Institute In Basic Life Principles
EIN: 366108515 · Big Sandy, TX · NTEE: X200
| Metric | Value |
|---|---|
| Total Revenue | $14.0M |
| Total Expenses | $5.7M |
| Net Assets | $48.3M |
Is Institute In Basic Life Principles Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Institute In Basic Life Principles
Institute In Basic Life Principles (EIN: 366108515) is a nonprofit organization based in Big Sandy, TX, classified under NTEE code X200. The organization reported total revenue of $14.0M and total assets of $54.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute In Basic Life Principles's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute In Basic Life Principles is a large nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-1,906,849 |
| Total Assets | $49.7M |
| Total Liabilities | $1.4M |
| Net Assets | $48.3M |
| Operating Margin | -49.9% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 104.2 months |
Financial Health Grade: B
In 2023, Institute In Basic Life Principles reported a deficit of $1.9M with expenses exceeding revenue, holds 104.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute In Basic Life Principles's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.2% | -17.7% | -3.3% |
| 2022 | -11.9% | +15.0% | -5.1% |
| 2021 | +97.0% | +14.1% | -1.4% |
| 2020 | -22.8% | -13.0% | -4.9% |
| 2019 | -60.2% | -5.5% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Institute In Basic Life Principles 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 Institute In Basic Life Principles 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 deficit of $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Institute In Basic Life Principles
Is Institute In Basic Life Principles a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute In Basic Life Principles (EIN: 366108515) insufficient data. 0 red flags identified, 0 strengths noted.
How does Institute In Basic Life Principles spend its money?
Detailed spending breakdown data is not yet available for Institute In Basic Life Principles. Check back for updated IRS 990 analysis.
Are donations to Institute In Basic Life Principles tax-deductible?
Institute In Basic Life Principles is registered as a tax-exempt nonprofit (EIN: 366108515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Institute In Basic Life Principles located?
Institute In Basic Life Principles is headquartered in Big Sandy, Texas and files with the IRS under EIN 366108515. It is classified under NTEE code X200.
How many years of IRS 990 filings does Institute In Basic Life Principles have?
Institute In Basic Life Principles 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 $14.0M in total revenue.
Filing History
IRS 990 filing history for Institute In Basic Life Principles showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute In Basic Life Principles's revenue has declined by 38.7%, moving from $6.2M to $3.8M. Total assets decreased by 42.5% over the same period, from $86.5M to $49.7M. Total functional expenses fell by 44.8%, from $10.4M to $5.7M. In its most recent filing year (2023), Institute In Basic Life Principles reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $49.7M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $48.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $5.7M | $49.7M | $1.4M | — | — |
| 2022 | $4.6M | $7.0M | $51.4M | $678K | — | View 990 |
| 2021 | $5.2M | $6.1M | $54.1M | $799K | — | View 990 |
| 2020 | $2.6M | $5.3M | $54.9M | $716K | — | — |
| 2019 | $3.4M | $6.1M | $57.8M | $865K | — | View 990 |
| 2018 | $8.5M | $6.4M | $60.9M | $1.3M | — | View 990 |
| 2017 | $2.7M | $6.3M | $60.5M | $2.3M | — | View 990 |
| 2016 | $3.8M | $10.5M | $63.8M | $882K | — | View 990 |
| 2015 | $7.4M | $8.7M | $70.2M | $818K | — | View 990 |
| 2014 | $4.0M | $8.6M | $76.9M | $939K | — | View 990 |
| 2013 | $5.4M | $8.9M | $81.8M | $1.0M | — | View 990 |
| 2012 | $5.5M | $9.0M | $82.9M | $1.1M | — | View 990 |
| 2011 | $6.2M | $10.4M | $86.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $5.7M, and assets of $49.7M (revenue -16.2% year-over-year).
- 2022: Revenue of $4.6M, expenses of $7.0M, and assets of $51.4M (revenue -11.9% year-over-year).
- 2021: Revenue of $5.2M, expenses of $6.1M, and assets of $54.1M (revenue +97.0% year-over-year).
- 2020: Revenue of $2.6M, expenses of $5.3M, and assets of $54.9M (revenue -22.8% year-over-year).
- 2019: Revenue of $3.4M, expenses of $6.1M, and assets of $57.8M (revenue -60.2% year-over-year).
- 2018: Revenue of $8.5M, expenses of $6.4M, and assets of $60.9M (revenue +216.3% year-over-year).
- 2017: Revenue of $2.7M, expenses of $6.3M, and assets of $60.5M (revenue -29.3% year-over-year).
- 2016: Revenue of $3.8M, expenses of $10.5M, and assets of $63.8M (revenue -48.6% year-over-year).
- 2015: Revenue of $7.4M, expenses of $8.7M, and assets of $70.2M (revenue +87.8% year-over-year).
- 2014: Revenue of $4.0M, expenses of $8.6M, and assets of $76.9M (revenue -26.4% year-over-year).
- 2013: Revenue of $5.4M, expenses of $8.9M, and assets of $81.8M (revenue -2.1% year-over-year).
- 2012: Revenue of $5.5M, expenses of $9.0M, and assets of $82.9M (revenue -11.8% year-over-year).
- 2011: Revenue of $6.2M, expenses of $10.4M, and assets of $86.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute In Basic Life Principles:
Data Sources and Methodology
This transparency report for Institute In Basic Life Principles 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.