Boothbay Region Health And Wellness Foundation
EIN: 462589867 · Boothbay Hbr, ME · NTEE: E12
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $65K |
| Net Assets | $120K |
Is Boothbay Region Health And Wellness Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boothbay Region Health And Wellness Foundation
Boothbay Region Health And Wellness Foundation (EIN: 462589867) is a nonprofit organization based in Boothbay Hbr, ME, classified under NTEE code E12. The organization reported total revenue of $77K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Region Health And Wellness Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boothbay Region Health And Wellness Foundation is a micro nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $65K |
| Surplus / Deficit | $-6,340 |
| Total Assets | $125K |
| Total Liabilities | $5K |
| Net Assets | $120K |
| Operating Margin | -10.9% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 23.3 months |
Financial Health Grade: B
In 2023, Boothbay Region Health And Wellness Foundation reported a deficit of $6K with expenses exceeding revenue, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Boothbay Region Health And Wellness Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.4% | +18.9% | -0.8% |
| 2022 | -4.6% | +16.9% | +10.1% |
| 2021 | +39.2% | -7.4% | +29.4% |
| 2020 | -33.7% | -37.1% | +0.5% |
| 2019 | +7.9% | +11.0% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boothbay Region Health And Wellness Foundation 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 Boothbay Region Health And Wellness Foundation 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 deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Frequently Asked Questions about Boothbay Region Health And Wellness Foundation
Is Boothbay Region Health And Wellness Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Boothbay Region Health And Wellness Foundation (EIN: 462589867) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boothbay Region Health And Wellness Foundation spend its money?
Detailed spending breakdown data is not yet available for Boothbay Region Health And Wellness Foundation. Check back for updated IRS 990 analysis.
Are donations to Boothbay Region Health And Wellness Foundation tax-deductible?
Boothbay Region Health And Wellness Foundation is registered as a tax-exempt nonprofit (EIN: 462589867). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boothbay Region Health And Wellness Foundation located?
Boothbay Region Health And Wellness Foundation is headquartered in Boothbay Hbr, Maine and files with the IRS under EIN 462589867. It is classified under NTEE code E12.
How many years of IRS 990 filings does Boothbay Region Health And Wellness Foundation have?
Boothbay Region Health And Wellness Foundation has 11 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 $77K in total revenue.
Filing History
IRS 990 filing history for Boothbay Region Health And Wellness Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Boothbay Region Health And Wellness Foundation's revenue has declined by 29.7%, moving from $83K to $58K. Total assets increased by 865% over the same period, from $13K to $125K. Total functional expenses fell by 7.6%, from $70K to $65K. In its most recent filing year (2023), Boothbay Region Health And Wellness Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $5K in liabilities against $125K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $120K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $65K | $125K | $5K | — | — |
| 2022 | $68K | $54K | $126K | $0 | — | — |
| 2021 | $71K | $47K | $115K | $2K | — | View 990 |
| 2020 | $51K | $50K | $89K | $972 | — | — |
| 2019 | $77K | $80K | $88K | $2K | — | View 990 |
| 2018 | $72K | $72K | $91K | $2K | — | View 990 |
| 2017 | $102K | $130K | $89K | $0 | — | View 990 |
| 2016 | $64K | $55K | $117K | $0 | — | View 990 |
| 2015 | $36K | $35K | $108K | $0 | — | View 990 |
| 2014 | $119K | $24K | $108K | $0 | — | View 990 |
| 2013 | $83K | $70K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $65K, and assets of $125K (revenue -14.4% year-over-year).
- 2022: Revenue of $68K, expenses of $54K, and assets of $126K (revenue -4.6% year-over-year).
- 2021: Revenue of $71K, expenses of $47K, and assets of $115K (revenue +39.2% year-over-year).
- 2020: Revenue of $51K, expenses of $50K, and assets of $89K (revenue -33.7% year-over-year).
- 2019: Revenue of $77K, expenses of $80K, and assets of $88K (revenue +7.9% year-over-year).
- 2018: Revenue of $72K, expenses of $72K, and assets of $91K (revenue -29.7% year-over-year).
- 2017: Revenue of $102K, expenses of $130K, and assets of $89K (revenue +58.3% year-over-year).
- 2016: Revenue of $64K, expenses of $55K, and assets of $117K (revenue +80.8% year-over-year).
- 2015: Revenue of $36K, expenses of $35K, and assets of $108K (revenue -70.0% year-over-year).
- 2014: Revenue of $119K, expenses of $24K, and assets of $108K (revenue +43.2% year-over-year).
- 2013: Revenue of $83K, expenses of $70K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boothbay Region Health And Wellness Foundation:
Data Sources and Methodology
This transparency report for Boothbay Region Health And Wellness Foundation 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.