Fayette County Bar Foundation Inc
Fayette County Bar Foundation Inc. maintains strong assets but faces recent operational deficits.
EIN: 204761072 · Lexington, KY · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $455K |
| Total Expenses | $65K |
| Program Spending | 80% |
| Net Assets | $977K |
| Transparency Score | 85/100 |
Is Fayette County Bar Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fayette County Bar Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fayette County Bar Foundation Inc
Fayette County Bar Foundation Inc (EIN: 204761072) is a nonprofit organization based in Lexington, KY, classified under NTEE code T30. The organization reported total revenue of $455K and total assets of $999K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fayette County Bar Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fayette County Bar Foundation Inc is a small nonprofit that has been operating for 20 years, with 14 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 | $39K |
| Total Expenses | $65K |
| Surplus / Deficit | $-25,592 |
| Total Assets | $977K |
| Net Assets | $977K |
| Operating Margin | -65.2% |
| Months of Reserves | 180.9 months |
Financial Health Grade: B
In 2023, Fayette County Bar Foundation Inc reported a deficit of $26K with expenses exceeding revenue, holds 180.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), Fayette County Bar Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | +7.1% | -2.6% |
| 2022 | -46.8% | +19.4% | -1.5% |
| 2021 | +7.0% | +0.8% | +3.5% |
| 2021 | +94.3% | +2.3% | +3.0% |
| 2020 | -18.1% | -9.9% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Fayette County Bar Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fayette County Bar Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $26K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its 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 Fayette County Bar Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2020, 2019, 2017, 2016) where expenses exceed revenue.
Strengths
The following positive indicators were identified for Fayette County Bar Foundation Inc:
- Strong and stable asset base, consistently near $1 million ($977,433 in 2023).
- Zero reported officer compensation across all filings, indicating efficient use of funds.
- Excellent transparency with 14 IRS 990 filings available.
- No reported liabilities across all available filings, indicating strong financial management.
Frequently Asked Questions about Fayette County Bar Foundation Inc
Is Fayette County Bar Foundation Inc a legitimate charity?
Fayette County Bar Foundation Inc (EIN: 204761072) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $455K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Fayette County Bar Foundation Inc spend its money?
Fayette County Bar Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fayette County Bar Foundation Inc tax-deductible?
Fayette County Bar Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204761072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fayette County Bar Foundation Inc's spending goes to programs?
Fayette County Bar Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fayette County Bar Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fayette County Bar Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fayette County Bar Foundation Inc located?
Fayette County Bar Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 204761072. It is classified under NTEE code T30.
How many years of IRS 990 filings does Fayette County Bar Foundation Inc have?
Fayette County Bar Foundation Inc has 14 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 $455K in total revenue.
Is Fayette County Bar Foundation Inc. a good charity?
Based on its consistent asset base, zero officer compensation, and clear filing history, it appears to be a well-managed organization. However, recent operational deficits where expenses exceed revenue (e.g., $64,843 expenses vs. $39,251 revenue in 2023) suggest a need to monitor its financial sustainability.
How does the organization fund its operations given recent deficits?
With expenses exceeding revenue in recent years (e.g., 2023 and 2022), the organization is likely utilizing its substantial asset base, which was $977,433 in 2023, to cover operational costs. This is sustainable in the short term but requires attention for long-term financial health.
Filing History
IRS 990 filing history for Fayette County Bar Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Fayette County Bar Foundation Inc's revenue has declined by 57.9%, moving from $93K to $39K. Total assets increased by 33% over the same period, from $735K to $977K. Total functional expenses rose by 94.3%, from $33K to $65K. In its most recent filing year (2023), Fayette County Bar Foundation Inc reported a deficit of $26K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $65K | $977K | $0 | — | — |
| 2022 | $45K | $61K | $1.0M | $0 | — | View 990 |
| 2021 | $85K | $51K | $1.0M | $0 | — | — |
| 2021 | $79K | $50K | $984K | $0 | — | — |
| 2020 | $41K | $49K | $955K | $0 | — | View 990 |
| 2019 | $50K | $55K | $964K | $0 | — | View 990 |
| 2018 | $100K | $44K | $969K | $0 | — | View 990 |
| 2017 | $38K | $43K | $914K | $0 | — | View 990 |
| 2016 | $28K | $38K | $918K | $0 | — | View 990 |
| 2015 | $191K | $46K | $928K | $0 | — | View 990 |
| 2014 | $54K | $41K | $783K | $0 | — | View 990 |
| 2013 | $42K | $27K | $770K | $0 | — | View 990 |
| 2012 | $29K | $27K | $737K | $0 | — | View 990 |
| 2011 | $93K | $33K | $735K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $65K, and assets of $977K (revenue -13.0% year-over-year).
- 2022: Revenue of $45K, expenses of $61K, and assets of $1.0M (revenue -46.8% year-over-year).
- 2021: Revenue of $85K, expenses of $51K, and assets of $1.0M (revenue +7.0% year-over-year).
- 2021: Revenue of $79K, expenses of $50K, and assets of $984K (revenue +94.3% year-over-year).
- 2020: Revenue of $41K, expenses of $49K, and assets of $955K (revenue -18.1% year-over-year).
- 2019: Revenue of $50K, expenses of $55K, and assets of $964K (revenue -50.0% year-over-year).
- 2018: Revenue of $100K, expenses of $44K, and assets of $969K (revenue +162.2% year-over-year).
- 2017: Revenue of $38K, expenses of $43K, and assets of $914K (revenue +35.7% year-over-year).
- 2016: Revenue of $28K, expenses of $38K, and assets of $918K (revenue -85.3% year-over-year).
- 2015: Revenue of $191K, expenses of $46K, and assets of $928K (revenue +251.8% year-over-year).
- 2014: Revenue of $54K, expenses of $41K, and assets of $783K (revenue +30.3% year-over-year).
- 2013: Revenue of $42K, expenses of $27K, and assets of $770K (revenue +43.8% year-over-year).
- 2012: Revenue of $29K, expenses of $27K, and assets of $737K (revenue -68.9% year-over-year).
- 2011: Revenue of $93K, expenses of $33K, and assets of $735K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fayette County Bar Foundation Inc:
Data Sources and Methodology
This transparency report for Fayette County Bar Foundation 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.