Bucket Foundation
Bucket Foundation shows inconsistent revenue and frequent operating deficits, with no officer compensation reported.
EIN: 200292424 · Gurley, AL · NTEE: D20 · Updated: 2026-03-28
Is Bucket Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bucket Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bucket Foundation
Bucket Foundation (EIN: 200292424) is a nonprofit organization based in Gurley, AL, classified under NTEE code D20. The organization reported total revenue of $330K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bucket 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 Bucket Foundation with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Bucket Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not reported as officer compensation, which is highly efficient for an organization of this 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 Bucket Foundation's IRS 990 filings:
- Frequent operating deficits (e.g., 2023, 2021, 2013, 2011 where expenses exceeded revenue)
- Significant year-over-year fluctuations in revenue and assets, indicating financial instability
- Low current assets ($9,277) relative to past performance and operational scale
Strengths
The following positive indicators were identified for Bucket Foundation:
- Consistent 0% officer compensation, indicating efficient use of funds at the executive level
- Long and consistent IRS 990 filing history, demonstrating transparency
- Very low liabilities (consistently $1), suggesting minimal debt burden
Frequently Asked Questions about Bucket Foundation
Is Bucket Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bucket Foundation (EIN: 200292424) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Bucket Foundation spend its money?
Bucket Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bucket Foundation tax-deductible?
Bucket Foundation is registered as a tax-exempt nonprofit (EIN: 200292424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bucket Foundation financially stable?
Bucket Foundation's financial stability is questionable due to inconsistent revenue and expenses frequently exceeding revenue, as seen in 2023 where expenses ($348,938) surpassed revenue ($271,595).
How does Bucket Foundation manage its assets?
The organization's assets have fluctuated significantly, from a high of $135,136 in 2020 to a current $9,277, suggesting either active deployment of funds or challenges in asset retention.
What is the trend in Bucket Foundation's revenue?
Revenue has been highly volatile, peaking at $497,800 in 2022 and dropping to $271,595 in 2023, indicating an unpredictable funding environment.
Filing History
IRS 990 filing history for Bucket Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bucket Foundation's revenue has grown by 162.2%, moving from $104K to $272K. Total assets increased by 20.9% over the same period, from $9K to $11K. Total functional expenses rose by 222.2%, from $108K to $349K. In its most recent filing year (2023), Bucket Foundation reported a deficit of $77K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $272K | $349K | $11K | $1 | — | View 990 |
| 2022 | $498K | $441K | $88K | $1 | — | View 990 |
| 2021 | $198K | $301K | $32K | $1 | — | View 990 |
| 2020 | $372K | $257K | $135K | $1 | — | View 990 |
| 2019 | $245K | $234K | $21K | $1 | — | View 990 |
| 2015 | $153K | $148K | $16K | $1 | — | View 990 |
| 2014 | $152K | $145K | $11K | $1 | — | View 990 |
| 2013 | $111K | $126K | $4K | $1 | — | View 990 |
| 2012 | $123K | $113K | $19K | $1 | — | View 990 |
| 2011 | $104K | $108K | $9K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $272K, expenses of $349K, and assets of $11K (revenue -45.4% year-over-year).
- 2022: Revenue of $498K, expenses of $441K, and assets of $88K (revenue +151.9% year-over-year).
- 2021: Revenue of $198K, expenses of $301K, and assets of $32K (revenue -46.8% year-over-year).
- 2020: Revenue of $372K, expenses of $257K, and assets of $135K (revenue +51.5% year-over-year).
- 2019: Revenue of $245K, expenses of $234K, and assets of $21K (revenue +60.4% year-over-year).
- 2015: Revenue of $153K, expenses of $148K, and assets of $16K (revenue +0.4% year-over-year).
- 2014: Revenue of $152K, expenses of $145K, and assets of $11K (revenue +36.7% year-over-year).
- 2013: Revenue of $111K, expenses of $126K, and assets of $4K (revenue -9.3% year-over-year).
- 2012: Revenue of $123K, expenses of $113K, and assets of $19K (revenue +18.6% year-over-year).
- 2011: Revenue of $104K, expenses of $108K, and assets of $9K.
Data Sources and Methodology
This transparency report for Bucket 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.