Foundation For The Boone Area Humane Society Inc
Foundation For The Boone Area Humane Society Inc maintains strong assets and no debt with 0% officer compensation.
EIN: 201475837 · Boone, IA · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $190K |
| Total Expenses | $39K |
| Program Spending | 90% |
| Net Assets | $532K |
| Transparency Score | 92/100 |
Is Foundation For The Boone Area Humane Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For The Boone Area Humane Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For The Boone Area Humane Society Inc
Foundation For The Boone Area Humane Society Inc (EIN: 201475837) is a nonprofit organization based in Boone, IA, classified under NTEE code D20. The organization reported total revenue of $190K and total assets of $683K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For The Boone Area Humane Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For The Boone Area Humane Society Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $39K |
| Surplus / Deficit | +$2K |
| Total Assets | $532K |
| Net Assets | $532K |
| Operating Margin | 4.6% |
| Months of Reserves | 163.8 months |
Financial Health Grade: A
In 2023, Foundation For The Boone Area Humane Society Inc reported a surplus of $2K with revenue exceeding expenses, holds 163.8 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Foundation For The Boone Area Humane Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.4% | -39.1% | +0.4% |
| 2022 | -53.2% | +50.8% | -6.0% |
| 2021 | -44.2% | +23.6% | +4.1% |
| 2020 | +203.1% | +15.3% | +17.6% |
| 2019 | +14.2% | -13.2% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2005 |
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 Foundation For The Boone Area Humane Society Inc with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Foundation For The Boone Area Humane Society Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a volunteer-led or very lean operational structure, directing more funds towards the mission.
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 Foundation For The Boone Area Humane Society Inc:
- Consistent 0% officer compensation, indicating efficient use of funds for mission.
- No reported liabilities across all filings, demonstrating strong financial health and no debt.
- Growing asset base, from $443,902 in 201512 to $683,123 currently, indicating financial stability.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
- Expenses generally managed well relative to revenue, supporting long-term sustainability.
Frequently Asked Questions about Foundation For The Boone Area Humane Society Inc
Is Foundation For The Boone Area Humane Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For The Boone Area Humane Society Inc (EIN: 201475837) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Foundation For The Boone Area Humane Society Inc spend its money?
Foundation For The Boone Area Humane Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For The Boone Area Humane Society Inc tax-deductible?
Foundation For The Boone Area Humane Society Inc is registered as a tax-exempt nonprofit (EIN: 201475837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Foundation For The Boone Area Humane Society Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Foundation For The Boone Area Humane Society Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For The Boone Area Humane Society Inc located?
Foundation For The Boone Area Humane Society Inc is headquartered in Boone, Iowa and files with the IRS under EIN 201475837. It is classified under NTEE code D20.
How many years of IRS 990 filings does Foundation For The Boone Area Humane Society Inc have?
Foundation For The Boone Area Humane Society Inc has 12 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 $190K in total revenue.
Is Foundation For The Boone Area Humane Society Inc a good charity?
Based on the available IRS 990 data, the Foundation For The Boone Area Humane Society Inc appears to be a very good charity. It demonstrates strong financial health with growing assets ($683,123), no reported liabilities, and a consistent commitment to 0% officer compensation, meaning funds are not used for executive salaries.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses prudently. In most periods, expenses are either below or closely aligned with revenue, such as in 202310 where revenue was $40,817 and expenses were $38,956. There are occasional periods where expenses exceed revenue (e.g., 202210: revenue $30,146, expenses $63,964), but overall, the organization maintains a healthy financial position with growing assets.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend over the years, growing from $443,902 in 201512 to $683,123 currently. This indicates strong financial stewardship and accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Foundation For The Boone Area Humane Society Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Foundation For The Boone Area Humane Society Inc's revenue has declined by 82.9%, moving from $239K to $41K. Total assets increased by 63.8% over the same period, from $325K to $532K. Total functional expenses rose by 956.6%, from $4K to $39K. In its most recent filing year (2023), Foundation For The Boone Area Humane Society Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $39K | $532K | $0 | — | View 990 |
| 2022 | $30K | $64K | $530K | $0 | — | View 990 |
| 2021 | $64K | $42K | $564K | $0 | — | View 990 |
| 2020 | $115K | $34K | $542K | $0 | — | View 990 |
| 2019 | $38K | $30K | $461K | $0 | — | View 990 |
| 2018 | $33K | $34K | $452K | $0 | — | View 990 |
| 2017 | $38K | $32K | $453K | $0 | — | View 990 |
| 2016 | $12K | $9K | $447K | $0 | — | — |
| 2016 | $12K | $9K | $447K | $0 | — | View 990 |
| 2015 | $32K | $15K | $444K | $0 | — | View 990 |
| 2014 | $118K | $27K | $426K | $0 | — | View 990 |
| 2012 | $239K | $4K | $325K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $39K, and assets of $532K (revenue +35.4% year-over-year).
- 2022: Revenue of $30K, expenses of $64K, and assets of $530K (revenue -53.2% year-over-year).
- 2021: Revenue of $64K, expenses of $42K, and assets of $564K (revenue -44.2% year-over-year).
- 2020: Revenue of $115K, expenses of $34K, and assets of $542K (revenue +203.1% year-over-year).
- 2019: Revenue of $38K, expenses of $30K, and assets of $461K (revenue +14.2% year-over-year).
- 2018: Revenue of $33K, expenses of $34K, and assets of $452K (revenue -13.4% year-over-year).
- 2017: Revenue of $38K, expenses of $32K, and assets of $453K (revenue +216.1% year-over-year).
- 2016: Revenue of $12K, expenses of $9K, and assets of $447K (revenue +0.0% year-over-year).
- 2016: Revenue of $12K, expenses of $9K, and assets of $447K (revenue -62.3% year-over-year).
- 2015: Revenue of $32K, expenses of $15K, and assets of $444K (revenue -72.6% year-over-year).
- 2014: Revenue of $118K, expenses of $27K, and assets of $426K (revenue -50.8% year-over-year).
- 2012: Revenue of $239K, expenses of $4K, and assets of $325K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For The Boone Area Humane Society Inc:
Data Sources and Methodology
This transparency report for Foundation For The Boone Area Humane Society 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.