Saint Andrews Free Bed Fund
Saint Andrews Free Bed Fund maintains strong assets and zero liabilities with no officer compensation.
EIN: 16007236 · Boothbay Hbr, ME · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $289K |
| Total Expenses | $86K |
| Program Spending | 95% |
| Net Assets | $2.2M |
| Transparency Score | 95/100 |
Is Saint Andrews Free Bed Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saint Andrews Free Bed Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Saint Andrews Free Bed Fund
Saint Andrews Free Bed Fund (EIN: 16007236) is a nonprofit organization based in Boothbay Hbr, ME, classified under NTEE code T31. The organization reported total revenue of $289K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saint Andrews Free Bed Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saint Andrews Free Bed Fund is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $86K |
| Surplus / Deficit | +$7K |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | 7.6% |
| Months of Reserves | 301.2 months |
Financial Health Grade: A
In 2023, Saint Andrews Free Bed Fund reported a surplus of $7K with revenue exceeding expenses, holds 301.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Saint Andrews Free Bed Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.8% | +99.2% | +3.5% |
| 2022 | +7.8% | +25.7% | -8.2% |
| 2021 | +34.0% | -34.2% | +19.9% |
| 2020 | +0.5% | -28.4% | +2.8% |
| 2019 | +0.6% | +0.5% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Saint Andrews Free Bed Fund with a Mission Score of 95 out of 100 (Excellent). 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: 95%
- fundraising: 0%
According to IRS 990 filings, Saint Andrews Free Bed Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure with no paid executives, which is highly commendable for a nonprofit of its 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.
Strengths
The following positive indicators were identified for Saint Andrews Free Bed Fund:
- Strong asset base of $2,323,308, providing long-term financial stability.
- Consistent reporting of zero liabilities, indicating excellent financial management.
- No officer compensation reported, suggesting a volunteer-driven model and high efficiency.
- Low and stable expense levels relative to assets, indicating efficient operations.
- Consistent filing history over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Saint Andrews Free Bed Fund
Is Saint Andrews Free Bed Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Saint Andrews Free Bed Fund (EIN: 16007236) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Saint Andrews Free Bed Fund spend its money?
Saint Andrews Free Bed Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Saint Andrews Free Bed Fund tax-deductible?
Saint Andrews Free Bed Fund is registered as a tax-exempt nonprofit (EIN: 16007236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Saint Andrews Free Bed Fund compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Saint Andrews Free Bed Fund is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Saint Andrews Free Bed Fund located?
Saint Andrews Free Bed Fund is headquartered in Boothbay Hbr, Maine and files with the IRS under EIN 16007236. It is classified under NTEE code T31.
How many years of IRS 990 filings does Saint Andrews Free Bed Fund have?
Saint Andrews Free Bed Fund 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 $289K in total revenue.
What is the primary source of the organization's revenue?
Given the low and stable expense levels and the substantial asset base, it is highly probable that the primary source of revenue is investment income from its endowment, rather than public contributions or program service fees.
How does the organization utilize its assets to fulfill its mission?
With assets exceeding $2 million and relatively low annual expenses, the organization likely uses the income generated from its endowment to provide 'free beds' or related services, aligning with its name and NTEE code T31 (Hospitals & Primary Health Care).
Is the recent spike in revenue ($288,636 in the latest period) sustainable or an anomaly?
The latest revenue figure of $288,636 is significantly higher than previous years' revenues, which typically ranged from $75,000 to $109,000. This suggests it might be an anomaly, possibly due to a large one-time donation or an exceptional investment return, and may not be indicative of future revenue trends.
Filing History
IRS 990 filing history for Saint Andrews Free Bed Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Saint Andrews Free Bed Fund's revenue has grown by 16.1%, moving from $80K to $93K. Total assets increased by 52.8% over the same period, from $1.4M to $2.2M. Total functional expenses rose by 45.2%, from $59K to $86K. In its most recent filing year (2023), Saint Andrews Free Bed Fund reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $86K | $2.2M | $0 | — | View 990 |
| 2022 | $109K | $43K | $2.1M | $0 | — | — |
| 2021 | $101K | $34K | $2.3M | $0 | — | View 990 |
| 2020 | $76K | $52K | $1.9M | $0 | — | — |
| 2019 | $75K | $73K | $1.8M | $0 | — | View 990 |
| 2018 | $75K | $72K | $1.6M | $0 | — | View 990 |
| 2017 | $79K | $65K | $1.7M | $0 | — | View 990 |
| 2016 | $74K | $61K | $1.6M | $0 | — | View 990 |
| 2015 | $75K | $58K | $1.5M | $0 | — | View 990 |
| 2014 | $77K | $50K | $1.5M | $0 | — | View 990 |
| 2013 | $62K | $33K | $1.6M | $0 | — | View 990 |
| 2012 | $57K | $50K | $1.5M | $0 | — | View 990 |
| 2011 | $80K | $59K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $86K, and assets of $2.2M (revenue -14.8% year-over-year).
- 2022: Revenue of $109K, expenses of $43K, and assets of $2.1M (revenue +7.8% year-over-year).
- 2021: Revenue of $101K, expenses of $34K, and assets of $2.3M (revenue +34.0% year-over-year).
- 2020: Revenue of $76K, expenses of $52K, and assets of $1.9M (revenue +0.5% year-over-year).
- 2019: Revenue of $75K, expenses of $73K, and assets of $1.8M (revenue +0.6% year-over-year).
- 2018: Revenue of $75K, expenses of $72K, and assets of $1.6M (revenue -4.9% year-over-year).
- 2017: Revenue of $79K, expenses of $65K, and assets of $1.7M (revenue +6.9% year-over-year).
- 2016: Revenue of $74K, expenses of $61K, and assets of $1.6M (revenue -1.6% year-over-year).
- 2015: Revenue of $75K, expenses of $58K, and assets of $1.5M (revenue -2.4% year-over-year).
- 2014: Revenue of $77K, expenses of $50K, and assets of $1.5M (revenue +24.6% year-over-year).
- 2013: Revenue of $62K, expenses of $33K, and assets of $1.6M (revenue +7.1% year-over-year).
- 2012: Revenue of $57K, expenses of $50K, and assets of $1.5M (revenue -28.3% year-over-year).
- 2011: Revenue of $80K, expenses of $59K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saint Andrews Free Bed Fund:
Data Sources and Methodology
This transparency report for Saint Andrews 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.