St Benedicts Corporation
EIN: 540976559 · Cedar Bluff, VA
| Metric | Value |
|---|---|
| Total Revenue | $501K |
| Total Expenses | $300K |
| Net Assets | $4.9M |
Is St Benedicts Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About St Benedicts Corporation
St Benedicts Corporation (EIN: 540976559) is a nonprofit organization based in Cedar Bluff, VA. The organization reported total revenue of $501K and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Benedicts Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Benedicts Corporation is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $482K |
| Total Expenses | $300K |
| Surplus / Deficit | +$183K |
| Total Assets | $6.5M |
| Total Liabilities | $1.6M |
| Net Assets | $4.9M |
| Operating Margin | 37.9% |
| Debt-to-Asset Ratio | 25.0% |
| Months of Reserves | 259.2 months |
Financial Health Grade: A
In 2024, St Benedicts Corporation reported a surplus of $183K with revenue exceeding expenses, holds 259.2 months of operating reserves (strong position), has a debt-to-asset ratio of 25.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), St Benedicts Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.7% | -2.9% | -0.3% |
| 2023 | +0.1% | +6.5% | -0.9% |
| 2022 | +0.0% | -2.6% | -0.3% |
| 2021 | +0.0% | -2.9% | -0.4% |
| 2020 | -1.2% | -1.0% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for St Benedicts Corporation 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 St Benedicts Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $183K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.0%.
Frequently Asked Questions about St Benedicts Corporation
Is St Benedicts Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, St Benedicts Corporation (EIN: 540976559) insufficient data. 0 red flags identified, 0 strengths noted.
How does St Benedicts Corporation spend its money?
Detailed spending breakdown data is not yet available for St Benedicts Corporation. Check back for updated IRS 990 analysis.
Are donations to St Benedicts Corporation tax-deductible?
St Benedicts Corporation is registered as a tax-exempt nonprofit (EIN: 540976559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is St Benedicts Corporation located?
St Benedicts Corporation is headquartered in Cedar Bluff, Virginia and files with the IRS under EIN 540976559.
How many years of IRS 990 filings does St Benedicts Corporation have?
St Benedicts Corporation has 14 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 $501K in total revenue.
Filing History
IRS 990 filing history for St Benedicts Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), St Benedicts Corporation's revenue has declined by 34.7%, moving from $738K to $482K. Total assets decreased by 14.7% over the same period, from $7.6M to $6.5M. Total functional expenses fell by 35.3%, from $463K to $300K. In its most recent filing year (2024), St Benedicts Corporation reported a surplus of $183K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $6.5M in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $482K | $300K | $6.5M | $1.6M | — | — |
| 2023 | $457K | $309K | $6.5M | $1.8M | — | View 990 |
| 2022 | $456K | $290K | $6.6M | $2.0M | — | View 990 |
| 2021 | $456K | $298K | $6.6M | $2.2M | — | — |
| 2020 | $456K | $307K | $6.6M | $2.4M | — | View 990 |
| 2019 | $461K | $310K | $6.6M | $2.6M | — | View 990 |
| 2018 | $456K | $322K | $6.7M | $2.8M | — | View 990 |
| 2017 | $456K | $344K | $6.7M | $2.9M | — | View 990 |
| 2016 | $456K | $397K | $6.8M | $3.1M | — | View 990 |
| 2015 | $498K | $405K | $6.8M | $3.2M | — | View 990 |
| 2014 | $457K | $422K | $7.0M | $3.5M | — | View 990 |
| 2013 | $470K | $442K | $7.2M | $3.8M | — | View 990 |
| 2012 | $698K | $478K | $7.4M | $4.0M | — | View 990 |
| 2011 | $738K | $463K | $7.6M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $482K, expenses of $300K, and assets of $6.5M (revenue +5.7% year-over-year).
- 2023: Revenue of $457K, expenses of $309K, and assets of $6.5M (revenue +0.1% year-over-year).
- 2022: Revenue of $456K, expenses of $290K, and assets of $6.6M (revenue +0.0% year-over-year).
- 2021: Revenue of $456K, expenses of $298K, and assets of $6.6M (revenue +0.0% year-over-year).
- 2020: Revenue of $456K, expenses of $307K, and assets of $6.6M (revenue -1.2% year-over-year).
- 2019: Revenue of $461K, expenses of $310K, and assets of $6.6M (revenue +1.2% year-over-year).
- 2018: Revenue of $456K, expenses of $322K, and assets of $6.7M (revenue +0.0% year-over-year).
- 2017: Revenue of $456K, expenses of $344K, and assets of $6.7M (revenue +-0.0% year-over-year).
- 2016: Revenue of $456K, expenses of $397K, and assets of $6.8M (revenue -8.4% year-over-year).
- 2015: Revenue of $498K, expenses of $405K, and assets of $6.8M (revenue +8.9% year-over-year).
- 2014: Revenue of $457K, expenses of $422K, and assets of $7.0M (revenue -2.7% year-over-year).
- 2013: Revenue of $470K, expenses of $442K, and assets of $7.2M (revenue -32.8% year-over-year).
- 2012: Revenue of $698K, expenses of $478K, and assets of $7.4M (revenue -5.4% year-over-year).
- 2011: Revenue of $738K, expenses of $463K, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Benedicts Corporation:
Data Sources and Methodology
This transparency report for St Benedicts 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.