Robert W Belknap M D Free Bed Fund
Robert W Belknap M D Free Bed Fund maintains consistent assets and zero officer compensation, with expenses occasionally exceeding revenue.
EIN: 16011506 · Damariscotta, ME · Updated: 2026-03-28
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Robert W Belknap M D Free Bed Fund is mapped to EIN 16011506.
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7 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $22K |
| Program Spending | 85% |
| Net Assets | $198K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Robert W Belknap M D Free Bed Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Robert W Belknap M D Free Bed Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Robert W Belknap M D Free Bed Fund in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $14K and expenses of $22K.
Revenue and Expenses
Robert W Belknap M D Free Bed Fund reported $14K in revenue and $22K in expenses, a deficit of $7K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Robert W Belknap M D Free Bed Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $18K (85%) |
Across stored filings, Robert W Belknap M D Free Bed Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 7 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
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Damariscotta, ME nonprofitsFollow the Money
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Robert W Belknap M D Free Bed Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert W Belknap M D Free Bed Fund
Robert W Belknap M D Free Bed Fund (EIN: 16011506) is a nonprofit organization based in Damariscotta, ME. The organization reported total revenue of $47K and total assets of $177K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert W Belknap M D Free Bed Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robert W Belknap M D Free Bed Fund is a micro nonprofit that has been operating for 66 years, with 7 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $22K |
| Surplus / Deficit | $-7,386 |
| Total Assets | $198K |
| Total Liabilities | $1 |
| Net Assets | $198K |
| Operating Margin | -51.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 109.8 months |
Financial Health Grade: B
In 2023, Robert W Belknap M D Free Bed Fund reported a deficit of $7K with expenses exceeding revenue, holds 109.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2012–2023), Robert W Belknap M D Free Bed Fund's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +88.4% | +525.0% | -3.6% |
| 2022 | -75.7% | -85.9% | +2.0% |
| 2021 | +74.9% | +20.6% | +3.4% |
| 2020 | +91.6% | -0.9% | -1.3% |
| 2019 | -6.7% | +15.5% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Robert W Belknap M D Free Bed Fund with a Mission Score of 75 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Robert W Belknap M D Free Bed Fund allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led board and no paid executives, which is highly efficient for a nonprofit of this size.
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 Robert W Belknap M D Free Bed Fund's IRS 990 filings:
- Expenses frequently exceed revenue, leading to a gradual decline in assets (e.g., 2023: $21,670 expenses vs. $14,284 revenue).
- Lack of detailed expense breakdown in summary data makes it difficult to fully assess program efficiency beyond officer compensation.
Strengths
The following positive indicators were identified for Robert W Belknap M D Free Bed Fund:
- Consistent 0% officer compensation, indicating a volunteer-led organization and high efficiency in executive costs.
- Maintains a stable asset base (around $200,000) relative to its annual operations, providing financial cushion.
- Low liabilities (consistently $0 or $1) indicate strong financial management and minimal debt.
Frequently Asked Questions about Robert W Belknap M D Free Bed Fund
Is Robert W Belknap M D Free Bed Fund a legitimate charity?
Robert W Belknap M D Free Bed Fund (EIN: 16011506) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. Total revenue: $47K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Robert W Belknap M D Free Bed Fund spend its money?
Robert W Belknap M D Free Bed Fund directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Robert W Belknap M D Free Bed Fund tax-deductible?
Robert W Belknap M D Free Bed Fund is registered as a tax-exempt nonprofit (EIN: 16011506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Robert W Belknap M D Free Bed Fund located?
Robert W Belknap M D Free Bed Fund is headquartered in Damariscotta, Maine and files with the IRS under EIN 16011506.
How many years of IRS 990 filings does Robert W Belknap M D Free Bed Fund have?
Robert W Belknap M D Free Bed Fund has 7 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 $47K in total revenue.
Is the Robert W Belknap M D Free Bed Fund a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its volunteer-led structure (0% officer compensation) and consistent asset base. Its mission, implied by 'Free Bed Fund,' suggests direct support for healthcare access, which is a valuable cause. However, without detailed program spending information, a full assessment of its impact is limited.
What is the primary use of the organization's funds?
Given the name 'Free Bed Fund' and the nature of such organizations, the primary use of funds is likely for grants or direct payments to healthcare providers to cover 'free beds' or related medical expenses for individuals in need. The consistent expenses, such as $21,670 in 2023, suggest ongoing distributions.
How has the organization's financial stability changed over time?
The organization's assets have shown a gradual decline from $220,600 in 2012 to $198,342 in 2023. While still maintaining a healthy asset base relative to its annual revenue, this trend indicates that expenses have frequently exceeded revenue, leading to a slow draw-down of its principal over the past decade.
Filing History
IRS 990 filing history for Robert W Belknap M D Free Bed Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2023), Robert W Belknap M D Free Bed Fund's revenue has grown by 88.9%, moving from $8K to $14K. Total assets decreased by 10.1% over the same period, from $221K to $198K. Total functional expenses rose by 52.3%, from $14K to $22K. In its most recent filing year (2023), Robert W Belknap M D Free Bed Fund reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $198K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $198K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $22K | $198K | $1 | — | — |
| 2022 | $8K | $3K | $206K | $1 | — | — |
| 2021 | $31K | $25K | $202K | $1 | — | — |
| 2020 | $18K | $20K | $195K | $1 | — | — |
| 2019 | $9K | $21K | $198K | $0 | — | View 990 |
| 2014 | $10K | $18K | $214K | $0 | — | View 990 |
| 2012 | $8K | $14K | $221K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $22K, and assets of $198K (revenue +88.4% year-over-year).
- 2022: Revenue of $8K, expenses of $3K, and assets of $206K (revenue -75.7% year-over-year).
- 2021: Revenue of $31K, expenses of $25K, and assets of $202K (revenue +74.9% year-over-year).
- 2020: Revenue of $18K, expenses of $20K, and assets of $195K (revenue +91.6% year-over-year).
- 2019: Revenue of $9K, expenses of $21K, and assets of $198K (revenue -6.7% year-over-year).
- 2014: Revenue of $10K, expenses of $18K, and assets of $214K (revenue +32.0% year-over-year).
- 2012: Revenue of $8K, expenses of $14K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robert W Belknap M D Free Bed Fund:
Data Sources and Methodology
This transparency report for Robert W Belknap M D Free Bed Fund 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.