The Burnett Family Charitable Foundation Inc
Burnett Family Charitable Foundation maintains strong assets with minimal overhead, primarily functioning as a grantmaking entity.
EIN: 203752807 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is The Burnett Family Charitable Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Burnett Family Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Burnett Family Charitable Foundation Inc
The Burnett Family Charitable Foundation Inc (EIN: 203752807) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $397K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Burnett Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Burnett Family Charitable Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $118K |
| Surplus / Deficit | $-24,508 |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | -26.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 306.8 months |
Financial Health Grade: B
In 2023, The Burnett Family Charitable Foundation Inc reported a deficit of $25K with expenses exceeding revenue, holds 306.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Burnett Family Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.7% | +285.2% | -0.8% |
| 2022 | -90.3% | -29.3% | +7.1% |
| 2021 | +18567.3% | +0.7% | +485.5% |
| 2020 | -39.8% | -19.6% | -5.9% |
| 2019 | +26.6% | +41.5% | -12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Burnett Family Charitable Foundation Inc with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Burnett Family Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or unpaid, which is highly efficient for a foundation 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 The Burnett Family Charitable Foundation Inc:
- Strong asset base, consistently over $2.8 million in recent years.
- 0% officer compensation, indicating highly efficient and volunteer-driven leadership.
- Consistent filing history over a decade, demonstrating good transparency.
- Minimal liabilities ($1 across all periods), reflecting excellent financial stability.
- Low and stable operating expenses, suggesting efficient management of resources.
Frequently Asked Questions about The Burnett Family Charitable Foundation Inc
Is The Burnett Family Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Burnett Family Charitable Foundation Inc (EIN: 203752807) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does The Burnett Family Charitable Foundation Inc spend its money?
The Burnett Family Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Burnett Family Charitable Foundation Inc tax-deductible?
The Burnett Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203752807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Burnett Family Charitable Foundation Inc a good charity?
Yes, as a grantmaking foundation, it appears to be a well-managed entity. Its consistent asset base, minimal liabilities, and 0% officer compensation suggest strong financial stewardship and a focus on its mission through grant distributions.
What is the primary activity of this organization?
Based on its NTEE code (T22) and financial patterns, The Burnett Family Charitable Foundation Inc primarily operates as a private grantmaking foundation, distributing funds to other charitable organizations or causes.
How does its revenue compare to its expenses?
Revenue has been highly variable, ranging from $12,878 to $2,403,970. Expenses have been consistently low, typically under $50,000, except for 2023 where expenses ($118,311) exceeded revenue ($93,803). Overall, the foundation maintains a strong asset base despite revenue fluctuations.
Filing History
IRS 990 filing history for The Burnett Family Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Burnett Family Charitable Foundation Inc's revenue has grown by 533.7%, moving from $15K to $94K. Total assets increased by 383.3% over the same period, from $626K to $3.0M. Total functional expenses rose by 426.8%, from $22K to $118K. In its most recent filing year (2023), The Burnett Family Charitable Foundation Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $118K | $3.0M | $1 | — | View 990 |
| 2022 | $233K | $31K | $3.0M | $1 | — | View 990 |
| 2021 | $2.4M | $43K | $2.8M | $1 | — | View 990 |
| 2020 | $13K | $43K | $486K | $1 | — | — |
| 2019 | $21K | $54K | $516K | $1 | — | — |
| 2015 | $17K | $38K | $590K | $1 | — | View 990 |
| 2014 | $30K | $37K | $611K | $1 | — | View 990 |
| 2013 | $37K | $33K | $618K | $1 | — | View 990 |
| 2012 | $21K | $33K | $614K | $1 | — | View 990 |
| 2011 | $15K | $22K | $626K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $118K, and assets of $3.0M (revenue -59.7% year-over-year).
- 2022: Revenue of $233K, expenses of $31K, and assets of $3.0M (revenue -90.3% year-over-year).
- 2021: Revenue of $2.4M, expenses of $43K, and assets of $2.8M (revenue +18567.3% year-over-year).
- 2020: Revenue of $13K, expenses of $43K, and assets of $486K (revenue -39.8% year-over-year).
- 2019: Revenue of $21K, expenses of $54K, and assets of $516K (revenue +26.6% year-over-year).
- 2015: Revenue of $17K, expenses of $38K, and assets of $590K (revenue -43.9% year-over-year).
- 2014: Revenue of $30K, expenses of $37K, and assets of $611K (revenue -18.2% year-over-year).
- 2013: Revenue of $37K, expenses of $33K, and assets of $618K (revenue +73.8% year-over-year).
- 2012: Revenue of $21K, expenses of $33K, and assets of $614K (revenue +43.0% year-over-year).
- 2011: Revenue of $15K, expenses of $22K, and assets of $626K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Burnett Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for The Burnett Family Charitable Foundation Inc 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.