Father Bills & Mainspring Inc
Father Bill's & Mainspring: Steady Growth, Strong Program Focus
EIN: 222538039 · Brockton, MA · NTEE: L41 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $41.4M |
| Total Expenses | $35.6M |
| Program Spending | 86% |
| Net Assets | $30.9M |
| Transparency Score | 85/100 |
Is Father Bills & Mainspring Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Father Bills & Mainspring Inc directs 86% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Father Bills & Mainspring Inc
Father Bills & Mainspring Inc (EIN: 222538039) is a nonprofit organization based in Brockton, MA, classified under NTEE code L41. The organization reported total revenue of $41.4M and total assets of $61.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Father Bills & Mainspring Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Father Bills & Mainspring Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.0M |
| Total Expenses | $35.6M |
| Surplus / Deficit | +$5.4M |
| Total Assets | $49.1M |
| Total Liabilities | $18.2M |
| Net Assets | $30.9M |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 37.0% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2023, Father Bills & Mainspring Inc reported a surplus of $5.4M with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 37.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Father Bills & Mainspring Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | +7.6% | +31.8% |
| 2022 | +6.6% | +3.1% | +22.9% |
| 2021 | +57.9% | +28.8% | +55.6% |
| 2020 | +13.3% | +12.4% | +51.0% |
| 2019 | +3.9% | +2.5% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Father Bills & Mainspring 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: 9%
- programs: 86%
- fundraising: 5%
According to IRS 990 filings, Father Bills & Mainspring Inc allocates its expenses as follows: admin: 9%, programs: 86%, fundraising: 5%. With 86% 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 $5.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.0%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and complexity, with no red flags identified in the available filings.
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.
Strengths
The following positive indicators were identified for Father Bills & Mainspring Inc:
- Consistently high program spending, with 86% of expenses dedicated to programs in the most recent filing.
- Healthy revenue growth over the past several years, indicating strong donor support and effective fundraising.
- Positive net assets growth from $12,905,127 in 2019 to $49,125,387 in 2023, demonstrating financial stability and capacity building.
Frequently Asked Questions about Father Bills & Mainspring Inc
Is Father Bills & Mainspring Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Father Bills & Mainspring Inc (EIN: 222538039) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Father Bills & Mainspring Inc spend its money?
Father Bills & Mainspring Inc directs 86% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Father Bills & Mainspring Inc tax-deductible?
Father Bills & Mainspring Inc is registered as a tax-exempt nonprofit (EIN: 222538039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Father Bills & Mainspring Inc's spending goes to programs?
Father Bills & Mainspring Inc directs 86% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Father Bills & Mainspring Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Father Bills & Mainspring Inc is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Father Bills & Mainspring Inc located?
Father Bills & Mainspring Inc is headquartered in Brockton, Massachusetts and files with the IRS under EIN 222538039. It is classified under NTEE code L41.
How many years of IRS 990 filings does Father Bills & Mainspring Inc have?
Father Bills & Mainspring 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 $41.4M in total revenue.
What does Father Bills & Mainspring Inc do?
Father Bills & Mainspring Inc is a nonprofit organization in the Housing & Shelter sector, located in Brockton, Massachusetts. It is classified under NTEE code L41.
How much revenue does Father Bills & Mainspring Inc have?
Father Bills & Mainspring Inc reported total revenue of $41,423,964. Based on 13 IRS 990 filings on record.
What are Father Bills & Mainspring Inc's total assets?
Father Bills & Mainspring Inc holds total assets of $61,091,660 as reported in IRS 990 filings.
Where is Father Bills & Mainspring Inc located?
Father Bills & Mainspring Inc is based in Brockton, Massachusetts.
What is Father Bills & Mainspring Inc's EIN?
Father Bills & Mainspring Inc's Employer Identification Number (EIN) is 222538039. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Father Bills & Mainspring Inc?
Father Bills & Mainspring Inc is classified under NTEE code L41 (Housing & Shelter).
Is Father Bills & Mainspring Inc a registered 501(c)(3)?
Yes, Father Bills & Mainspring Inc is recognized as a tax-exempt organization by the IRS. EIN: 222538039.
Does Father Bills & Mainspring Inc file IRS Form 990?
Yes, Father Bills & Mainspring Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Father Bills & Mainspring Inc's revenue in 2023?
In the 202306 filing period, Father Bills & Mainspring Inc reported total revenue of $41,018,318, total expenses of $35,632,542, and net assets of $49,125,387.
Is Father Bills & Mainspring Inc's revenue growing or declining?
Father Bills & Mainspring Inc's revenue is declining. Revenue went from $43,214,858 (202206) to $41,018,318 (202306), a -5.1% change. Based on 13 filings on record.
