Mary And Boswell Redman Charitable Foundation
Mary And Boswell Redman Charitable Foundation consistently spends more than it earns, drawing down assets.
EIN: 207048424 · Columbia, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $10K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $133,164. |
| Net Assets | $133K |
| Transparency Score | 65/100 |
Is Mary And Boswell Redman Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary And Boswell Redman Charitable Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mary And Boswell Redman Charitable Foundation
Mary And Boswell Redman Charitable Foundation (EIN: 207048424) is a nonprofit organization based in Columbia, SC, classified under NTEE code T22. The organization reported total revenue of $11K and total assets of $133K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary And Boswell Redman Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary And Boswell Redman Charitable Foundation is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $10K |
| Surplus / Deficit | $-4,705 |
| Total Assets | $133K |
| Total Liabilities | $1 |
| Net Assets | $133K |
| Operating Margin | -94.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 164.9 months |
Financial Health Grade: B
In 2023, Mary And Boswell Redman Charitable Foundation reported a deficit of $5K with expenses exceeding revenue, holds 164.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Mary And Boswell Redman Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.5% | -6.5% | -3.4% |
| 2022 | -25.1% | +9.8% | -3.2% |
| 2021 | +149.3% | -0.6% | -1.2% |
| 2020 | -92.6% | -20.3% | -13.5% |
| 2015 | +351.6% | +2.3% | +22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Mary And Boswell Redman Charitable Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mary And Boswell Redman Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that officers are likely unpaid, which is highly favorable for a small foundation of this size with assets around $133,164.
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 Mary And Boswell Redman Charitable Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years, leading to asset depletion (e.g., $9,690 expenses vs. $4,985 revenue in 2023).
- Lack of detailed expense breakdown in the provided data, making it difficult to assess program efficiency.
- Gradual but steady decline in total assets from $148,233 in 2011 to $133,164 in 2023.
Strengths
The following positive indicators were identified for Mary And Boswell Redman Charitable Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
- Minimal liabilities reported ($1 across multiple years), suggesting sound financial management of debt.
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
Frequently Asked Questions about Mary And Boswell Redman Charitable Foundation
Is Mary And Boswell Redman Charitable Foundation a legitimate charity?
Mary And Boswell Redman Charitable Foundation (EIN: 207048424) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $11K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mary And Boswell Redman Charitable Foundation spend its money?
Mary And Boswell Redman Charitable Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Mary And Boswell Redman Charitable Foundation tax-deductible?
Mary And Boswell Redman Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 207048424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mary And Boswell Redman Charitable Foundation CEO make?
Mary And Boswell Redman Charitable Foundation's highest-compensated officer earns $133,164. annually. The organization reported $11K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mary And Boswell Redman Charitable Foundation's spending goes to programs?
Mary And Boswell Redman Charitable Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mary And Boswell Redman Charitable Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mary And Boswell Redman Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mary And Boswell Redman Charitable Foundation located?
Mary And Boswell Redman Charitable Foundation is headquartered in Columbia, South Carolina and files with the IRS under EIN 207048424. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mary And Boswell Redman Charitable Foundation have?
Mary And Boswell Redman Charitable Foundation 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 $11K in total revenue.
Is the Mary And Boswell Redman Charitable Foundation financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable. For several years, expenses have consistently exceeded revenue (e.g., $9,690 expenses vs. $4,985 revenue in 2023), leading to a decline in assets from $148,233 in 2011 to $133,164 in 2023. This trend suggests the foundation is drawing down its principal.
What are the primary expenses of the foundation?
The provided IRS 990 data shows total expenses (e.g., $9,690 in 2023), but does not offer a detailed breakdown into program, administrative, or fundraising costs. Without this detail, it's difficult to ascertain the primary expense categories.
How does the foundation fund its operations?
The foundation primarily funds its operations through a combination of modest revenue (e.g., $4,985 in 2023) and by drawing down its existing assets, as evidenced by the consistent decline in assets over time while expenses exceed revenue.
Filing History
IRS 990 filing history for Mary And Boswell Redman Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Mary And Boswell Redman Charitable Foundation's revenue has declined by 13.6%, moving from $6K to $5K. Total assets decreased by 10.2% over the same period, from $148K to $133K. Total functional expenses fell by 11.3%, from $11K to $10K. In its most recent filing year (2023), Mary And Boswell Redman Charitable Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $133K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $133K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $10K | $133K | $1 | — | — |
| 2022 | $6K | $10K | $138K | $1 | — | — |
| 2021 | $8K | $9K | $142K | $1 | — | — |
| 2020 | $3K | $9K | $144K | $1 | — | — |
| 2015 | $42K | $12K | $167K | $0 | — | View 990 |
| 2014 | $9K | $12K | $137K | $0 | — | View 990 |
| 2013 | $9K | $10K | $139K | $0 | — | View 990 |
| 2012 | $2K | $10K | $140K | $0 | — | View 990 |
| 2011 | $6K | $11K | $148K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $10K, and assets of $133K (revenue -14.5% year-over-year).
- 2022: Revenue of $6K, expenses of $10K, and assets of $138K (revenue -25.1% year-over-year).
- 2021: Revenue of $8K, expenses of $9K, and assets of $142K (revenue +149.3% year-over-year).
- 2020: Revenue of $3K, expenses of $9K, and assets of $144K (revenue -92.6% year-over-year).
- 2015: Revenue of $42K, expenses of $12K, and assets of $167K (revenue +351.6% year-over-year).
- 2014: Revenue of $9K, expenses of $12K, and assets of $137K (revenue +5.2% year-over-year).
- 2013: Revenue of $9K, expenses of $10K, and assets of $139K (revenue +257.5% year-over-year).
- 2012: Revenue of $2K, expenses of $10K, and assets of $140K (revenue -57.2% year-over-year).
- 2011: Revenue of $6K, expenses of $11K, and assets of $148K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary And Boswell Redman Charitable Foundation:
Data Sources and Methodology
This transparency report for Mary And Boswell Redman Charitable 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.