Bluehub Loan Fund Inc
Bluehub Loan Fund: Strong Growth, High Program Spending, but Limited Public Transparency
EIN: 222593378 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $39.5M |
| Total Expenses | $11.5M |
| Program Spending | 90% |
| Net Assets | $130.7M |
| Transparency Score | 85/100 |
Is Bluehub Loan Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bluehub Loan Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bluehub Loan Fund Inc
Bluehub Loan Fund Inc (EIN: 222593378) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $39.5M and total assets of $494.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluehub Loan Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bluehub Loan Fund Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.0M |
| Total Expenses | $11.5M |
| Surplus / Deficit | +$26.4M |
| Total Assets | $353.9M |
| Total Liabilities | $223.2M |
| Net Assets | $130.7M |
| Operating Margin | 69.6% |
| Debt-to-Asset Ratio | 63.1% |
| Months of Reserves | 367.9 months |
Financial Health Grade: A
In 2023, Bluehub Loan Fund Inc reported a surplus of $26.4M with revenue exceeding expenses, holds 367.9 months of operating reserves (strong position), has a debt-to-asset ratio of 63.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bluehub Loan Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +72.0% | +18.6% | +22.0% |
| 2022 | +15.3% | -4.6% | +4.1% |
| 2021 | -15.9% | -7.1% | +2.4% |
| 2020 | +12.1% | +15.3% | +6.5% |
| 2019 | +32.4% | +44.8% | +17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Bluehub Loan Fund Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Bluehub Loan Fund Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $26.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.1%.
Executive Compensation Analysis
Executive compensation details are not explicitly disclosed in the provided financial data, making a direct assessment challenging without further investigation into their IRS Form 990 filings.
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 Bluehub Loan Fund Inc's IRS 990 filings:
- Lack of detailed program impact reporting beyond financial figures.
- Absence of easily accessible information on board governance and specific executive compensation figures.
Strengths
The following positive indicators were identified for Bluehub Loan Fund Inc:
- Consistent and significant revenue growth, from $10.6M in 2016 to $39.5M in 2023, indicating strong financial health and fundraising capabilities.
- Substantial asset growth, from $134.7M in 2016 to $494.6M in 2023, demonstrating increasing capacity to fulfill its mission.
- High proportion of expenses dedicated to programs, suggesting efficient use of funds for its core mission.
- Low administrative and fundraising costs relative to total expenses, indicating operational efficiency.
Frequently Asked Questions about Bluehub Loan Fund Inc
Is Bluehub Loan Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bluehub Loan Fund Inc (EIN: 222593378) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Bluehub Loan Fund Inc spend its money?
Bluehub Loan Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bluehub Loan Fund Inc tax-deductible?
Bluehub Loan Fund Inc is registered as a tax-exempt nonprofit (EIN: 222593378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bluehub Loan Fund Inc's spending goes to programs?
Bluehub Loan Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bluehub Loan Fund Inc located?
Bluehub Loan Fund Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222593378.
How many years of IRS 990 filings does Bluehub Loan Fund Inc have?
Bluehub Loan Fund Inc has 13 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 $39.5M in total revenue.
What does Bluehub Loan Fund Inc do?
Bluehub Loan Fund Inc is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Bluehub Loan Fund Inc have?
Bluehub Loan Fund Inc reported total revenue of $39,501,886. Based on 13 IRS 990 filings on record.
What are Bluehub Loan Fund Inc's total assets?
Bluehub Loan Fund Inc holds total assets of $494,617,792 as reported in IRS 990 filings.
Where is Bluehub Loan Fund Inc located?
Bluehub Loan Fund Inc is based in Boston, Massachusetts.
What is Bluehub Loan Fund Inc's EIN?
Bluehub Loan Fund Inc's Employer Identification Number (EIN) is 222593378. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bluehub Loan Fund Inc?
Bluehub Loan Fund Inc is classified under NTEE code Unknown (Unknown).
Is Bluehub Loan Fund Inc a registered 501(c)(3)?
Bluehub Loan Fund Inc appears in IRS records (EIN: 222593378). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bluehub Loan Fund Inc file IRS Form 990?
Yes, Bluehub Loan Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bluehub Loan Fund Inc's revenue in 2023?
In the 202312 filing period, Bluehub Loan Fund Inc reported total revenue of $37,956,959, total expenses of $11,542,813, and net assets of $353,897,293.
Is Bluehub Loan Fund Inc's revenue growing or declining?
Bluehub Loan Fund Inc's revenue is growing. Revenue went from $22,068,331 (202212) to $37,956,959 (202312), a +72.0% change. Based on 13 filings on record.
What is Bluehub Loan Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bluehub Loan Fund Inc covers tax period 202312. It shows revenue of $37,956,959, expenses of $11,542,813, total assets of $353,897,293, and liabilities of $223,157,664.
How much does Bluehub Loan Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Bluehub Loan Fund Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Bluehub Loan Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bluehub Loan Fund Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Bluehub Loan Fund Inc?
The following concerns were identified: Lack of detailed program impact reporting beyond financial figures.. Absence of easily accessible information on board governance and specific executive compensation figures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bluehub Loan Fund Inc's strengths?
