William C Bowling Sr Memorial Fund
William C Bowling Sr Memorial Fund consistently spends more than it earns, drawing down assets.
EIN: 20556814 · Warwick, RI · NTEE: B122 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $20K |
| Program Spending | 75% |
| Net Assets | $395K |
| Transparency Score | 55/100 |
Is William C Bowling Sr Memorial Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William C Bowling Sr Memorial Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William C Bowling Sr Memorial Fund
William C Bowling Sr Memorial Fund (EIN: 20556814) is a nonprofit organization based in Warwick, RI, classified under NTEE code B122. The organization reported total revenue of $10K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William C Bowling Sr Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William C Bowling Sr Memorial Fund is a micro nonprofit that has been operating for 24 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $20K |
| Surplus / Deficit | $-11,673 |
| Total Assets | $395K |
| Total Liabilities | $1 |
| Net Assets | $395K |
| Operating Margin | -136.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 234.3 months |
Financial Health Grade: B
In 2023, William C Bowling Sr Memorial Fund reported a deficit of $12K with expenses exceeding revenue, holds 234.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), William C Bowling Sr Memorial Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.7% | +4.9% | +19.1% |
| 2022 | -12.1% | -1.0% | -26.7% |
| 2021 | +21.0% | +4.4% | +16.8% |
| 2020 | -11.9% | +1.9% | +12.1% |
| 2019 | -62.6% | +5.2% | +27.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 C Bowling Sr Memorial Fund with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, William C Bowling Sr Memorial Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no funds are being used for executive salaries, which is a positive sign for donor confidence and resource allocation.
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 C Bowling Sr Memorial Fund's IRS 990 filings:
- Consistent operational deficits (e.g., $8,538 revenue vs. $20,211 expenses in 2023)
- Reliance on existing assets to cover expenses rather than operational revenue
- Declining revenue trend in recent years compared to earlier periods (e.g., $28,788 in 2013 vs. $8,538 in 2023)
Strengths
The following positive indicators were identified for William C Bowling Sr Memorial Fund:
- No officer compensation reported, indicating efficient use of funds at the executive level
- Consistent filing of IRS 990 forms, demonstrating transparency
- Growing asset base over the long term, providing a financial cushion
Frequently Asked Questions about William C Bowling Sr Memorial Fund
Is William C Bowling Sr Memorial Fund a legitimate charity?
William C Bowling Sr Memorial Fund (EIN: 20556814) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 55/100. It has 9 years of IRS 990 filings on record. Total revenue: $10K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does William C Bowling Sr Memorial Fund spend its money?
William C Bowling Sr Memorial Fund directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to William C Bowling Sr Memorial Fund tax-deductible?
William C Bowling Sr Memorial Fund is registered as a tax-exempt nonprofit (EIN: 20556814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William C Bowling Sr Memorial Fund's spending goes to programs?
William C Bowling Sr Memorial Fund directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does William C Bowling Sr Memorial Fund compare to similar nonprofits?
With a transparency score of 55/100 (Fair), William C Bowling Sr Memorial Fund is near average for NTEE category B122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is William C Bowling Sr Memorial Fund located?
William C Bowling Sr Memorial Fund is headquartered in Warwick, Rhode Island and files with the IRS under EIN 20556814. It is classified under NTEE code B122.
How many years of IRS 990 filings does William C Bowling Sr Memorial Fund have?
William C Bowling Sr Memorial Fund has 9 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 $10K in total revenue.
How does the organization cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its existing assets, as evidenced by expenses consistently exceeding revenue in recent years (e.g., $20,211 expenses vs. $8,538 revenue in 2023), while total assets have generally increased over the long term, suggesting a reliance on investment returns or prior capital.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses, making it difficult to precisely assess spending efficiency in these categories.
What is the long-term sustainability plan given the consistent deficit spending?
The consistent deficit spending, where expenses significantly outpace revenue, raises concerns about the long-term financial sustainability of the fund if this trend continues without a clear strategy for increased revenue generation or expense reduction.
Filing History
IRS 990 filing history for William C Bowling Sr Memorial Fund showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), William C Bowling Sr Memorial Fund's revenue has grown by 100%, moving from $4K to $9K. Total assets increased by 86.5% over the same period, from $212K to $395K. Total functional expenses rose by 42.9%, from $14K to $20K. In its most recent filing year (2023), William C Bowling Sr Memorial Fund reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $395K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $395K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $20K | $395K | $1 | — | — |
| 2022 | $8K | $19K | $331K | $1 | — | View 990 |
| 2021 | $9K | $19K | $452K | $1 | — | — |
| 2020 | $7K | $19K | $387K | $1 | — | — |
| 2019 | $8K | $18K | $346K | $1 | — | View 990 |
| 2014 | $22K | $17K | $272K | $1 | — | View 990 |
| 2013 | $29K | $14K | $266K | $0 | — | View 990 |
| 2012 | $13K | $12K | $226K | $0 | — | View 990 |
| 2011 | $4K | $14K | $212K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $20K, and assets of $395K (revenue +12.7% year-over-year).
- 2022: Revenue of $8K, expenses of $19K, and assets of $331K (revenue -12.1% year-over-year).
- 2021: Revenue of $9K, expenses of $19K, and assets of $452K (revenue +21.0% year-over-year).
- 2020: Revenue of $7K, expenses of $19K, and assets of $387K (revenue -11.9% year-over-year).
- 2019: Revenue of $8K, expenses of $18K, and assets of $346K (revenue -62.6% year-over-year).
- 2014: Revenue of $22K, expenses of $17K, and assets of $272K (revenue -25.0% year-over-year).
- 2013: Revenue of $29K, expenses of $14K, and assets of $266K (revenue +128.1% year-over-year).
- 2012: Revenue of $13K, expenses of $12K, and assets of $226K (revenue +195.7% year-over-year).
- 2011: Revenue of $4K, expenses of $14K, and assets of $212K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William C Bowling Sr Memorial Fund:
Data Sources and Methodology
This transparency report for William C Bowling Sr Memorial 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.