Business Finland Usa Inc
Business Finland Usa Inc. consistently operates at break-even with no reported officer compensation.
EIN: 205107192 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
Is Business Finland Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Business Finland Usa Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Business Finland Usa Inc
Business Finland Usa Inc (EIN: 205107192) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $3.0M and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Business Finland Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Business Finland Usa Inc is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$0 |
| Total Assets | $152K |
| Total Liabilities | $140K |
| Net Assets | $12K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 92.0% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2023, Business Finland Usa Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 92.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Business Finland Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | +37.7% | -1.3% |
| 2022 | +4.6% | +4.6% | +27.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
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 Business Finland Usa Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Business Finland Usa Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are either uncompensated or compensated by a related entity, which is a positive sign for donor confidence and efficient use of funds relative to the organization's size and revenue of nearly $3 million.
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 Business Finland Usa Inc's IRS 990 filings:
- High liabilities relative to assets, suggesting limited financial reserves.
Strengths
The following positive indicators were identified for Business Finland Usa Inc:
- Consistent break-even operations, indicating efficient use of all incoming funds.
- 0% officer compensation reported, demonstrating strong financial transparency and mission focus.
- Stable revenue growth over the past three years (from $1.76M in 2021 to $2.54M in 2023).
Frequently Asked Questions about Business Finland Usa Inc
Is Business Finland Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Business Finland Usa Inc (EIN: 205107192) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Business Finland Usa Inc spend its money?
Business Finland Usa Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Business Finland Usa Inc tax-deductible?
Business Finland Usa Inc is registered as a tax-exempt nonprofit (EIN: 205107192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Business Finland Usa Inc. a good charity?
Based on the available data, Business Finland Usa Inc. appears to be a financially sound organization that consistently expends all its revenue on its mission, with no reported officer compensation. This suggests a strong commitment to its purpose and efficient use of funds. However, without a detailed breakdown of program expenses, it's difficult to fully assess the impact of its spending.
How does Business Finland Usa Inc. manage its finances given its break-even operations?
The organization consistently reports revenues equal to expenses, indicating a 'pass-through' or 'break-even' financial model. This means funds received are directly used for operations and programs, rather than accumulating significant reserves. This model can be efficient but also means the organization has limited financial cushion.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is a significant positive indicator. It suggests that the organization's leadership is either volunteering their time or being compensated by a parent or related entity, which can free up more funds for program activities and demonstrates a high level of financial transparency regarding executive pay.
Filing History
IRS 990 filing history for Business Finland Usa Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Business Finland Usa Inc's revenue has grown by 44.1%, moving from $1.8M to $2.5M. Total assets increased by 25.9% over the same period, from $121K to $152K. Total functional expenses rose by 44.1%, from $1.8M to $2.5M. In its most recent filing year (2023), Business Finland Usa Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $140K in liabilities against $152K in assets (debt-to-asset ratio: 92.0%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.5M | $152K | $140K | — | View 990 |
| 2022 | $1.8M | $1.8M | $154K | $142K | — | View 990 |
| 2021 | $1.8M | $1.8M | $121K | $108K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.5M, and assets of $152K (revenue +37.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $154K (revenue +4.6% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $121K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Business Finland Usa Inc:
Data Sources and Methodology
This transparency report for Business Finland Usa 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.