Budgit Foundation
EIN: 824389185 · Upper Marlboro, MD · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $660K |
| Total Expenses | $330K |
| Net Assets | $311K |
Is Budgit Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Budgit Foundation
Budgit Foundation (EIN: 824389185) is a nonprofit organization based in Upper Marlboro, MD, classified under NTEE code P20. The organization reported total revenue of $660K and total assets of $452K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Budgit Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Budgit Foundation is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 100.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $628K |
| Total Expenses | $330K |
| Surplus / Deficit | +$298K |
| Total Assets | $311K |
| Net Assets | $311K |
| Operating Margin | 47.4% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Budgit Foundation reported a surplus of $298K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Budgit Foundation's revenue has grown at a compound annual growth rate (CAGR) of 100.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.9% | +10.2% | +2287.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Budgit Foundation 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 Budgit Foundation 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 $298K, with revenue exceeding expenses.
Frequently Asked Questions about Budgit Foundation
Is Budgit Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Budgit Foundation (EIN: 824389185) insufficient data. 0 red flags identified, 0 strengths noted.
How does Budgit Foundation spend its money?
Detailed spending breakdown data is not yet available for Budgit Foundation. Check back for updated IRS 990 analysis.
Are donations to Budgit Foundation tax-deductible?
Budgit Foundation is registered as a tax-exempt nonprofit (EIN: 824389185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Budgit Foundation located?
Budgit Foundation is headquartered in Upper Marlboro, Maryland and files with the IRS under EIN 824389185. It is classified under NTEE code P20.
How many years of IRS 990 filings does Budgit Foundation have?
Budgit Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $660K in total revenue.
Filing History
IRS 990 filing history for Budgit Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Budgit Foundation's revenue has grown by 100.9%, moving from $312K to $628K. Total assets increased by 2287.3% over the same period, from $13K to $311K. Total functional expenses rose by 10.2%, from $299K to $330K. In its most recent filing year (2023), Budgit Foundation reported a surplus of $298K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $628K | $330K | $311K | $0 | — | View 990 |
| 2022 | $312K | $299K | $13K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Budgit Foundation:
Data Sources and Methodology
This transparency report for Budgit 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.