Quick charity verification for Friends Of Boston Homeless Inc (EIN: 222866770)
Verdict: Friends Of Boston Homeless Inc appears trustworthy
75/100Mission Score
$1.3MRevenue
$1.0MAssets
2Red Flags
3Strengths
Red Flags
Revenue has shown a downward trend from $1,476,880 in 2020 to $993,370 in 2024, which could impact future program sustainability.
A significant increase in liabilities to $1,332,090 in 2022, followed by a decrease, requires clarification on the nature and resolution of these obligations.
Strengths
Consistent reporting of 0% executive compensation demonstrates a strong commitment to directing funds towards programs.
The organization maintains a healthy asset base, with assets of $1,219,848 in 2024, providing financial stability.
Expenses have remained relatively stable despite revenue fluctuations, indicating efficient cost management.
AI Transparency Report
Friends Of Boston Homeless Inc is a housing & shelter nonprofit based in Beverly, Massachusetts, with reported revenue of $1.3M and assets of $1.0M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation is reported as 0% across all available filings, suggesting a volunteer-based leadership structure, which is a positive for donor confidence. Revenue has grown +140% across 14 filing periods.