Bare Necessities Foundation Inc
Nonprofit profile at a glance
- EIN
- 861266648
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Silver Spring, MD, USA
- Phone
- 3018140926
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Food Programs
Reported finances
- Revenue
- $144,184
- Expenses
- $129,699
- Assets
- $15,253
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Karen Shilling (President)
- Brian Shilling (Vice President)
People named in this filing
- Karen Shilling (President)
- Brian Shilling (Vice President)
- Rachel Conover Loreto (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bare Necessities Foundation, Inc is a non-profit, all volunteer organization that supports and empowers local families in need by providing them with the "bare necessities" such as furniture, household goods and clothing in order to allow our families to focus their efforts and income on building better futures for themselves.
What it reported doing in 2024
Served 249 families this tax year- 404 adults and 461 children. Distributed 354 beds. 39 families had entire apartments set-up, including beds, furniture, kitchen supplies and household goods. 229 families received furniture and 68 families received household goods. Also supported 10 families with clothing.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90%; rating input score 90
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 10%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 19.6% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 29.8% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 180.8% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 90% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $130K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Operating margin scored 58/100.