Boston Art Review Inc
Boston Art Review Inc. shows strong financial growth with zero executive compensation.
EIN: 204195783 · Boston, MA · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $369K |
| Total Expenses | $150K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $238,489, |
| Net Assets | $145K |
| Transparency Score | 92/100 |
Is Boston Art Review Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boston Art Review Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boston Art Review Inc
Boston Art Review Inc (EIN: 204195783) is a nonprofit organization based in Boston, MA, classified under NTEE code A20. The organization reported total revenue of $369K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Art Review Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Art Review Inc is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 30.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $150K |
| Surplus / Deficit | +$88K |
| Total Assets | $146K |
| Total Liabilities | $2K |
| Net Assets | $145K |
| Operating Margin | 37.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Boston Art Review Inc reported a surplus of $88K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Boston Art Review Inc's revenue has grown at a compound annual growth rate (CAGR) of 30.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +136.6% | +205.8% | +144.6% |
| 2022 | +2919.5% | +704.0% | +762.5% |
| 2018 | -61.9% | -8.5% | -28.6% |
| 2017 | +83.8% | -1.4% | +27.2% |
| 2016 | -51.1% | -31.7% | -20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Boston Art Review Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Boston Art Review Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $88K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable for an organization of its size, with recent revenues of $238,489, as it maximizes the allocation of funds directly to its mission.
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.
Strengths
The following positive indicators were identified for Boston Art Review Inc:
- Strong revenue growth, particularly from $100,790 in 2022 to $238,489 in 2023.
- Consistent 0% officer compensation across all filings, indicating efficient use of funds.
- Healthy asset growth, from $59,773 in 2022 to $146,175 in 2023.
- Positive net income in recent years, with revenue exceeding expenses ($238,489 revenue vs. $150,209 expenses in 2023).
- Consistent IRS 990 filing history demonstrating transparency and compliance.
Frequently Asked Questions about Boston Art Review Inc
Is Boston Art Review Inc a legitimate charity?
Boston Art Review Inc (EIN: 204195783) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $369K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Boston Art Review Inc spend its money?
Boston Art Review Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Boston Art Review Inc tax-deductible?
Boston Art Review Inc is registered as a tax-exempt nonprofit (EIN: 204195783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boston Art Review Inc CEO make?
Boston Art Review Inc's highest-compensated officer earns $238,489, annually. The organization reported $369K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Boston Art Review Inc's spending goes to programs?
Boston Art Review Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boston Art Review Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Boston Art Review Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boston Art Review Inc located?
Boston Art Review Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 204195783. It is classified under NTEE code A20.
How many years of IRS 990 filings does Boston Art Review Inc have?
Boston Art Review Inc 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 $369K in total revenue.
Is Boston Art Review Inc. a good charity?
Based on the provided financial data, Boston Art Review Inc. appears to be a good charity. It demonstrates strong financial health with increasing revenues and assets, and notably, reports 0% officer compensation, meaning funds are not diverted to executive salaries. This indicates a high level of financial efficiency and dedication to its mission.
How has Boston Art Review Inc.'s financial health changed over time?
Boston Art Review Inc. has shown significant financial growth, especially in recent years. Revenue surged from $100,790 in 2022 to $238,489 in 2023, and assets increased from $59,773 to $146,175 in the same period. This marks a substantial improvement from earlier years where revenues were much lower, sometimes even below expenses.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% officer compensation reported in all available filings. This means that no officers are paid salaries, which is a strong indicator of financial prudence and a focus on mission-related spending.
Filing History
IRS 990 filing history for Boston Art Review Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Boston Art Review Inc's revenue has grown by 3144.3%, moving from $7K to $238K. Total assets increased by 9157.4% over the same period, from $2K to $146K. Total functional expenses rose by 1405.7%, from $10K to $150K. In its most recent filing year (2023), Boston Art Review Inc reported a surplus of $88K, with revenue exceeding expenses. The organization holds $2K in liabilities against $146K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $150K | $146K | $2K | — | — |
| 2022 | $101K | $49K | $60K | $3K | — | View 990 |
| 2018 | $3K | $6K | $7K | $0 | — | View 990 |
| 2017 | $9K | $7K | $10K | $0 | — | View 990 |
| 2016 | $5K | $7K | $8K | $0 | — | View 990 |
| 2015 | $10K | $10K | $10K | $0 | — | View 990 |
| 2014 | $13K | $15K | $10K | $0 | — | View 990 |
| 2013 | $19K | $11K | $12K | $0 | — | View 990 |
| 2012 | $12K | $8K | $5K | $0 | — | View 990 |
| 2011 | $0 | $936 | $643 | $0 | — | View 990 |
| 2010 | $7K | $10K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $238K, expenses of $150K, and assets of $146K (revenue +136.6% year-over-year).
- 2022: Revenue of $101K, expenses of $49K, and assets of $60K (revenue +2919.5% year-over-year).
- 2018: Revenue of $3K, expenses of $6K, and assets of $7K (revenue -61.9% year-over-year).
- 2017: Revenue of $9K, expenses of $7K, and assets of $10K (revenue +83.8% year-over-year).
- 2016: Revenue of $5K, expenses of $7K, and assets of $8K (revenue -51.1% year-over-year).
- 2015: Revenue of $10K, expenses of $10K, and assets of $10K (revenue -24.2% year-over-year).
- 2014: Revenue of $13K, expenses of $15K, and assets of $10K (revenue -30.5% year-over-year).
- 2013: Revenue of $19K, expenses of $11K, and assets of $12K (revenue +52.7% year-over-year).
- 2012: Revenue of $12K, expenses of $8K, and assets of $5K.
- 2011: Revenue of $0, expenses of $936, and assets of $643 (revenue -100.0% year-over-year).
- 2010: Revenue of $7K, expenses of $10K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Art Review Inc:
Data Sources and Methodology
This transparency report for Boston Art Review 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.