Arts & Business Council Of Greater Boston Inc
EIN: 223217131 · Boston, MA · NTEE: A900
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $1.4M |
| Net Assets | $2.1M |
Is Arts & Business Council Of Greater Boston Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arts & Business Council Of Greater Boston Inc
Arts & Business Council Of Greater Boston Inc (EIN: 223217131) is a nonprofit organization based in Boston, MA, classified under NTEE code A900. The organization reported total revenue of $6.4M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts & Business Council Of Greater Boston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts & Business Council Of Greater Boston Inc is a mid-size nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$70K |
| Total Assets | $2.2M |
| Total Liabilities | $103K |
| Net Assets | $2.1M |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 19.3 months |
Financial Health Grade: A
In 2023, Arts & Business Council Of Greater Boston Inc reported a surplus of $70K with revenue exceeding expenses, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Arts & Business Council Of Greater Boston Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.0% | -56.1% | -50.1% |
| 2022 | +102.8% | +223.3% | +3.6% |
| 2021 | +84.4% | +73.3% | +19.8% |
| 2020 | +11.0% | -14.9% | +17.7% |
| 2019 | +11.5% | -0.7% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts & Business Council Of Greater Boston Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arts & Business Council Of Greater Boston Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Frequently Asked Questions about Arts & Business Council Of Greater Boston Inc
Is Arts & Business Council Of Greater Boston Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Arts & Business Council Of Greater Boston Inc (EIN: 223217131) insufficient data. 0 red flags identified, 0 strengths noted.
How does Arts & Business Council Of Greater Boston Inc spend its money?
Detailed spending breakdown data is not yet available for Arts & Business Council Of Greater Boston Inc. Check back for updated IRS 990 analysis.
Are donations to Arts & Business Council Of Greater Boston Inc tax-deductible?
Arts & Business Council Of Greater Boston Inc is registered as a tax-exempt nonprofit (EIN: 223217131). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arts & Business Council Of Greater Boston Inc located?
Arts & Business Council Of Greater Boston Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 223217131. It is classified under NTEE code A900.
How many years of IRS 990 filings does Arts & Business Council Of Greater Boston Inc have?
Arts & Business Council Of Greater Boston Inc has 12 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.
Filing History
IRS 990 filing history for Arts & Business Council Of Greater Boston Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Arts & Business Council Of Greater Boston Inc's revenue has grown by 386.3%, moving from $302K to $1.5M. Total assets increased by 832% over the same period, from $241K to $2.2M. Total functional expenses rose by 316.5%, from $336K to $1.4M. In its most recent filing year (2023), Arts & Business Council Of Greater Boston Inc reported a surplus of $70K, with revenue exceeding expenses. The organization holds $103K in liabilities against $2.2M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $2.2M | $103K | — | View 990 |
| 2022 | $3.3M | $3.2M | $4.5M | $1.7M | — | View 990 |
| 2021 | $1.6M | $987K | $4.4M | $1.7M | — | View 990 |
| 2020 | $893K | $569K | $3.6M | $1.7M | — | View 990 |
| 2019 | $805K | $669K | $3.1M | $1.5M | — | View 990 |
| 2018 | $722K | $674K | $2.8M | $1.3M | — | View 990 |
| 2017 | $600K | $549K | $2.7M | $1.2M | — | View 990 |
| 2016 | $1.0M | $522K | $1.5M | $56K | — | View 990 |
| 2015 | $586K | $658K | $976K | $50K | — | View 990 |
| 2014 | $1.1M | $462K | $1.0M | $48K | — | View 990 |
| 2013 | $437K | $364K | $344K | $51K | — | View 990 |
| 2012 | $302K | $336K | $241K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $2.2M (revenue -56.0% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.2M, and assets of $4.5M (revenue +102.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $987K, and assets of $4.4M (revenue +84.4% year-over-year).
- 2020: Revenue of $893K, expenses of $569K, and assets of $3.6M (revenue +11.0% year-over-year).
- 2019: Revenue of $805K, expenses of $669K, and assets of $3.1M (revenue +11.5% year-over-year).
- 2018: Revenue of $722K, expenses of $674K, and assets of $2.8M (revenue +20.4% year-over-year).
- 2017: Revenue of $600K, expenses of $549K, and assets of $2.7M (revenue -40.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $522K, and assets of $1.5M (revenue +71.2% year-over-year).
- 2015: Revenue of $586K, expenses of $658K, and assets of $976K (revenue -48.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $462K, and assets of $1.0M (revenue +160.5% year-over-year).
- 2013: Revenue of $437K, expenses of $364K, and assets of $344K (revenue +44.5% year-over-year).
- 2012: Revenue of $302K, expenses of $336K, and assets of $241K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts & Business Council Of Greater Boston Inc:
Data Sources and Methodology
This transparency report for Arts & Business Council Of Greater Boston Inc 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.