Friends Of Burma Inc
Friends Of Burma Inc experienced a significant deficit in 2023, drawing down assets after a period of strong surpluses.
EIN: 205572384 · Fort Wayne, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $565K |
| Total Expenses | $733K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $201K |
| Transparency Score | 85/100 |
Is Friends Of Burma Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Burma Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Burma Inc
Friends Of Burma Inc (EIN: 205572384) is a nonprofit organization based in Fort Wayne, IN. The organization reported total revenue of $565K and total assets of $245K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Burma Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Burma Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $630K |
| Total Expenses | $733K |
| Surplus / Deficit | $-102,856 |
| Total Assets | $201K |
| Net Assets | $201K |
| Operating Margin | -16.3% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2023, Friends Of Burma Inc reported a deficit of $103K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Burma Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.0% | +179.0% | -34.3% |
| 2022 | -13.9% | -53.4% | +301.6% |
| 2021 | -8.2% | -8.5% | +10.3% |
| 2020 | +99.9% | +112.7% | -15.9% |
| 2019 | +13.4% | +8.1% | -15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2007 |
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 Burma 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of Burma Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $103K, with expenses exceeding revenue.
Executive Compensation Analysis
Friends Of Burma Inc consistently reports 0% officer compensation across all 13 available filings, indicating a volunteer-led organization or one with no paid executives, which is highly efficient for an organization of its size with revenues often exceeding $500,000.
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 Burma Inc's IRS 990 filings:
- Significant deficit spending in 2023 ($733,330 expenses vs. $630,474 revenue)
- Decrease in assets by over $100,000 from 2022 to 2023 ($305,761 to $200,850)
Strengths
The following positive indicators were identified for Friends Of Burma Inc:
- Consistently reports 0% officer compensation, indicating a volunteer-driven or highly efficient executive structure.
- Maintains zero liabilities across most filing periods, demonstrating strong financial management and no debt.
- Historically strong revenue generation, often exceeding $500,000 annually.
- Significant asset base built up over time, providing a buffer for operations (e.g., $305,761 in 2022).
Frequently Asked Questions about Friends Of Burma Inc
Is Friends Of Burma Inc a legitimate charity?
Friends Of Burma Inc (EIN: 205572384) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $565K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Friends Of Burma Inc spend its money?
Friends Of Burma Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Burma Inc tax-deductible?
Friends Of Burma Inc is registered as a tax-exempt nonprofit (EIN: 205572384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Burma Inc CEO make?
Friends Of Burma Inc's highest-compensated officer earns $500,000. annually. The organization reported $565K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Burma Inc's spending goes to programs?
Friends Of Burma Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Friends Of Burma Inc located?
Friends Of Burma Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 205572384.
How many years of IRS 990 filings does Friends Of Burma Inc have?
Friends Of Burma 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 $565K in total revenue.
Is Friends Of Burma Inc financially stable?
While Friends Of Burma Inc has historically maintained low liabilities and often operated with surpluses, the 2023 filing shows expenses ($733,330) significantly exceeding revenue ($630,474), leading to a decrease in assets from $305,761 to $200,850. This recent deficit spending suggests a need for careful monitoring of financial stability, despite a strong asset position in the prior year.
How efficient is Friends Of Burma Inc with its spending?
The organization appears highly efficient in terms of executive compensation, reporting 0% officer compensation across all filings. Without detailed functional expense breakdowns, a precise efficiency ratio is difficult, but the consistent low liabilities and the absence of executive pay suggest a strong focus on direct program delivery.
What caused the significant increase in expenses in 2023?
The provided data indicates expenses rose to $733,330 in 2023 from $262,877 in 2022. Without access to the full IRS 990 form, the specific reasons for this substantial increase are not detailed, but it led to a significant draw-down of assets.
Filing History
IRS 990 filing history for Friends Of Burma Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Burma Inc's revenue has grown by 6%, moving from $595K to $630K. Total assets decreased by 19.8% over the same period, from $250K to $201K. Total functional expenses rose by 28.2%, from $572K to $733K. In its most recent filing year (2023), Friends Of Burma Inc reported a deficit of $103K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $630K | $733K | $201K | $0 | — | — |
| 2022 | $493K | $263K | $306K | $0 | — | View 990 |
| 2021 | $572K | $564K | $76K | $0 | — | — |
| 2020 | $623K | $616K | $69K | $0 | — | View 990 |
| 2019 | $312K | $290K | $82K | $0 | — | View 990 |
| 2018 | $275K | $268K | $98K | $0 | — | View 990 |
| 2017 | $263K | $221K | $84K | $0 | — | View 990 |
| 2016 | $254K | $279K | $37K | $0 | — | View 990 |
| 2015 | $359K | $408K | $62K | $0 | — | View 990 |
| 2014 | $475K | $35K | $140K | $57K | — | View 990 |
| 2013 | $403K | $358K | $127K | $57K | — | View 990 |
| 2012 | $404K | $451K | $159K | $61K | — | View 990 |
| 2011 | $595K | $572K | $250K | $105K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $630K, expenses of $733K, and assets of $201K (revenue +28.0% year-over-year).
- 2022: Revenue of $493K, expenses of $263K, and assets of $306K (revenue -13.9% year-over-year).
- 2021: Revenue of $572K, expenses of $564K, and assets of $76K (revenue -8.2% year-over-year).
- 2020: Revenue of $623K, expenses of $616K, and assets of $69K (revenue +99.9% year-over-year).
- 2019: Revenue of $312K, expenses of $290K, and assets of $82K (revenue +13.4% year-over-year).
- 2018: Revenue of $275K, expenses of $268K, and assets of $98K (revenue +4.6% year-over-year).
- 2017: Revenue of $263K, expenses of $221K, and assets of $84K (revenue +3.6% year-over-year).
- 2016: Revenue of $254K, expenses of $279K, and assets of $37K (revenue -29.4% year-over-year).
- 2015: Revenue of $359K, expenses of $408K, and assets of $62K (revenue -24.5% year-over-year).
- 2014: Revenue of $475K, expenses of $35K, and assets of $140K (revenue +17.9% year-over-year).
- 2013: Revenue of $403K, expenses of $358K, and assets of $127K (revenue -0.1% year-over-year).
- 2012: Revenue of $404K, expenses of $451K, and assets of $159K (revenue -32.1% year-over-year).
- 2011: Revenue of $595K, expenses of $572K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Burma Inc:
Data Sources and Methodology
This transparency report for Friends Of Burma 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.