Fundacao Beneficente Faialense Inc
EIN: 42722163 · E Providence, RI
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $23K |
| Net Assets | $212K |
Is Fundacao Beneficente Faialense Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fundacao Beneficente Faialense Inc
Fundacao Beneficente Faialense Inc (EIN: 42722163) is a nonprofit organization based in E Providence, RI. The organization reported total revenue of $21K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fundacao Beneficente Faialense Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fundacao Beneficente Faialense Inc is a micro nonprofit that has been operating for 42 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $23K |
| Surplus / Deficit | +$2K |
| Total Assets | $218K |
| Total Liabilities | $6K |
| Net Assets | $212K |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 116.0 months |
Financial Health Grade: A
In 2023, Fundacao Beneficente Faialense Inc reported a surplus of $2K with revenue exceeding expenses, holds 116.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Fundacao Beneficente Faialense Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +51.7% | +2.0% |
| 2022 | +181.9% | -8.7% | -11.4% |
| 2021 | -64.1% | -23.2% | +7.2% |
| 2020 | -22.7% | -24.3% | +6.6% |
| 2016 | +1.7% | -0.5% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fundacao Beneficente Faialense Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fundacao Beneficente Faialense Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Frequently Asked Questions about Fundacao Beneficente Faialense Inc
Is Fundacao Beneficente Faialense Inc a legitimate charity?
Fundacao Beneficente Faialense Inc (EIN: 42722163) is a registered tax-exempt nonprofit based in Rhode Island. It has 9 years of IRS 990 filings on record. Total revenue: $21K. No red flags identified. Financial health grade: A.
How does Fundacao Beneficente Faialense Inc spend its money?
Fundacao Beneficente Faialense Inc reported $21K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fundacao Beneficente Faialense Inc tax-deductible?
Fundacao Beneficente Faialense Inc is registered as a tax-exempt nonprofit (EIN: 42722163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fundacao Beneficente Faialense Inc located?
Fundacao Beneficente Faialense Inc is headquartered in E Providence, Rhode Island and files with the IRS under EIN 42722163.
How many years of IRS 990 filings does Fundacao Beneficente Faialense Inc have?
Fundacao Beneficente Faialense Inc has 9 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 $21K in total revenue.
Filing History
IRS 990 filing history for Fundacao Beneficente Faialense Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Fundacao Beneficente Faialense Inc's revenue has declined by 14.8%, moving from $29K to $25K. Total assets increased by 7.3% over the same period, from $203K to $218K. Total functional expenses fell by 27.8%, from $31K to $23K. In its most recent filing year (2023), Fundacao Beneficente Faialense Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $6K in liabilities against $218K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $212K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $23K | $218K | $6K | — | View 990 |
| 2022 | $23K | $15K | $214K | $5K | — | — |
| 2021 | $8K | $16K | $242K | $5K | — | — |
| 2020 | $22K | $21K | $225K | $5K | — | View 990 |
| 2016 | $29K | $28K | $211K | $5K | — | View 990 |
| 2015 | $28K | $28K | $232K | $8K | — | View 990 |
| 2014 | $22K | $27K | $231K | $8K | — | View 990 |
| 2013 | $23K | $32K | $216K | $8K | — | View 990 |
| 2012 | $29K | $31K | $203K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $23K, and assets of $218K (revenue +10.4% year-over-year).
- 2022: Revenue of $23K, expenses of $15K, and assets of $214K (revenue +181.9% year-over-year).
- 2021: Revenue of $8K, expenses of $16K, and assets of $242K (revenue -64.1% year-over-year).
- 2020: Revenue of $22K, expenses of $21K, and assets of $225K (revenue -22.7% year-over-year).
- 2016: Revenue of $29K, expenses of $28K, and assets of $211K (revenue +1.7% year-over-year).
- 2015: Revenue of $28K, expenses of $28K, and assets of $232K (revenue +29.9% year-over-year).
- 2014: Revenue of $22K, expenses of $27K, and assets of $231K (revenue -4.3% year-over-year).
- 2013: Revenue of $23K, expenses of $32K, and assets of $216K (revenue -21.9% year-over-year).
- 2012: Revenue of $29K, expenses of $31K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fundacao Beneficente Faialense Inc:
Data Sources and Methodology
This transparency report for Fundacao Beneficente Faialense 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.