Revenue of $74K, expenses of $95K, and assets of $33K (revenue +18.2% year-over-year).
- 2018: Revenue of $63K, expenses of $61K, and assets of $54K (revenue -32.8% year-over-year).
- 2017: Revenue of $93K, expenses of $80K, and assets of $52K (revenue -9.0% year-over-year).
- 2016: Revenue of $103K, expenses of $58K, and assets of $39K (revenue +94.9% year-over-year).
- 2014: Revenue of $53K, expenses of $81K, and assets of $12K (revenue -11.7% year-over-year).
- 2013: Revenue of $60K, expenses of $21K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bruces Legacy Inc:
Data Sources and Methodology
This transparency report for Bruces Legacy 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.