The Bynum Foundation
The Bynum Foundation's assets have declined by over 65% in 12 years, with consistent negative net revenue.
EIN: 203859323 · Birmingham, AL · NTEE: T22 · Updated: 2026-03-28
Is The Bynum Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Bynum Foundation
The Bynum Foundation (EIN: 203859323) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T22. The organization reported total revenue of $441K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bynum Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Bynum Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6337.4% | +16.8% | -43.6% |
| 2022 | -95.8% | +41.4% | -5.2% |
| 2021 | +87.0% | -36.5% | -0.2% |
| 2020 | +1027.2% | +116.2% | -3.9% |
| 2019 | -92.6% | -58.2% | -19.9% |
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 Bynum Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Bynum Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bynum Foundation consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be unpaid or compensated through non-officer roles, which could be a positive for resource allocation if true.
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 The Bynum Foundation's IRS 990 filings:
- Consistent negative net revenue, with expenses significantly exceeding income in most periods.
- Dramatic decline in assets from $3,972,722 in 2011 to $1,375,805 in 2023, representing a 65.4% decrease.
- Latest reported period (202312) shows substantial negative revenue of $-246,192.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data.
Strengths
The following positive indicators were identified for The Bynum Foundation:
- Consistent filing of IRS Form 990 over a decade, indicating compliance with reporting requirements.
- Consistently low liabilities ($0 or $1) across all reported periods, suggesting no significant debt burden.
- Reported 0% officer compensation across all filings, potentially indicating efficient use of funds at the executive level.
Frequently Asked Questions about The Bynum Foundation
Is The Bynum Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Bynum Foundation (EIN: 203859323) significant concerns. Mission Score: 20/100. 4 red flags identified, 3 strengths noted.
How does The Bynum Foundation spend its money?
Detailed spending breakdown data is not yet available for The Bynum Foundation. Check back for updated IRS 990 analysis.
Are donations to The Bynum Foundation tax-deductible?
The Bynum Foundation is registered as a tax-exempt nonprofit (EIN: 203859323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the detailed breakdown of The Bynum Foundation's expenses (program, administrative, fundraising)?
The provided IRS 990 summary data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories, making it impossible to assess spending efficiency in these areas.
How does The Bynum Foundation plan to address its consistent negative net revenue and declining asset base?
The provided data shows a consistent trend of expenses exceeding revenue and a significant decline in assets, but does not offer insights into the foundation's strategies to reverse these trends.
What are the specific programs and activities that The Bynum Foundation funds or operates?
The NTEE code T22 indicates 'Private Grantmaking Foundations', but the summary data does not detail the specific programs or beneficiaries of The Bynum Foundation's activities.
Is the reported 0% officer compensation accurate, or are executives compensated through other means?
The filings consistently show 0% officer compensation, but without further detail, it's unclear if executives are truly unpaid or if compensation is structured in a way not captured by this specific line item.
Filing History
IRS 990 filing history for The Bynum Foundation showing financial trends over 10 years of public records:
Total assets decreased by 65.4% over the same period, from $4.0M to $1.4M. Total functional expenses rose by 19.5%, from $135K to $161K. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-246,192 | $161K | $1.4M | $1 | — | — |
| 2022 | $4K | $138K | $2.4M | $1 | — | — |
| 2021 | $93K | $98K | $2.6M | $1 | — | — |
| 2020 | $50K | $154K | $2.6M | $1 | — | — |
| 2019 | $4K | $71K | $2.7M | $1 | — | View 990 |
| 2015 | $60K | $170K | $3.3M | $0 | — | View 990 |
| 2014 | $29K | $186K | $3.5M | $0 | — | View 990 |
| 2013 | $58K | $201K | $3.6M | $0 | — | View 990 |
| 2012 | $-232 | $203K | $3.8M | $0 | — | View 990 |
| 2011 | $-36,721 | $135K | $4.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-246,192, expenses of $161K, and assets of $1.4M (revenue -6337.4% year-over-year).
- 2022: Revenue of $4K, expenses of $138K, and assets of $2.4M (revenue -95.8% year-over-year).
- 2021: Revenue of $93K, expenses of $98K, and assets of $2.6M (revenue +87.0% year-over-year).
- 2020: Revenue of $50K, expenses of $154K, and assets of $2.6M (revenue +1027.2% year-over-year).
- 2019: Revenue of $4K, expenses of $71K, and assets of $2.7M (revenue -92.6% year-over-year).
- 2015: Revenue of $60K, expenses of $170K, and assets of $3.3M (revenue +110.2% year-over-year).
- 2014: Revenue of $29K, expenses of $186K, and assets of $3.5M (revenue -50.5% year-over-year).
- 2013: Revenue of $58K, expenses of $201K, and assets of $3.6M.
- 2012: Revenue of $-232, expenses of $203K, and assets of $3.8M.
- 2011: Revenue of $-36,721, expenses of $135K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Bynum Foundation:
Data Sources and Methodology
This transparency report for The Bynum 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.