Boothby Institute
Boothby Institute shows volatile finances with recent positive net income after years of deficits and fluctuating assets.
EIN: 208773958 · Bath, ME · NTEE: B99 · Updated: 2026-03-28
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 →
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.
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.
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
Is Boothby Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Boothby Institute (EIN: 208773958) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Boothby Institute spend its money?
Boothby Institute directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boothby Institute tax-deductible?
Boothby Institute is registered as a tax-exempt nonprofit (EIN: 208773958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Boothby Institute financially stable?
Boothby Institute's financial stability is questionable given its history of volatile revenues, expenses, and assets. While 2023 showed a positive net income of $6,552, previous years like 2022 and 2021 reported significant operating deficits, and assets have swung from negative values to positive, suggesting an inconsistent financial foundation.
How does Boothby Institute manage its liabilities?
Boothby Institute has shown improvement in managing liabilities, reporting $0 in liabilities in 2023, down from $773 in 2022. Most years show $0 liabilities, indicating a generally low debt burden.
What is the trend in Boothby Institute's revenue?
Boothby Institute's revenue has been highly inconsistent, ranging from a low of $21,329 in 2017 to a high of $139,836 in 2021. The latest revenue of $31,030 in 2023 is significantly lower than its peak, indicating no clear upward trend.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $24K | $7K | $0 | — | View 990 |
| 2022 | $39K | $43K | $1 | $773 | — | View 990 |
| 2021 | $140K | $157K | $4K | $0 | — | — |
| 2020 | $98K | $83K | $20K | $0 | — | — |
| 2019 | $61K | $48K | $6K | $0 | — | View 990 |
| 2018 | $45K | $31K | $-7,152 | $0 | — | View 990 |
| 2017 | $21K | $41K | $-21,522 | $0 | — | View 990 |
| 2016 | $114K | $115K | $-2,131 | $0 | — | View 990 |
| 2015 | $100K | $101K | $-763 | $0 | — | View 990 |
| 2014 | $135K | $129K | $4K | $0 | — | View 990 |
| 2013 | $154K | $152K | $2K | $0 | — | View 990 |
| 2012 | $106K | $106K | $538 | $0 | — | View 990 |
| 2011 | $102K | $102K | $-535 | $0 | — | View 990 |
| 2010 | $114K | $114K | $-440 | $0 | — | View 990 |
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.
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.