Bspc Foundation
Bspc Foundation operates with fluctuating revenues and recent deficits, maintaining a solid asset base.
EIN: 205911051 · Wethersfield, CT · NTEE: T22 · Updated: 2026-03-28
Is Bspc Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bspc Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bspc Foundation
Bspc Foundation (EIN: 205911051) is a nonprofit organization based in Wethersfield, CT, classified under NTEE code T22. The organization reported total revenue of $579K and total assets of $602K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bspc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bspc Foundation with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bspc Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is highly favorable for an organization of its size with latest revenue of $579,318.
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 Bspc Foundation's IRS 990 filings:
- Expenses significantly exceeded revenue in 2023 ($248,300 vs. $137,177) and 2022 ($223,045 vs. $79,538), indicating operating deficits.
- Fluctuating revenue streams, with a high of $398,344 in 2021 and a low of $29,081 in 2012, suggest potential instability in funding.
Strengths
The following positive indicators were identified for Bspc Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds at the executive level.
- Maintains a healthy asset base, with $625,552 in assets in 2023, providing financial stability despite recent deficits.
- Low liabilities reported in most years, suggesting responsible debt management.
- Long history of IRS 990 filings (10 filings), demonstrating transparency and consistent reporting.
Frequently Asked Questions about Bspc Foundation
Is Bspc Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bspc Foundation (EIN: 205911051) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Bspc Foundation spend its money?
Bspc Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bspc Foundation tax-deductible?
Bspc Foundation is registered as a tax-exempt nonprofit (EIN: 205911051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have expenses significantly exceeded revenue in recent years (e.g., 2023 and 2022)?
In 2023, expenses were $248,300 while revenue was $137,177, and in 2022, expenses were $223,045 against revenue of $79,538. This trend suggests the organization is either drawing down reserves or experiencing temporary funding shortfalls.
What is the specific allocation of expenses between program services, administration, and fundraising?
The provided data does not offer a detailed breakdown of expenses. While a general spending breakdown is estimated, specific figures from the 990s would be needed for a precise answer.
How does the organization plan to address the recent operating deficits to ensure long-term sustainability?
With expenses exceeding revenue in recent periods, understanding the strategy to balance the budget and ensure financial stability is crucial for future operations.
Filing History
IRS 990 filing history for Bspc Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bspc Foundation's revenue has grown by 64.7%, moving from $83K to $137K. Total assets decreased by 3.5% over the same period, from $648K to $626K. Total functional expenses rose by 63.2%, from $152K to $248K. In its most recent filing year (2023), Bspc Foundation reported a deficit of $111K, with expenses exceeding revenue. The organization holds $1 in liabilities against $626K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $626K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $137K | $248K | $626K | $1 | — | — |
| 2022 | $80K | $223K | $738K | $19K | — | View 990 |
| 2021 | $398K | $103K | $1.1M | $1 | — | — |
| 2020 | $89K | $85K | $772K | $1 | — | — |
| 2019 | $233K | $98K | $768K | $0 | — | View 990 |
| 2015 | $53K | $58K | $642K | $0 | — | View 990 |
| 2014 | $71K | $59K | $647K | $0 | — | View 990 |
| 2013 | $142K | $83K | $635K | $0 | — | View 990 |
| 2012 | $29K | $65K | $612K | $0 | — | View 990 |
| 2011 | $83K | $152K | $648K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137K, expenses of $248K, and assets of $626K (revenue +72.5% year-over-year).
- 2022: Revenue of $80K, expenses of $223K, and assets of $738K (revenue -80.0% year-over-year).
- 2021: Revenue of $398K, expenses of $103K, and assets of $1.1M (revenue +348.8% year-over-year).
- 2020: Revenue of $89K, expenses of $85K, and assets of $772K (revenue -61.9% year-over-year).
- 2019: Revenue of $233K, expenses of $98K, and assets of $768K (revenue +342.9% year-over-year).
- 2015: Revenue of $53K, expenses of $58K, and assets of $642K (revenue -25.6% year-over-year).
- 2014: Revenue of $71K, expenses of $59K, and assets of $647K (revenue -50.1% year-over-year).
- 2013: Revenue of $142K, expenses of $83K, and assets of $635K (revenue +386.9% year-over-year).
- 2012: Revenue of $29K, expenses of $65K, and assets of $612K (revenue -65.1% year-over-year).
- 2011: Revenue of $83K, expenses of $152K, and assets of $648K.
Data Sources and Methodology
This transparency report for Bspc 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.