William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw
William Bingham 2 Nd Betterment Fund consistently spends down its endowment with zero reported officer compensation.
EIN: 136072625 · Dallas, TX · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $3.6M |
| Program Spending | 90% |
| Net Assets | $17.3M |
| Transparency Score | 85/100 |
Is William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw (EIN: 136072625) is a nonprofit organization based in Dallas, TX. The organization reported total revenue of $6.4M and total assets of $17.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw is a mid-size nonprofit that has been operating for 56 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-1,189,484 |
| Total Assets | $17.3M |
| Total Liabilities | $1 |
| Net Assets | $17.3M |
| Operating Margin | -48.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 57.2 months |
Financial Health Grade: B
In 2023, William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw reported a deficit of $1.2M with expenses exceeding revenue, holds 57.2 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), William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +8.1% | -6.4% |
| 2022 | +70.8% | +30.0% | -6.1% |
| 2021 | -15.1% | -2.1% | -5.9% |
| 2020 | -22.5% | +5.9% | -4.6% |
| 2019 | +43.7% | +7.0% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw with a Mission Score of 85 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, William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw 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 $1.2M, 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 that no salaries are paid to its officers, which is a highly efficient use of funds for leadership.
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 William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw's IRS 990 filings:
- Consistent decline in assets over the past decade, indicating spending down of endowment without significant replenishment.
- Unknown NTEE code, which limits understanding of its specific programmatic focus and ability to benchmark against peers.
- Expenses consistently exceed revenue, relying on asset depletion.
Strengths
The following positive indicators were identified for William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw:
- Zero reported officer compensation across all filings, indicating highly efficient leadership cost.
- Minimal liabilities, consistently reported as $1 in recent years, suggesting low financial risk.
- Consistent distribution of funds (expenses) over a long period, indicating active grant-making or programmatic spending.
Frequently Asked Questions about William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw
Is William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw a legitimate charity?
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw (EIN: 136072625) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw spend its money?
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw tax-deductible?
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw is registered as a tax-exempt nonprofit (EIN: 136072625). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw located?
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw is headquartered in Dallas, Texas and files with the IRS under EIN 136072625.
How many years of IRS 990 filings does William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw have?
William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw has 10 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 $6.4M in total revenue.
What is the specific mission or program area of the William Bingham 2 Nd Betterment Fund?
The provided data does not specify the organization's mission or program areas, and the NTEE code is unknown, making it difficult to determine its specific focus.
How does the organization manage its operations with zero officer compensation?
The consistent reporting of zero officer compensation suggests that the organization may be entirely volunteer-run at the leadership level, or its operational management is handled through other means not classified as officer compensation.
What is the nature of the consistent $1 liability reported in recent years?
The consistent reporting of a $1 liability from 2019 to 2023 is unusual and could represent a nominal placeholder or a minor, recurring obligation that does not materially impact financial health.
What is the long-term strategy for the declining asset base?
The continuous decline in assets, from $24,381,751 in 2011 to $17,265,260 in 2023, suggests a strategy of spending down the endowment, but the ultimate goal or timeline for this is not clear from the provided data.
Filing History
IRS 990 filing history for William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw's revenue has grown by 44.3%, moving from $1.7M to $2.4M. Total assets decreased by 29.2% over the same period, from $24.4M to $17.3M. Total functional expenses rose by 67.7%, from $2.2M to $3.6M. In its most recent filing year (2023), William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $3.6M | $17.3M | $1 | — | — |
| 2022 | $2.3M | $3.3M | $18.4M | $1 | — | View 990 |
| 2021 | $1.4M | $2.6M | $19.6M | $1 | — | View 990 |
| 2020 | $1.6M | $2.6M | $20.9M | $1 | — | — |
| 2019 | $2.1M | $2.5M | $21.9M | $1 | — | — |
| 2015 | $1.4M | $2.3M | $23.0M | $0 | — | View 990 |
| 2014 | $2.4M | $2.4M | $23.8M | $0 | — | View 990 |
| 2013 | $2.3M | $2.3M | $23.7M | $0 | — | View 990 |
| 2012 | $1.5M | $2.3M | $23.7M | $0 | — | View 990 |
| 2011 | $1.7M | $2.2M | $24.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $3.6M, and assets of $17.3M (revenue +4.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $3.3M, and assets of $18.4M (revenue +70.8% year-over-year).
- 2021: Revenue of $1.4M, expenses of $2.6M, and assets of $19.6M (revenue -15.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.6M, and assets of $20.9M (revenue -22.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.5M, and assets of $21.9M (revenue +43.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $2.3M, and assets of $23.0M (revenue -39.5% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.4M, and assets of $23.8M (revenue +3.0% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $23.7M (revenue +50.9% year-over-year).
- 2012: Revenue of $1.5M, expenses of $2.3M, and assets of $23.7M (revenue -8.9% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.2M, and assets of $24.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw:
Data Sources and Methodology
This transparency report for William Bingham 2 Nd Betterment Fund 307779 80 Nect Uw 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.