Butterfield Memorial Foundation
EIN: 873309676 · Albuquerque, NM · NTEE: T12
| Metric | Value |
|---|---|
| Total Revenue | $84K |
| Total Expenses | $36K |
| Net Assets | $-12,269 |
Is Butterfield Memorial Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Butterfield Memorial Foundation
Butterfield Memorial Foundation (EIN: 873309676) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T12. The organization reported total revenue of $84K and total assets of $366 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Butterfield Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Butterfield Memorial Foundation is a micro nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $36K |
| Surplus / Deficit | $-7,919 |
| Total Assets | $8K |
| Total Liabilities | $20K |
| Net Assets | $-12,269 |
| Operating Margin | -27.8% |
| Debt-to-Asset Ratio | 249.8% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Butterfield Memorial Foundation reported a deficit of $8K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 249.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.2% | +67.4% | -55.8% |
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 Butterfield Memorial 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 Butterfield Memorial 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 249.8%.
Frequently Asked Questions about Butterfield Memorial Foundation
Is Butterfield Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Butterfield Memorial Foundation (EIN: 873309676) insufficient data. 0 red flags identified, 0 strengths noted.
How does Butterfield Memorial Foundation spend its money?
Detailed spending breakdown data is not yet available for Butterfield Memorial Foundation. Check back for updated IRS 990 analysis.
Are donations to Butterfield Memorial Foundation tax-deductible?
Butterfield Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 873309676). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Butterfield Memorial Foundation located?
Butterfield Memorial Foundation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 873309676. It is classified under NTEE code T12.
How many years of IRS 990 filings does Butterfield Memorial Foundation have?
Butterfield Memorial Foundation has 3 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 $84K in total revenue.
Filing History
IRS 990 filing history for Butterfield Memorial Foundation showing financial trends over 3 years of public records:
Total assets increased by 63.8% over the same period, from $5K to $8K. Total functional expenses rose by 1277.8%, from $3K to $36K. In its most recent filing year (2023), Butterfield Memorial Foundation reported a deficit of $8K, with expenses exceeding revenue. The organization holds $20K in liabilities against $8K in assets (debt-to-asset ratio: 249.8%), resulting in net assets of $-12,269.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $36K | $8K | $20K | — | — |
| 2022 | $20K | $22K | $19K | $23K | — | View 990 |
| 2021 | $0 | $3K | $5K | $8K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $36K, and assets of $8K (revenue +42.2% year-over-year).
- 2022: Revenue of $20K, expenses of $22K, and assets of $19K.
- 2021: Revenue of $0, expenses of $3K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Butterfield Memorial Foundation:
Data Sources and Methodology
This transparency report for Butterfield Memorial 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.