Positive indicators for Bluehub Loan Fund Inc include: Consistent and significant revenue growth, from $10.6M in 2016 to $39.5M in 2023, indicating strong financial health and fundraising capabilities.. Substantial asset growth, from $134.7M in 2016 to $494.6M in 2023, demonstrating increasing capacity to fulfill its mission.. High proportion of expenses dedicated to programs, suggesting efficient use of funds for its core mission.. Low administrative and fundraising costs relative to total expenses, indicating operational efficiency.. These findings are derived from AI analysis of the organization's financial filings.
How does Bluehub Loan Fund Inc compensate executives?
Executive compensation details are not explicitly disclosed in the provided financial data, making a direct assessment challenging without further investigation into their IRS Form 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial growth in assets and revenue, how does Bluehub Loan Fund ensure its lending practices remain aligned with its mission to serve underserved communities, particularly as its scale increases?
While the financial data shows significant growth, the absence of detailed program reporting makes it difficult to ascertain how their lending practices are evolving to meet the needs of their target demographic at this larger scale. Further qualitative data on loan recipients and impact would be necessary.
With total expenses of $11,542,813 in 2023, and a high program spending percentage, what specific types of programs or initiatives are driving this expenditure, and what are their measurable outcomes?
The provided data indicates a strong commitment to program spending, but without a breakdown of program types or specific outcome metrics, it's challenging to understand the exact nature and effectiveness of the initiatives funded by these expenditures. This information is crucial for a comprehensive impact assessment.
Filing History
IRS 990 filing history for Bluehub Loan Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bluehub Loan Fund Inc's revenue has grown by 522.7%, moving from $6.1M to $38.0M. Total assets increased by 216.1% over the same period, from $112.0M to $353.9M. Total functional expenses rose by 107.6%, from $5.6M to $11.5M. In its most recent filing year (2023), Bluehub Loan Fund Inc reported a surplus of $26.4M, with revenue exceeding expenses. The organization holds $223.2M in liabilities against $353.9M in assets (debt-to-asset ratio: 63.1%), resulting in net assets of $130.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.0M | $11.5M | $353.9M | $223.2M | — | View 990 |
| 2022 | $22.1M | $9.7M | $290.0M | $185.7M | — | View 990 |
| 2021 | $19.1M | $10.2M | $278.4M | $186.5M | — | View 990 |
| 2020 | $22.8M | $11.0M | $271.8M | $188.8M | — | View 990 |
| 2019 | $20.3M | $9.5M | $255.2M | $183.9M | — | View 990 |
| 2018 | $15.3M | $6.6M | $216.5M | $156.0M | — | View 990 |
| 2017 | $18.8M | $5.5M | $168.8M | $117.1M | — | View 990 |
| 2016 | $10.6M | $4.9M | $134.8M | $96.3M | — | View 990 |
| 2015 | $8.7M | $5.0M | $118.3M | $85.5M | — | View 990 |
| 2014 | $11.3M | $5.1M | $119.5M | $90.4M | — | View 990 |
| 2013 | $9.7M | $5.1M | $117.7M | $94.7M | — | View 990 |
| 2012 | $9.0M | $5.3M | $110.0M | $91.6M | — | View 990 |
| 2011 | $6.1M | $5.6M | $112.0M | $97.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.0M, expenses of $11.5M, and assets of $353.9M (revenue +72.0% year-over-year).
- 2022: Revenue of $22.1M, expenses of $9.7M, and assets of $290.0M (revenue +15.3% year-over-year).
- 2021: Revenue of $19.1M, expenses of $10.2M, and assets of $278.4M (revenue -15.9% year-over-year).
- 2020: Revenue of $22.8M, expenses of $11.0M, and assets of $271.8M (revenue +12.1% year-over-year).
- 2019: Revenue of $20.3M, expenses of $9.5M, and assets of $255.2M (revenue +32.4% year-over-year).
- 2018: Revenue of $15.3M, expenses of $6.6M, and assets of $216.5M (revenue -18.3% year-over-year).
- 2017: Revenue of $18.8M, expenses of $5.5M, and assets of $168.8M (revenue +76.8% year-over-year).
- 2016: Revenue of $10.6M, expenses of $4.9M, and assets of $134.8M (revenue +22.1% year-over-year).
- 2015: Revenue of $8.7M, expenses of $5.0M, and assets of $118.3M (revenue -23.0% year-over-year).
- 2014: Revenue of $11.3M, expenses of $5.1M, and assets of $119.5M (revenue +16.5% year-over-year).
- 2013: Revenue of $9.7M, expenses of $5.1M, and assets of $117.7M (revenue +7.4% year-over-year).
- 2012: Revenue of $9.0M, expenses of $5.3M, and assets of $110.0M (revenue +47.8% year-over-year).
- 2011: Revenue of $6.1M, expenses of $5.6M, and assets of $112.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bluehub Loan Fund Inc:
Data Sources and Methodology
This transparency report for Bluehub Loan Fund 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.