What is Father Bills & Mainspring Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Father Bills & Mainspring Inc covers tax period 202306. It shows revenue of $41,018,318, expenses of $35,632,542, total assets of $49,125,387, and liabilities of $18,198,145.
How much does Father Bills & Mainspring Inc spend on programs vs administration?
Based on IRS 990 analysis, Father Bills & Mainspring Inc allocates approximately 86% of expenses to program services, 9% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Father Bills & Mainspring Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Father Bills & Mainspring Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Father Bills & Mainspring Inc's strengths?
Positive indicators for Father Bills & Mainspring Inc include: Consistently high program spending, with 86% of expenses dedicated to programs in the most recent filing.. Healthy revenue growth over the past several years, indicating strong donor support and effective fundraising.. Positive net assets growth from $12,905,127 in 2019 to $49,125,387 in 2023, demonstrating financial stability and capacity building.. These findings are derived from AI analysis of the organization's financial filings.
How does Father Bills & Mainspring Inc compensate executives?
Executive compensation appears reasonable given the organization's size and complexity, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Father Bill's & Mainspring managed to significantly increase its assets while maintaining a high program spending ratio?
The organization has effectively grown its assets from $12,905,127 in 2019 to $49,125,387 in 2023, while consistently allocating a large portion of its expenses to programs. This suggests successful fundraising efforts that not only cover operational costs but also contribute to long-term financial health and capacity expansion.
Filing History
IRS 990 filing history for Father Bills & Mainspring Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Father Bills & Mainspring Inc's revenue has grown by 168.5%, moving from $15.3M to $41.0M. Total assets increased by 633.9% over the same period, from $6.7M to $49.1M. Total functional expenses rose by 138.2%, from $15.0M to $35.6M. In its most recent filing year (2023), Father Bills & Mainspring Inc reported a surplus of $5.4M, with revenue exceeding expenses. The organization holds $18.2M in liabilities against $49.1M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $30.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.0M | $35.6M | $49.1M | $18.2M | — | View 990 |
| 2022 | $43.2M | $33.1M | $37.3M | $11.8M | — | View 990 |
| 2021 | $40.5M | $32.1M | $30.3M | $14.8M | — | View 990 |
| 2020 | $25.7M | $24.9M | $19.5M | $12.5M | — | View 990 |
| 2019 | $22.7M | $22.2M | $12.9M | $6.7M | — | View 990 |
| 2018 | $21.8M | $21.6M | $12.3M | $6.6M | — | View 990 |
| 2017 | $21.3M | $21.0M | $12.3M | $6.7M | — | View 990 |
| 2016 | $20.4M | $19.8M | $11.3M | $6.0M | — | View 990 |
| 2015 | $18.2M | $17.9M | $9.7M | $5.0M | — | View 990 |
| 2014 | $16.8M | $16.6M | $8.2M | $3.8M | — | View 990 |
| 2013 | $15.7M | $15.5M | $6.8M | $2.7M | — | View 990 |
| 2012 | $15.7M | $15.8M | $5.9M | $2.0M | — | View 990 |
| 2011 | $15.3M | $15.0M | $6.7M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.0M, expenses of $35.6M, and assets of $49.1M (revenue -5.1% year-over-year).
- 2022: Revenue of $43.2M, expenses of $33.1M, and assets of $37.3M (revenue +6.6% year-over-year).
- 2021: Revenue of $40.5M, expenses of $32.1M, and assets of $30.3M (revenue +57.9% year-over-year).
- 2020: Revenue of $25.7M, expenses of $24.9M, and assets of $19.5M (revenue +13.3% year-over-year).
- 2019: Revenue of $22.7M, expenses of $22.2M, and assets of $12.9M (revenue +3.9% year-over-year).
- 2018: Revenue of $21.8M, expenses of $21.6M, and assets of $12.3M (revenue +2.3% year-over-year).
- 2017: Revenue of $21.3M, expenses of $21.0M, and assets of $12.3M (revenue +4.7% year-over-year).
- 2016: Revenue of $20.4M, expenses of $19.8M, and assets of $11.3M (revenue +11.7% year-over-year).
- 2015: Revenue of $18.2M, expenses of $17.9M, and assets of $9.7M (revenue +8.3% year-over-year).
- 2014: Revenue of $16.8M, expenses of $16.6M, and assets of $8.2M (revenue +7.1% year-over-year).
- 2013: Revenue of $15.7M, expenses of $15.5M, and assets of $6.8M (revenue +0.4% year-over-year).
- 2012: Revenue of $15.7M, expenses of $15.8M, and assets of $5.9M (revenue +2.5% year-over-year).
- 2011: Revenue of $15.3M, expenses of $15.0M, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Father Bills & Mainspring Inc:
Data Sources and Methodology
This transparency report for Father Bills & Mainspring 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.