Friends Of Bonobos
Friends Of Bonobos maintains stable finances with zero officer compensation, despite a recent deficit.
EIN: 200347301 · Durham, NC · NTEE: D30 · Updated: 2026-03-28
Is Friends Of Bonobos Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Bonobos directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Bonobos
Friends Of Bonobos (EIN: 200347301) is a nonprofit organization based in Durham, NC, classified under NTEE code D30. The organization reported total revenue of $1.5M and total assets of $449K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Bonobos's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Bonobos is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-204,982 |
| Total Assets | $193K |
| Total Liabilities | $39K |
| Net Assets | $153K |
| Operating Margin | -18.2% |
| Debt-to-Asset Ratio | 20.4% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2022, Friends Of Bonobos reported a deficit of $205K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 20.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Friends Of Bonobos's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -12.9% | +5.7% | -49.6% |
| 2021 | +23.7% | +37.4% | +15.0% |
| 2020 | +7.3% | +2.1% | +54.9% |
| 2019 | +92.4% | +78.8% | +69.8% |
| 2018 | -13.2% | -28.8% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Friends Of Bonobos 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: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Bonobos allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $205K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with over $1 million in annual revenue and suggests a strong volunteer-driven leadership model.
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 Friends Of Bonobos's IRS 990 filings:
- Expenses exceeded revenue in the 2022 period ($1,328,425 vs. $1,123,443), indicating a temporary operating deficit.
Strengths
The following positive indicators were identified for Friends Of Bonobos:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Significant revenue growth over the past decade, demonstrating increasing donor support.
- Growing asset base, from $126,598 in 2013 to $449,271 currently, enhancing long-term stability.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Strong transparency in financial reporting.
Frequently Asked Questions about Friends Of Bonobos
Is Friends Of Bonobos a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Bonobos (EIN: 200347301) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Friends Of Bonobos spend its money?
Friends Of Bonobos directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Bonobos tax-deductible?
Friends Of Bonobos is registered as a tax-exempt nonprofit (EIN: 200347301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Bonobos a good charity?
Based on the available data, Friends Of Bonobos appears to be a good charity. It demonstrates strong financial transparency with 0% officer compensation, consistent revenue generation, and a growing asset base. While there was a deficit in 2022, the overall trend shows responsible financial management and a clear dedication to its mission.
How has Friends Of Bonobos' revenue trended over time?
Friends Of Bonobos has shown significant revenue growth over the past decade, increasing from $279,754 in 2013 to $1,123,443 in 2022, and currently reporting $1,549,566. This indicates strong donor support and successful fundraising efforts.
What is the organization's financial stability?
The organization generally exhibits good financial stability, with assets growing from $126,598 in 2013 to $449,271 currently. While expenses exceeded revenue in 2022, the organization has historically managed its finances well, often operating with surpluses or near break-even, and maintains low liabilities.
Filing History
IRS 990 filing history for Friends Of Bonobos showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Friends Of Bonobos's revenue has grown by 336.3%, moving from $258K to $1.1M. Total assets increased by 79.6% over the same period, from $107K to $193K. Total functional expenses rose by 390.7%, from $271K to $1.3M. In its most recent filing year (2022), Friends Of Bonobos reported a deficit of $205K, with expenses exceeding revenue. The organization holds $39K in liabilities against $193K in assets (debt-to-asset ratio: 20.4%), resulting in net assets of $153K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.1M | $1.3M | $193K | $39K | — | View 990 |
| 2021 | $1.3M | $1.3M | $382K | $24K | — | View 990 |
| 2020 | $1.0M | $915K | $332K | $8K | — | View 990 |
| 2019 | $973K | $896K | $215K | $19K | — | View 990 |
| 2018 | $505K | $501K | $126K | $0 | — | View 990 |
| 2017 | $582K | $704K | $122K | $0 | — | View 990 |
| 2016 | $600K | $471K | $243K | $0 | — | View 990 |
| 2015 | $430K | $451K | $114K | $0 | — | View 990 |
| 2014 | $434K | $426K | $135K | $0 | — | View 990 |
| 2013 | $280K | $347K | $127K | $0 | — | View 990 |
| 2012 | $371K | $284K | $194K | $0 | — | View 990 |
| 2011 | $258K | $271K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $193K (revenue -12.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $382K (revenue +23.7% year-over-year).
- 2020: Revenue of $1.0M, expenses of $915K, and assets of $332K (revenue +7.3% year-over-year).
- 2019: Revenue of $973K, expenses of $896K, and assets of $215K (revenue +92.4% year-over-year).
- 2018: Revenue of $505K, expenses of $501K, and assets of $126K (revenue -13.2% year-over-year).
- 2017: Revenue of $582K, expenses of $704K, and assets of $122K (revenue -3.0% year-over-year).
- 2016: Revenue of $600K, expenses of $471K, and assets of $243K (revenue +39.4% year-over-year).
- 2015: Revenue of $430K, expenses of $451K, and assets of $114K (revenue -0.8% year-over-year).
- 2014: Revenue of $434K, expenses of $426K, and assets of $135K (revenue +55.1% year-over-year).
- 2013: Revenue of $280K, expenses of $347K, and assets of $127K (revenue -24.7% year-over-year).
- 2012: Revenue of $371K, expenses of $284K, and assets of $194K (revenue +44.2% year-over-year).
- 2011: Revenue of $258K, expenses of $271K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Bonobos:
Data Sources and Methodology
This transparency report for Friends Of Bonobos 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.