Edward S Babcock Scholar Pr Fund
Edward S Babcock Scholar Pr Fund consistently spends more than it earns, gradually depleting its small asset base.
EIN: 156014950 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $58 |
| Total Expenses | $40 |
| Program Spending | 90% |
| Net Assets | $578 |
| Transparency Score | 65/100 |
Is Edward S Babcock Scholar Pr Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward S Babcock Scholar Pr Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward S Babcock Scholar Pr Fund
Edward S Babcock Scholar Pr Fund (EIN: 156014950) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $58 and total assets of $579 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward S Babcock Scholar Pr Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward S Babcock Scholar Pr Fund is a micro nonprofit that has been operating for 37 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $17 |
| Total Expenses | $40 |
| Surplus / Deficit | $-23 |
| Total Assets | $579 |
| Total Liabilities | $1 |
| Net Assets | $578 |
| Operating Margin | -135.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 173.7 months |
Financial Health Grade: B
In 2019, Edward S Babcock Scholar Pr Fund reported a deficit of $23 with expenses exceeding revenue, holds 173.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Edward S Babcock Scholar Pr Fund's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +0.0% | -7.0% | -15.4% |
| 2015 | -32.0% | +2.4% | -3.8% |
| 2014 | +177.8% | -2.3% | -2.5% |
| 2013 | -73.5% | +7.5% | -4.7% |
| 2012 | +13.3% | -24.5% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Edward S Babcock Scholar Pr Fund 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Edward S Babcock Scholar Pr Fund 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly efficient for a nonprofit of this size.
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 Edward S Babcock Scholar Pr Fund's IRS 990 filings:
- Consistent operating deficits (expenses exceed revenue in all reported periods)
- Declining asset base over time (from $770 in 2011 to $579 in 2019)
- Very low revenue generation ($58 latest revenue)
Strengths
The following positive indicators were identified for Edward S Babcock Scholar Pr Fund:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Clear and consistent mission focus on scholarship provision.
- Low liabilities (e.g., $1 in 2019).
Frequently Asked Questions about Edward S Babcock Scholar Pr Fund
Is Edward S Babcock Scholar Pr Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward S Babcock Scholar Pr Fund (EIN: 156014950) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Edward S Babcock Scholar Pr Fund spend its money?
Edward S Babcock Scholar Pr Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edward S Babcock Scholar Pr Fund tax-deductible?
Edward S Babcock Scholar Pr Fund is registered as a tax-exempt nonprofit (EIN: 156014950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edward S Babcock Scholar Pr Fund located?
Edward S Babcock Scholar Pr Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 156014950.
How many years of IRS 990 filings does Edward S Babcock Scholar Pr Fund have?
Edward S Babcock Scholar Pr Fund has 6 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 $58 in total revenue.
Is Edward S Babcock Scholar Pr Fund a good charity?
Given its consistent reporting of 0% officer compensation and its clear mission to provide scholarships, it appears to be a charity focused on its program. However, its financial sustainability is a concern due to consistent operating deficits.
How does the organization fund its operations?
The organization primarily funds its operations through its existing assets and small revenue streams, as expenses consistently exceed revenue (e.g., $40 expenses vs. $17 revenue in 2019), leading to a gradual decline in assets from $770 in 2011 to $579 in 2019.
What is the long-term financial outlook for this organization?
The long-term financial outlook is challenging. With expenses consistently higher than revenue and a declining asset base, the organization's ability to sustain its operations and mission without new significant funding sources is questionable.
Filing History
IRS 990 filing history for Edward S Babcock Scholar Pr Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Edward S Babcock Scholar Pr Fund's revenue has declined by 43.3%, moving from $30 to $17. Total assets decreased by 24.8% over the same period, from $770 to $579. Total functional expenses fell by 24.5%, from $53 to $40. In its most recent filing year (2019), Edward S Babcock Scholar Pr Fund reported a deficit of $23, with expenses exceeding revenue. The organization holds $1 in liabilities against $579 in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $578.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $17 | $40 | $579 | $1 | — | View 990 |
| 2015 | $17 | $43 | $684 | $1 | — | View 990 |
| 2014 | $25 | $42 | $711 | $1 | — | View 990 |
| 2013 | $9 | $43 | $729 | $0 | — | View 990 |
| 2012 | $34 | $40 | $765 | $0 | — | View 990 |
| 2011 | $30 | $53 | $770 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $17, expenses of $40, and assets of $579 (revenue +0.0% year-over-year).
- 2015: Revenue of $17, expenses of $43, and assets of $684 (revenue -32.0% year-over-year).
- 2014: Revenue of $25, expenses of $42, and assets of $711 (revenue +177.8% year-over-year).
- 2013: Revenue of $9, expenses of $43, and assets of $729 (revenue -73.5% year-over-year).
- 2012: Revenue of $34, expenses of $40, and assets of $765 (revenue +13.3% year-over-year).
- 2011: Revenue of $30, expenses of $53, and assets of $770.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward S Babcock Scholar Pr Fund:
Data Sources and Methodology
This transparency report for Edward S Babcock Scholar Pr Fund 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.