George And Sarah Buchanan Foundation
George And Sarah Buchanan Foundation exhibits robust asset growth and minimal expenses, with no reported officer compensation.
EIN: 204479813 · Greensboro, NC · NTEE: T22 · Updated: 2026-03-28
Is George And Sarah Buchanan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George And Sarah Buchanan Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George And Sarah Buchanan Foundation
George And Sarah Buchanan Foundation (EIN: 204479813) is a nonprofit organization based in Greensboro, NC, classified under NTEE code T22. The organization reported total revenue of $7.3M and total assets of $65.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George And Sarah Buchanan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George And Sarah Buchanan Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 66.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$17.9M |
| Total Assets | $67.9M |
| Total Liabilities | $1 |
| Net Assets | $67.9M |
| Operating Margin | 85.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 268.3 months |
Financial Health Grade: A
In 2024, George And Sarah Buchanan Foundation reported a surplus of $17.9M with revenue exceeding expenses, holds 268.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), George And Sarah Buchanan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 66.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -30.9% | +173.6% | +35.8% |
| 2023 | +100.3% | +363.1% | +140.6% |
| 2022 | +207.2% | +261.8% | +253.4% |
| 2021 | +93881.0% | -43.9% | +477.1% |
| 2020 | -89.2% | -25.4% | -44.9% |
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 George And Sarah Buchanan Foundation with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, George And Sarah Buchanan Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly unusual for an organization of its size with assets exceeding $65 million.
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 George And Sarah Buchanan Foundation's IRS 990 filings:
- Lack of detailed expense breakdown beyond officer compensation makes it difficult to fully assess administrative vs. program spending within the 'Expenses' category.
Strengths
The following positive indicators were identified for George And Sarah Buchanan Foundation:
- Exceptional asset growth, from $2.3M in 2012 to $67.8M in 2024, indicating strong financial management and sustainability.
- Consistently low expenses relative to revenue and assets, demonstrating high operational efficiency.
- 0% officer compensation reported across all filings, indicating a commitment to minimizing overhead and maximizing resources for its mission.
- Minimal liabilities ($1 reported in most recent filings) showcasing strong financial stability and low risk.
- Significant revenue generation in recent years ($20.9M in 2024, $30.3M in 2023) providing substantial resources for philanthropic activities.
Frequently Asked Questions about George And Sarah Buchanan Foundation
Is George And Sarah Buchanan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, George And Sarah Buchanan Foundation (EIN: 204479813) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does George And Sarah Buchanan Foundation spend its money?
George And Sarah Buchanan Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to George And Sarah Buchanan Foundation tax-deductible?
George And Sarah Buchanan Foundation is registered as a tax-exempt nonprofit (EIN: 204479813). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the George And Sarah Buchanan Foundation a good charity?
Based on the provided financial data, the George And Sarah Buchanan Foundation appears to be a very financially sound and efficient organization. Its substantial asset growth, minimal liabilities, and 0% officer compensation suggest a strong capacity to fulfill its philanthropic mission through grantmaking. However, as a grant-making foundation, its 'goodness' also depends on the impact and effectiveness of the grants it distributes, which is not detailed in this financial summary.
How does the foundation manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that compensation for officers is covered by an affiliated entity or through other means not reported on the 990 as direct officer compensation from the foundation itself. This is a significant factor in its low expense ratio.
What is the primary source of the foundation's revenue fluctuations?
The significant fluctuations in revenue, such as $30,311,460 in 2023 and $20,935,033 in 2024, compared to much lower figures in earlier years, are likely due to investment gains, large one-time contributions, or a combination thereof, which is common for foundations that rely on endowment growth and investment income.
Filing History
IRS 990 filing history for George And Sarah Buchanan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), George And Sarah Buchanan Foundation's revenue has grown by 45146.3%, moving from $46K to $20.9M. Total assets increased by 2826.8% over the same period, from $2.3M to $67.9M. Total functional expenses rose by 2439.4%, from $120K to $3.0M. In its most recent filing year (2024), George And Sarah Buchanan Foundation reported a surplus of $17.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $67.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $67.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $20.9M | $3.0M | $67.9M | $1 | — | View 990 |
| 2023 | $30.3M | $1.1M | $50.0M | $1 | — | View 990 |
| 2022 | $15.1M | $240K | $20.8M | $1 | — | View 990 |
| 2021 | $4.9M | $66K | $5.9M | $1 | — | — |
| 2020 | $5K | $118K | $1.0M | $1 | — | View 990 |
| 2016 | $49K | $158K | $1.8M | $1 | — | View 990 |
| 2015 | $20K | $58K | $2.0M | $1 | — | View 990 |
| 2014 | $32K | $92K | $2.0M | $1 | — | View 990 |
| 2013 | $41K | $305K | $2.1M | $0 | — | View 990 |
| 2012 | $46K | $120K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $20.9M, expenses of $3.0M, and assets of $67.9M (revenue -30.9% year-over-year).
- 2023: Revenue of $30.3M, expenses of $1.1M, and assets of $50.0M (revenue +100.3% year-over-year).
- 2022: Revenue of $15.1M, expenses of $240K, and assets of $20.8M (revenue +207.2% year-over-year).
- 2021: Revenue of $4.9M, expenses of $66K, and assets of $5.9M (revenue +93881.0% year-over-year).
- 2020: Revenue of $5K, expenses of $118K, and assets of $1.0M (revenue -89.2% year-over-year).
- 2016: Revenue of $49K, expenses of $158K, and assets of $1.8M (revenue +145.7% year-over-year).
- 2015: Revenue of $20K, expenses of $58K, and assets of $2.0M (revenue -38.1% year-over-year).
- 2014: Revenue of $32K, expenses of $92K, and assets of $2.0M (revenue -22.3% year-over-year).
- 2013: Revenue of $41K, expenses of $305K, and assets of $2.1M (revenue -11.2% year-over-year).
- 2012: Revenue of $46K, expenses of $120K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George And Sarah Buchanan Foundation:
Data Sources and Methodology
This transparency report for George And Sarah Buchanan Foundation 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.