Is The Boston Education Development Foundation Inc Legit?
Quick charity verification for The Boston Education Development Foundation Inc (EIN: 222514422)
Verdict: The Boston Education Development Foundation Inc appears trustworthy
75/100Mission Score
$4.8MRevenue
$11.6MAssets
3Red Flags
3Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Consistent reporting of 'c0%' for compensation across all years, which is highly unusual and requires clarification.
Significant liabilities reported in recent years, reaching $1,300,937 in 2023, up from $0 in 2017.
Strengths
Consistent revenue generation, with revenues ranging from $7.3M to $13.9M over the past seven years.
Strong asset growth, increasing from $12.4M in 2017 to $16.0M in 2023.
Positive net assets, indicating financial stability despite recent liabilities.
Spending Breakdown
How The Boston Education Development Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about The Boston Education Development Foundation Inc
Is The Boston Education Development Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Boston Education Development Foundation Inc (EIN: 222514422) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is The Boston Education Development Foundation Inc a good charity to donate to?
The Boston Education Development Foundation Inc has a Mission Score of 75/100. Revenue: $4.8M. Assets: $11.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Boston Education Development Foundation Inc?
The Employer Identification Number (EIN) for The Boston Education Development Foundation Inc is 222514422. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does The Boston Education Development Foundation Inc spend its money?
The Boston Education Development Foundation Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Boston Education Development Foundation Inc's tax-exempt status?
You can verify The Boston Education Development Foundation Inc's tax-exempt status using EIN 222514422 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Boston Education Development Foundation Inc is a unknown nonprofit based in Roxbury, Massachusetts, with reported revenue of $4.8M and assets of $11.6M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Without specific compensation figures for executives, it is impossible to assess the reasonableness of executive compensation; the 'c0%' reported across all years is a significant data gap. Revenue has grown +50% across 13 filing periods.