Fashion Accessories Benefit Ball Inc
Fashion Accessories Benefit Ball Inc. faces declining revenue and operational deficits in recent years.
EIN: 133592313 · Wilton, CT · NTEE: A120 · Updated: 2026-03-28
Is Fashion Accessories Benefit Ball Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fashion Accessories Benefit Ball Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fashion Accessories Benefit Ball Inc
Fashion Accessories Benefit Ball Inc (EIN: 133592313) is a nonprofit organization based in Wilton, CT, classified under NTEE code A120. The organization reported total revenue of $460K and total assets of $417K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fashion Accessories Benefit Ball Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fashion Accessories Benefit Ball Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $105K |
| Surplus / Deficit | $-47,546 |
| Total Assets | $332K |
| Net Assets | $332K |
| Operating Margin | -82.7% |
| Months of Reserves | 37.9 months |
Financial Health Grade: B
In 2023, Fashion Accessories Benefit Ball Inc reported a deficit of $48K with expenses exceeding revenue, holds 37.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Fashion Accessories Benefit Ball Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.2% | +142.0% | +0.7% |
| 2022 | +32.5% | -59.6% | -30.0% |
| 2020 | -106.0% | -66.2% | +5.0% |
| 2019 | -30.6% | -10.4% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Fashion Accessories Benefit Ball Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fashion Accessories Benefit Ball Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is a strong positive for resource allocation and 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 Fashion Accessories Benefit Ball Inc's IRS 990 filings:
- Significant and consistent operational deficits in recent years (e.g., $47,546 in 2023, $43,476 in 2021).
- Steep decline in annual revenue from $420,699 in 2014 to $57,479 in 2023, indicating potential sustainability issues.
- Overall decrease in assets from a high of $524,999 in 2017 to $331,796 in 2023, suggesting reliance on reserves.
- Negative revenue reported in 2020 ($-7,894), which is highly unusual and warrants further investigation.
Strengths
The following positive indicators were identified for Fashion Accessories Benefit Ball Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Generally low liabilities reported across many years, suggesting good debt management.
- Long filing history (13 filings) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Fashion Accessories Benefit Ball Inc
Is Fashion Accessories Benefit Ball Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fashion Accessories Benefit Ball Inc (EIN: 133592313) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Fashion Accessories Benefit Ball Inc spend its money?
Fashion Accessories Benefit Ball Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fashion Accessories Benefit Ball Inc tax-deductible?
Fashion Accessories Benefit Ball Inc is registered as a tax-exempt nonprofit (EIN: 133592313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the primary drivers behind the significant decline in revenue from $420,699 in 2014 to $57,479 in 2023?
The provided data does not specify the reasons for the revenue decline, but it is a critical area for the organization to address for financial sustainability.
How does the organization cover its operational deficits, such as the $47,546 deficit in 2023 (Expenses $105,025 - Revenue $57,479)?
The decline in assets from $470,720 in 2021 to $331,796 in 2023 suggests that the organization may be drawing down on its reserves to cover these deficits.
What specific programs does Fashion Accessories Benefit Ball Inc. fund, and how are these programs impacted by the current financial trends?
The NTEE code A120 indicates the organization is involved in 'Single Organization Support', but the filings do not detail specific programs or their impact.
What strategies are being implemented to reverse the trend of increasing expenses relative to revenue?
The provided data does not offer insights into specific strategies, but this would be crucial for improving financial health.
Given the consistent 0% officer compensation, how are the organization's leadership and operational roles managed?
This suggests a reliance on volunteer leadership or external contractors, but the specific operational model is not detailed in the filings.
Filing History
IRS 990 filing history for Fashion Accessories Benefit Ball Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fashion Accessories Benefit Ball Inc's revenue has declined by 75.2%, moving from $232K to $57K. Total assets decreased by 13% over the same period, from $381K to $332K. Total functional expenses fell by 52.3%, from $220K to $105K. In its most recent filing year (2023), Fashion Accessories Benefit Ball Inc reported a deficit of $48K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $105K | $332K | $0 | — | — |
| 2022 | $85K | $43K | $329K | $0 | — | View 990 |
| 2021 | $64K | $107K | $471K | $15K | — | View 990 |
| 2020 | $-7,894 | $58K | $495K | $15K | — | View 990 |
| 2019 | $132K | $172K | $472K | $1K | — | View 990 |
| 2018 | $190K | $192K | $468K | $2K | — | View 990 |
| 2017 | $247K | $212K | $525K | $3K | — | — |
| 2016 | $322K | $269K | $439K | $0 | — | View 990 |
| 2015 | $360K | $330K | $399K | $13K | — | View 990 |
| 2014 | $421K | $519K | $387K | $1K | — | View 990 |
| 2013 | $376K | $350K | $558K | $11K | — | View 990 |
| 2012 | $383K | $341K | $442K | $3K | — | View 990 |
| 2011 | $232K | $220K | $381K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $105K, and assets of $332K (revenue -32.2% year-over-year).
- 2022: Revenue of $85K, expenses of $43K, and assets of $329K (revenue +32.5% year-over-year).
- 2021: Revenue of $64K, expenses of $107K, and assets of $471K.
- 2020: Revenue of $-7,894, expenses of $58K, and assets of $495K (revenue -106.0% year-over-year).
- 2019: Revenue of $132K, expenses of $172K, and assets of $472K (revenue -30.6% year-over-year).
- 2018: Revenue of $190K, expenses of $192K, and assets of $468K (revenue -22.9% year-over-year).
- 2017: Revenue of $247K, expenses of $212K, and assets of $525K (revenue -23.1% year-over-year).
- 2016: Revenue of $322K, expenses of $269K, and assets of $439K (revenue -10.6% year-over-year).
- 2015: Revenue of $360K, expenses of $330K, and assets of $399K (revenue -14.5% year-over-year).
- 2014: Revenue of $421K, expenses of $519K, and assets of $387K (revenue +11.9% year-over-year).
- 2013: Revenue of $376K, expenses of $350K, and assets of $558K (revenue -1.7% year-over-year).
- 2012: Revenue of $383K, expenses of $341K, and assets of $442K (revenue +64.8% year-over-year).
- 2011: Revenue of $232K, expenses of $220K, and assets of $381K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fashion Accessories Benefit Ball Inc:
Data Sources and Methodology
This transparency report for Fashion Accessories Benefit Ball 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.