Busfield Foundation
Busfield Foundation consistently spends more than annual revenue, drawing from its over $1 million asset base.
EIN: 161468338 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $423K |
| Total Expenses | $17K |
| Program Spending | 75% |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Busfield Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Busfield Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Busfield Foundation
Busfield Foundation (EIN: 161468338) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $423K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Busfield Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Busfield Foundation is a small nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $17K |
| Surplus / Deficit | +$41K |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | 70.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 752.8 months |
Financial Health Grade: A
In 2023, Busfield Foundation reported a surplus of $41K with revenue exceeding expenses, holds 752.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Busfield Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -123.3% | -3.0% | -9.5% |
| 2021 | +57.3% | +0.8% | -2.1% |
| 2020 | -21.8% | -4.7% | -3.9% |
| 2019 | +106.7% | +5.5% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Busfield 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: 75%
- fundraising: 10%
According to IRS 990 filings, Busfield 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that officers are either uncompensated volunteers or their compensation is categorized under other expense lines, which would require further investigation for full transparency.
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 Busfield Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most years), indicating reliance on asset drawdowns.
- Negative revenue reported in 2022 (-$16,522), which could indicate significant investment losses or unusual financial events.
- Lack of detailed expense breakdown (program, admin, fundraising) in the summary data makes efficiency analysis difficult.
Strengths
The following positive indicators were identified for Busfield Foundation:
- Strong and stable asset base, consistently over $1 million, providing long-term financial security.
- Virtually no liabilities reported across all periods, indicating excellent financial solvency.
- Consistent reporting of 0% officer compensation, suggesting a lean operational structure or volunteer leadership.
Frequently Asked Questions about Busfield Foundation
Is Busfield Foundation a legitimate charity?
Busfield Foundation (EIN: 161468338) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $423K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Busfield Foundation spend its money?
Busfield Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Busfield Foundation tax-deductible?
Busfield Foundation is registered as a tax-exempt nonprofit (EIN: 161468338). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Busfield Foundation's spending goes to programs?
Busfield Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Busfield Foundation located?
Busfield Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 161468338.
How many years of IRS 990 filings does Busfield Foundation have?
Busfield Foundation 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 $423K in total revenue.
What are the specific programs or grants the Busfield Foundation supports?
The provided data does not detail specific program activities or grants. Further investigation into their IRS Form 990 filings would be necessary to understand their programmatic focus.
How does the Busfield Foundation manage its investment portfolio to sustain its asset base?
While the foundation maintains a stable asset base over $1 million, the data does not provide details on investment strategies or returns. The fluctuating revenue, including negative revenue in 2022, suggests investment performance significantly impacts annual income.
Is the 'Officer Comp=0%' accurate, or is compensation reported elsewhere?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer board or that compensation is included within other expense categories. A deeper dive into the full 990 forms would clarify this.
Filing History
IRS 990 filing history for Busfield Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Busfield Foundation's revenue has grown by 92.7%, moving from $30K to $58K. Total assets decreased by 9.7% over the same period, from $1.2M to $1.1M. Total functional expenses fell by 80.8%, from $90K to $17K. In its most recent filing year (2023), Busfield Foundation reported a surplus of $41K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $17K | $1.1M | $1 | — | — |
| 2022 | $-16,522 | $91K | $1.0M | $1 | — | View 990 |
| 2021 | $71K | $94K | $1.2M | $1 | — | — |
| 2020 | $45K | $93K | $1.2M | $1 | — | — |
| 2019 | $58K | $98K | $1.2M | $1 | — | View 990 |
| 2015 | $28K | $93K | $1.2M | $0 | — | View 990 |
| 2014 | $83K | $90K | $1.2M | $0 | — | View 990 |
| 2013 | $113K | $94K | $1.2M | $0 | — | View 990 |
| 2012 | $85K | $86K | $1.2M | $0 | — | View 990 |
| 2011 | $30K | $90K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $17K, and assets of $1.1M.
- 2022: Revenue of $-16,522, expenses of $91K, and assets of $1.0M (revenue -123.3% year-over-year).
- 2021: Revenue of $71K, expenses of $94K, and assets of $1.2M (revenue +57.3% year-over-year).
- 2020: Revenue of $45K, expenses of $93K, and assets of $1.2M (revenue -21.8% year-over-year).
- 2019: Revenue of $58K, expenses of $98K, and assets of $1.2M (revenue +106.7% year-over-year).
- 2015: Revenue of $28K, expenses of $93K, and assets of $1.2M (revenue -66.4% year-over-year).
- 2014: Revenue of $83K, expenses of $90K, and assets of $1.2M (revenue -26.7% year-over-year).
- 2013: Revenue of $113K, expenses of $94K, and assets of $1.2M (revenue +33.1% year-over-year).
- 2012: Revenue of $85K, expenses of $86K, and assets of $1.2M (revenue +183.0% year-over-year).
- 2011: Revenue of $30K, expenses of $90K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Busfield Foundation:
Data Sources and Methodology
This transparency report for Busfield 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.