Mercedes T Bass Charitable Corporation
Mercedes T Bass Charitable Corporation reports significant deficit and high liabilities in latest filing.
EIN: 208666619 · Fort Worth, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $7.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-3,367,280 |
| Transparency Score | 65/100 |
Is Mercedes T Bass Charitable Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mercedes T Bass Charitable Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mercedes T Bass Charitable Corporation
Mercedes T Bass Charitable Corporation (EIN: 208666619) is a nonprofit organization based in Fort Worth, TX, classified under NTEE code T20. The organization reported total revenue of $3.2M and total assets of $633K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercedes T Bass Charitable Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mercedes T Bass Charitable Corporation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $7.2M |
| Surplus / Deficit | $-3,983,447 |
| Total Assets | $633K |
| Total Liabilities | $4.0M |
| Net Assets | $-3,367,280 |
| Operating Margin | -122.6% |
| Debt-to-Asset Ratio | 631.9% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2024, Mercedes T Bass Charitable Corporation reported a deficit of $4.0M with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 631.9% (high leverage).
Financial Trends
Over 10 years of filings (2012–2024), Mercedes T Bass Charitable Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +32.0% | +140.4% | +2.7% |
| 2023 | -18.0% | +33.6% | -47.1% |
| 2022 | -8.4% | -21.3% | +180.3% |
| 2021 | -6.5% | -40.2% | +41549900.0% |
| 2020 | +13.3% | +64.3% | -100.0% |
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 Mercedes T Bass Charitable Corporation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mercedes T Bass Charitable Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 631.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is highly efficient for an organization of its size with annual revenues typically exceeding $2 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 Mercedes T Bass Charitable Corporation's IRS 990 filings:
- Significant net deficit in the latest filing ($7,231,294 expenses vs $3,247,847 revenue).
- Liabilities ($4,000,344) far exceed assets ($633,064) in the latest filing, indicating potential solvency issues.
- Inconsistent asset levels over time, with some years reporting assets as low as $1.
Strengths
The following positive indicators were identified for Mercedes T Bass Charitable Corporation:
- Consistently reports 0% officer compensation, indicating highly efficient executive cost management.
- Maintains substantial revenue streams, typically above $2.4 million annually.
- Long filing history (10 filings) suggests ongoing operations and commitment to transparency through IRS reporting.
Frequently Asked Questions about Mercedes T Bass Charitable Corporation
Is Mercedes T Bass Charitable Corporation a legitimate charity?
Mercedes T Bass Charitable Corporation (EIN: 208666619) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.2M. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does Mercedes T Bass Charitable Corporation spend its money?
Mercedes T Bass Charitable Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mercedes T Bass Charitable Corporation tax-deductible?
Mercedes T Bass Charitable Corporation is registered as a tax-exempt nonprofit (EIN: 208666619). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mercedes T Bass Charitable Corporation CEO make?
Mercedes T Bass Charitable Corporation's highest-compensated officer earns $2 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mercedes T Bass Charitable Corporation's spending goes to programs?
Mercedes T Bass Charitable Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mercedes T Bass Charitable Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mercedes T Bass Charitable Corporation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mercedes T Bass Charitable Corporation located?
Mercedes T Bass Charitable Corporation is headquartered in Fort Worth, Texas and files with the IRS under EIN 208666619. It is classified under NTEE code T20.
How many years of IRS 990 filings does Mercedes T Bass Charitable Corporation have?
Mercedes T Bass Charitable Corporation has 10 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 $3.2M in total revenue.
Is Mercedes T Bass Charitable Corporation financially stable?
Based on the latest filing (202406), the organization reported expenses of $7,231,294 against revenue of $3,247,847, resulting in a significant deficit. Furthermore, liabilities of $4,000,344 far exceed assets of $633,064, suggesting a concerning level of financial instability.
How does the organization manage its executive costs?
The organization consistently reports 0% officer compensation across all available filings, indicating highly efficient management of executive costs with no salaries paid to its leadership.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, generally staying above $2.4 million, while expenses have often exceeded revenue, particularly in 202406 ($7.2M expenses vs $3.2M revenue) and 202006 ($4.7M expenses vs $3.5M revenue), leading to periods of significant net losses.
Filing History
IRS 990 filing history for Mercedes T Bass Charitable Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Mercedes T Bass Charitable Corporation's revenue has declined by 17%, moving from $3.9M to $3.2M. Total assets increased by 112.4% over the same period, from $298K to $633K. Total functional expenses rose by 100.1%, from $3.6M to $7.2M. In its most recent filing year (2024), Mercedes T Bass Charitable Corporation reported a deficit of $4.0M, with expenses exceeding revenue. The organization holds $4.0M in liabilities against $633K in assets (debt-to-asset ratio: 631.9%), resulting in net assets of $-3,367,280.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.2M | $7.2M | $633K | $4.0M | — | View 990 |
| 2023 | $2.5M | $3.0M | $616K | $1 | — | View 990 |
| 2022 | $3.0M | $2.3M | $1.2M | $1 | — | View 990 |
| 2021 | $3.3M | $2.9M | $416K | $1 | — | View 990 |
| 2020 | $3.5M | $4.8M | $1 | $1 | — | View 990 |
| 2019 | $3.1M | $2.9M | $1.3M | $1 | — | — |
| 2015 | $4.1M | $3.6M | $485K | $1 | — | View 990 |
| 2014 | $3.9M | $4.1M | $25 | $1 | — | View 990 |
| 2013 | $4.1M | $4.2M | $154K | $1 | — | View 990 |
| 2012 | $3.9M | $3.6M | $298K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.2M, expenses of $7.2M, and assets of $633K (revenue +32.0% year-over-year).
- 2023: Revenue of $2.5M, expenses of $3.0M, and assets of $616K (revenue -18.0% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.3M, and assets of $1.2M (revenue -8.4% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.9M, and assets of $416K (revenue -6.5% year-over-year).
- 2020: Revenue of $3.5M, expenses of $4.8M, and assets of $1 (revenue +13.3% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.9M, and assets of $1.3M (revenue -24.4% year-over-year).
- 2015: Revenue of $4.1M, expenses of $3.6M, and assets of $485K (revenue +3.9% year-over-year).
- 2014: Revenue of $3.9M, expenses of $4.1M, and assets of $25 (revenue -3.8% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.2M, and assets of $154K (revenue +4.5% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.6M, and assets of $298K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mercedes T Bass Charitable Corporation:
Data Sources and Methodology
This transparency report for Mercedes T Bass Charitable Corporation 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.