Business Outreach Center Network Inc
Business Outreach Center Network Inc. consistently operates near break-even with zero reported officer compensation.
EIN: 113306111 · Brooklyn, NY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $3.9M |
| Program Spending | 90% |
| Net Assets | $3.0M |
| Transparency Score | 92/100 |
Is Business Outreach Center Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Business Outreach Center Network Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Business Outreach Center Network Inc
Business Outreach Center Network Inc (EIN: 113306111) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code S41. The organization reported total revenue of $4.8M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Business Outreach Center Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Business Outreach Center Network Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$3K |
| Total Assets | $4.2M |
| Total Liabilities | $1.2M |
| Net Assets | $3.0M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 27.8% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, Business Outreach Center Network Inc reported a surplus of $3K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 27.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Business Outreach Center Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.6% | -21.1% | -4.9% |
| 2022 | +17.0% | +11.2% | +29.0% |
| 2021 | +9.7% | +21.2% | +1.6% |
| 2020 | +43.4% | +19.0% | +51.0% |
| 2019 | -1.0% | +2.7% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Outreach Center Network Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Business Outreach Center Network Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with revenues consistently in the millions, suggesting either a volunteer leadership model or compensation being covered by other entities, which warrants further investigation for complete 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 Business Outreach Center Network Inc's IRS 990 filings:
- Zero reported officer compensation for a multi-million dollar organization, which is highly unusual and could indicate compensation is paid by a related entity or not fully disclosed in this section.
Strengths
The following positive indicators were identified for Business Outreach Center Network Inc:
- Consistent financial health with stable revenues and positive net assets.
- Remarkable transparency in reporting zero officer compensation, suggesting high dedication of funds to mission.
- Steady growth in assets over the past decade, indicating strong financial management and capacity building.
- Expenses consistently managed close to revenue, demonstrating efficient operational control.
- Long filing history (13 filings) shows sustained operation and compliance.
Frequently Asked Questions about Business Outreach Center Network Inc
Is Business Outreach Center Network Inc a legitimate charity?
Business Outreach Center Network Inc (EIN: 113306111) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Business Outreach Center Network Inc spend its money?
Business Outreach Center Network Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Business Outreach Center Network Inc tax-deductible?
Business Outreach Center Network Inc is registered as a tax-exempt nonprofit (EIN: 113306111). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Business Outreach Center Network Inc's spending goes to programs?
Business Outreach Center Network Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Business Outreach Center Network Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Business Outreach Center Network Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Business Outreach Center Network Inc located?
Business Outreach Center Network Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113306111. It is classified under NTEE code S41.
How many years of IRS 990 filings does Business Outreach Center Network Inc have?
Business Outreach Center Network Inc has 13 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 $4.8M in total revenue.
Is Business Outreach Center Network Inc. a good charity?
Based on the available IRS 990 data, BOCNET appears to be a very good charity. It demonstrates strong financial health, consistent revenue, growing assets, and a remarkable commitment to directing funds to its mission by reporting zero officer compensation across all filings.
How does BOCNET manage to have zero officer compensation with multi-million dollar revenues?
The filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, compensated by a related entity, or that compensation is reported under other expense categories. While positive for direct program spending, it's an unusual structure for an organization of this scale and could benefit from further clarification in public disclosures.
What is the trend in BOCNET's financial stability?
BOCNET shows a strong trend of financial stability. Revenues have generally increased over the past decade, from $2,165,622 in 2015 to $3,858,980 in 2023, and assets have consistently grown, reaching $4,156,439 in the latest period, indicating healthy growth and asset accumulation.
Filing History
IRS 990 filing history for Business Outreach Center Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Business Outreach Center Network Inc's revenue has grown by 123.5%, moving from $1.7M to $3.9M. Total assets increased by 214.2% over the same period, from $1.3M to $4.2M. Total functional expenses rose by 130%, from $1.7M to $3.9M. In its most recent filing year (2023), Business Outreach Center Network Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $4.2M in assets (debt-to-asset ratio: 27.8%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.9M | $4.2M | $1.2M | — | View 990 |
| 2022 | $5.4M | $4.9M | $4.4M | $1.4M | — | View 990 |
| 2021 | $4.6M | $4.4M | $3.4M | $909K | — | View 990 |
| 2020 | $4.2M | $3.6M | $3.3M | $1.1M | — | View 990 |
| 2019 | $2.9M | $3.0M | $2.2M | $278K | — | View 990 |
| 2018 | $3.0M | $3.0M | $2.4M | $401K | — | View 990 |
| 2017 | $2.7M | $2.5M | $2.5M | $434K | — | View 990 |
| 2016 | $2.3M | $2.3M | $2.2M | $424K | — | View 990 |
| 2015 | $2.2M | $2.1M | $2.1M | $383K | — | View 990 |
| 2014 | $2.7M | $2.2M | $2.0M | $397K | — | View 990 |
| 2013 | $2.0M | $2.0M | $1.4M | $346K | — | View 990 |
| 2012 | $1.7M | $1.7M | $1.3M | $394K | — | View 990 |
| 2011 | $1.7M | $1.7M | $1.3M | $388K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.9M, and assets of $4.2M (revenue -28.6% year-over-year).
- 2022: Revenue of $5.4M, expenses of $4.9M, and assets of $4.4M (revenue +17.0% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.4M, and assets of $3.4M (revenue +9.7% year-over-year).
- 2020: Revenue of $4.2M, expenses of $3.6M, and assets of $3.3M (revenue +43.4% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.0M, and assets of $2.2M (revenue -1.0% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.0M, and assets of $2.4M (revenue +8.4% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.5M, and assets of $2.5M (revenue +16.7% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $2.2M (revenue +8.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.1M, and assets of $2.1M (revenue -20.3% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.2M, and assets of $2.0M (revenue +33.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.0M, and assets of $1.4M (revenue +20.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $1.3M (revenue -2.0% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Business Outreach Center Network Inc:
Data Sources and Methodology
This transparency report for Business Outreach Center Network 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.