Michael L And Margie A Bennett Foundation
EIN: 273630915 · Sioux City, IA · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $828K |
| Total Expenses | $266K |
| Net Assets | $191K |
Is Michael L And Margie A Bennett Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michael L And Margie A Bennett Foundation
Michael L And Margie A Bennett Foundation (EIN: 273630915) is a nonprofit organization based in Sioux City, IA, classified under NTEE code T20. The organization reported total revenue of $828K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael L And Margie A Bennett Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael L And Margie A Bennett Foundation is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -34.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $266K |
| Surplus / Deficit | $-252,452 |
| Total Assets | $191K |
| Total Liabilities | $1 |
| Net Assets | $191K |
| Operating Margin | -1867.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Michael L And Margie A Bennett Foundation reported a deficit of $252K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Michael L And Margie A Bennett Foundation's revenue has declined at a compound annual growth rate (CAGR) of -34.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.3% | -57.5% | -56.9% |
| 2022 | +84.0% | +65.7% | -20.7% |
| 2021 | -54.5% | +42.9% | -15.2% |
| 2020 | +271.7% | -48.7% | +58.8% |
| 2019 | -61.7% | -11.4% | -70.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michael L And Margie A Bennett Foundation 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 Michael L And Margie A Bennett Foundation 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 $252K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Michael L And Margie A Bennett Foundation
Is Michael L And Margie A Bennett Foundation a legitimate charity?
Michael L And Margie A Bennett Foundation (EIN: 273630915) is a registered tax-exempt nonprofit based in Iowa. It has 11 years of IRS 990 filings on record. Total revenue: $828K. No red flags identified. Financial health grade: B.
How does Michael L And Margie A Bennett Foundation spend its money?
Michael L And Margie A Bennett Foundation reported $828K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Michael L And Margie A Bennett Foundation tax-deductible?
Michael L And Margie A Bennett Foundation is registered as a tax-exempt nonprofit (EIN: 273630915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michael L And Margie A Bennett Foundation located?
Michael L And Margie A Bennett Foundation is headquartered in Sioux City, Iowa and files with the IRS under EIN 273630915. It is classified under NTEE code T20.
How many years of IRS 990 filings does Michael L And Margie A Bennett Foundation have?
Michael L And Margie A Bennett Foundation has 11 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 $828K in total revenue.
Filing History
IRS 990 filing history for Michael L And Margie A Bennett Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Michael L And Margie A Bennett Foundation's revenue has declined by 99.6%, moving from $3.0M to $14K. Total assets decreased by 93.3% over the same period, from $2.9M to $191K. Total functional expenses rose by 77.3%, from $150K to $266K. In its most recent filing year (2023), Michael L And Margie A Bennett Foundation reported a deficit of $252K, with expenses exceeding revenue. The organization holds $1 in liabilities against $191K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $191K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $266K | $191K | $1 | — | — |
| 2022 | $510K | $626K | $444K | $1 | — | View 990 |
| 2021 | $277K | $378K | $560K | $1 | — | View 990 |
| 2020 | $609K | $264K | $660K | $1 | — | — |
| 2019 | $164K | $516K | $416K | $1 | — | View 990 |
| 2015 | $428K | $582K | $1.4M | $1 | — | View 990 |
| 2014 | $39K | $399K | $1.5M | $1 | — | View 990 |
| 2013 | $73K | $268K | $1.9M | $1 | — | View 990 |
| 2012 | $109K | $464K | $2.1M | $1 | — | View 990 |
| 2011 | $-28,744 | $387K | $2.4M | $0 | — | — |
| 2010 | $3.0M | $150K | $2.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $266K, and assets of $191K (revenue -97.3% year-over-year).
- 2022: Revenue of $510K, expenses of $626K, and assets of $444K (revenue +84.0% year-over-year).
- 2021: Revenue of $277K, expenses of $378K, and assets of $560K (revenue -54.5% year-over-year).
- 2020: Revenue of $609K, expenses of $264K, and assets of $660K (revenue +271.7% year-over-year).
- 2019: Revenue of $164K, expenses of $516K, and assets of $416K (revenue -61.7% year-over-year).
- 2015: Revenue of $428K, expenses of $582K, and assets of $1.4M (revenue +1000.6% year-over-year).
- 2014: Revenue of $39K, expenses of $399K, and assets of $1.5M (revenue -47.1% year-over-year).
- 2013: Revenue of $73K, expenses of $268K, and assets of $1.9M (revenue -32.9% year-over-year).
- 2012: Revenue of $109K, expenses of $464K, and assets of $2.1M.
- 2011: Revenue of $-28,744, expenses of $387K, and assets of $2.4M (revenue -101.0% year-over-year).
- 2010: Revenue of $3.0M, expenses of $150K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael L And Margie A Bennett Foundation:
Data Sources and Methodology
This transparency report for Michael L And Margie A Bennett 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.