Boothby Institute

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Boothby Institute Form 990, Revenue, CEO Pay, and IRS Filing Signals

Boothby Institute is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Boothby Institute in one place.

Is Boothby Institute Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Boothby Institute shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Boothby Institute directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Boothby Institute

Boothby Institute (EIN: 208773958) is a nonprofit organization based in Bath, ME, classified under NTEE code B99. The organization reported total revenue of $31K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothby Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Boothby Institute is a micro nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -9.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Boothby Institute reported a surplus of $7K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate).

Financial Trends

Over 14 years of filings (2010–2023), Boothby Institute's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.

IRS Tax-Exempt Classification

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 Boothby Institute with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Boothby Institute allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $7K, with revenue exceeding expenses.

Executive Compensation Analysis

Boothby Institute consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is used for executive salaries, which is highly favorable for donor trust and resource allocation.

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 Boothby Institute's IRS 990 filings:

• Highly volatile financial performance with significant year-over-year swings in revenue and expenses.
• History of negative assets in multiple years (e.g., -$21,522 in 2017, -$7,152 in 2018), indicating periods of severe financial distress.
• Inconsistent operating results, with several years reporting expenses exceeding revenue (e.g., 2022, 2021, 2017).

Strengths

The following positive indicators were identified for Boothby Institute:

• Consistent reporting of 0% officer compensation, indicating efficient use of funds not allocated to executive salaries.
• Long history of IRS 990 filings (14 filings), demonstrating commitment to transparency.
• Positive net income in the latest filing (2023), showing a recent improvement in financial operations.

Frequently Asked Questions about Boothby Institute

Filing History

IRS 990 filing history for Boothby Institute showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Boothby Institute's revenue has declined by 72.7%, moving from $114K to $31K. Total functional expenses fell by 78.6%, from $114K to $24K. In its most recent filing year (2023), Boothby Institute reported a surplus of $7K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $31K, expenses of $24K, and assets of $7K (revenue -19.4% year-over-year).
• 2022: Revenue of $39K, expenses of $43K, and assets of $1 (revenue -72.5% year-over-year).
• 2021: Revenue of $140K, expenses of $157K, and assets of $4K (revenue +42.7% year-over-year).
• 2020: Revenue of $98K, expenses of $83K, and assets of $20K (revenue +60.5% year-over-year).
• 2019: Revenue of $61K, expenses of $48K, and assets of $6K (revenue +34.2% year-over-year).
• 2018: Revenue of $45K, expenses of $31K, and assets of $-7,152 (revenue +113.3% year-over-year).
• 2017: Revenue of $21K, expenses of $41K, and assets of $-21,522 (revenue -81.3% year-over-year).
• 2016: Revenue of $114K, expenses of $115K, and assets of $-2,131 (revenue +13.6% year-over-year).
• 2015: Revenue of $100K, expenses of $101K, and assets of $-763 (revenue -25.9% year-over-year).
• 2014: Revenue of $135K, expenses of $129K, and assets of $4K (revenue -12.4% year-over-year).
• 2013: Revenue of $154K, expenses of $152K, and assets of $2K (revenue +45.4% year-over-year).
• 2012: Revenue of $106K, expenses of $106K, and assets of $538 (revenue +4.6% year-over-year).
• 2011: Revenue of $102K, expenses of $102K, and assets of $-535 (revenue -10.7% year-over-year).
• 2010: Revenue of $114K, expenses of $114K, and assets of $-440.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Boothby Institute:

Data Sources and Methodology

This transparency report for Boothby Institute 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.