Buckingham Foundation Inc
Buckingham Foundation maintains substantial assets despite fluctuating revenues and occasional operating deficits.
EIN: 202825177 · Indianapolis, IN · NTEE: T70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $6.8M |
| Program Spending | 85% |
| Net Assets | $6.1M |
| Transparency Score | 80/100 |
Is Buckingham Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buckingham Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buckingham Foundation Inc
Buckingham Foundation Inc (EIN: 202825177) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code T70. The organization reported total revenue of $5.6M and total assets of $32.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buckingham Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buckingham Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-1,100,917 |
| Total Assets | $34.3M |
| Total Liabilities | $28.1M |
| Net Assets | $6.1M |
| Operating Margin | -19.4% |
| Debt-to-Asset Ratio | 82.1% |
| Months of Reserves | 60.8 months |
Financial Health Grade: C
In 2023, Buckingham Foundation Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 60.8 months of operating reserves (strong position), has a debt-to-asset ratio of 82.1% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Buckingham Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.5% | +30.2% | -3.1% |
| 2022 | +176.7% | +44.4% | +98.8% |
| 2021 | -0.2% | +11.5% | +35.3% |
| 2020 | -59.9% | -21.5% | -15.9% |
| 2019 | +93.8% | -10.2% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Buckingham Foundation Inc with a Mission Score of 80 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Buckingham Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either that no officers receive compensation directly from the foundation or that compensation is covered by a related entity, which enhances transparency regarding direct payroll costs.
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 Buckingham Foundation Inc's IRS 990 filings:
- Operating deficits in multiple years (e.g., $1,100,917 in 2023, $321,768 in 2021, $358,494 in 2018, $145,945 in 2017, $192,133 in 2015, $575,486 in 2014) indicate reliance on reserves or other funding sources.
- Significant fluctuations in revenue, from $9,070,003 in 2022 to $5,665,324 in 2023, could indicate an inconsistent funding model or reliance on large, infrequent contributions.
Strengths
The following positive indicators were identified for Buckingham Foundation Inc:
- Substantial and growing asset base, reaching $34,274,035 in 2023, provides financial stability.
- Consistent reporting of 0% officer compensation indicates transparency regarding direct executive payroll.
- Strong revenue year in 2022 ($9,070,003) demonstrates capacity for significant fundraising or grant acquisition.
Frequently Asked Questions about Buckingham Foundation Inc
Is Buckingham Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Buckingham Foundation Inc (EIN: 202825177) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Buckingham Foundation Inc spend its money?
Buckingham Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Buckingham Foundation Inc tax-deductible?
Buckingham Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202825177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Buckingham Foundation Inc's spending goes to programs?
Buckingham Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Buckingham Foundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Buckingham Foundation Inc is above average for NTEE category T70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Buckingham Foundation Inc located?
Buckingham Foundation Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 202825177. It is classified under NTEE code T70.
How many years of IRS 990 filings does Buckingham Foundation Inc have?
Buckingham Foundation Inc has 14 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 $5.6M in total revenue.
How does Buckingham Foundation Inc. cover operating deficits, such as the $1,100,917 deficit in 2023?
The foundation likely covers operating deficits through its substantial asset base, which stood at $34,274,035 in 2023, or through accumulated surpluses from prior years.
What is the nature of the liabilities, which were $28,139,507 in 2023?
Without further detail from the 990, the nature of these significant liabilities (e.g., program-related investments, grants payable, or other debt) is unclear and would require reviewing the full filing.
Given the 0% officer compensation, how are the organization's leadership compensated, if at all?
The 0% officer compensation suggests that leadership may be volunteers, compensated by a related entity, or that their compensation is not reported under 'officer compensation' in the standard 990 section, warranting further investigation into the full filing's compensation schedules.
Filing History
IRS 990 filing history for Buckingham Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Buckingham Foundation Inc's revenue has grown by 27.3%, moving from $4.4M to $5.7M. Total assets increased by 76.1% over the same period, from $19.5M to $34.3M. Total functional expenses rose by 107.4%, from $3.3M to $6.8M. In its most recent filing year (2023), Buckingham Foundation Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $28.1M in liabilities against $34.3M in assets (debt-to-asset ratio: 82.1%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $6.8M | $34.3M | $28.1M | — | — |
| 2022 | $9.1M | $5.2M | $35.4M | $28.1M | — | View 990 |
| 2021 | $3.3M | $3.6M | $17.8M | $14.4M | — | View 990 |
| 2020 | $3.3M | $3.2M | $13.1M | $9.5M | — | View 990 |
| 2019 | $8.2M | $4.1M | $15.6M | $12.0M | — | View 990 |
| 2018 | $4.2M | $4.6M | $17.0M | $17.4M | — | View 990 |
| 2017 | $4.9M | $5.1M | $18.0M | $18.0M | — | View 990 |
| 2016 | $4.9M | $4.8M | $22.2M | $22.1M | — | View 990 |
| 2015 | $3.3M | $3.4M | $22.5M | $22.4M | — | View 990 |
| 2014 | $3.0M | $3.6M | $16.2M | $15.9M | — | View 990 |
| 2013 | $2.9M | $3.4M | $16.9M | $16.1M | — | View 990 |
| 2012 | $3.0M | $3.4M | $17.6M | $16.3M | — | View 990 |
| 2011 | $2.9M | $3.5M | $18.4M | $16.6M | — | View 990 |
| 2010 | $4.4M | $3.3M | $19.5M | $17.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $6.8M, and assets of $34.3M (revenue -37.5% year-over-year).
- 2022: Revenue of $9.1M, expenses of $5.2M, and assets of $35.4M (revenue +176.7% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.6M, and assets of $17.8M (revenue -0.2% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.2M, and assets of $13.1M (revenue -59.9% year-over-year).
- 2019: Revenue of $8.2M, expenses of $4.1M, and assets of $15.6M (revenue +93.8% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.6M, and assets of $17.0M (revenue -14.0% year-over-year).
- 2017: Revenue of $4.9M, expenses of $5.1M, and assets of $18.0M (revenue +0.4% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.8M, and assets of $22.2M (revenue +50.4% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.4M, and assets of $22.5M (revenue +8.2% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.6M, and assets of $16.2M (revenue +3.2% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.4M, and assets of $16.9M (revenue -2.1% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.4M, and assets of $17.6M (revenue +2.8% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.5M, and assets of $18.4M (revenue -34.8% year-over-year).
- 2010: Revenue of $4.4M, expenses of $3.3M, and assets of $19.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buckingham Foundation Inc:
Data Sources and Methodology
This transparency report for Buckingham Foundation 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.