Boston Islamic Seminary
EIN: 815432436 · Chelsea, MA · NTEE: X40
| Metric | Value |
|---|---|
| Total Revenue | $647K |
| Total Expenses | $679K |
| Net Assets | $592K |
Is Boston Islamic Seminary Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boston Islamic Seminary
Boston Islamic Seminary (EIN: 815432436) is a nonprofit organization based in Chelsea, MA, classified under NTEE code X40. The organization reported total revenue of $647K and total assets of $603K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Islamic Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Islamic Seminary is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2019–2024). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $679K |
| Surplus / Deficit | $-31,685 |
| Total Assets | $603K |
| Total Liabilities | $11K |
| Net Assets | $592K |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2024, Boston Islamic Seminary reported a deficit of $32K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 6 years of filings (2019–2024), Boston Islamic Seminary's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -13.0% | -20.8% | -14.3% |
| 2023 | +69.9% | +84.6% | -14.3% |
| 2022 | -35.7% | +86.2% | -27.5% |
| 2021 | +135.7% | -3.8% | +205.1% |
| 2020 | -33.5% | -44.4% | +37.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boston Islamic Seminary 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 Boston Islamic Seminary 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Boston Islamic Seminary
Is Boston Islamic Seminary a legitimate charity?
Based on AI analysis of IRS 990 filings, Boston Islamic Seminary (EIN: 815432436) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boston Islamic Seminary spend its money?
Detailed spending breakdown data is not yet available for Boston Islamic Seminary. Check back for updated IRS 990 analysis.
Are donations to Boston Islamic Seminary tax-deductible?
Boston Islamic Seminary is registered as a tax-exempt nonprofit (EIN: 815432436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boston Islamic Seminary located?
Boston Islamic Seminary is headquartered in Chelsea, Massachusetts and files with the IRS under EIN 815432436. It is classified under NTEE code X40.
How many years of IRS 990 filings does Boston Islamic Seminary have?
Boston Islamic Seminary has 6 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 $647K in total revenue.
Filing History
IRS 990 filing history for Boston Islamic Seminary showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2019–2024), Boston Islamic Seminary's revenue has grown by 49%, moving from $434K to $647K. Total assets increased by 123.1% over the same period, from $270K to $603K. Total functional expenses rose by 45.6%, from $466K to $679K. In its most recent filing year (2024), Boston Islamic Seminary reported a deficit of $32K, with expenses exceeding revenue. The organization holds $11K in liabilities against $603K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $592K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $647K | $679K | $603K | $11K | — | — |
| 2023 | $744K | $856K | $704K | $85K | — | View 990 |
| 2022 | $438K | $464K | $821K | $90K | — | View 990 |
| 2021 | $680K | $249K | $1.1M | $360K | — | — |
| 2020 | $289K | $259K | $371K | $44K | — | View 990 |
| 2019 | $434K | $466K | $270K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $647K, expenses of $679K, and assets of $603K (revenue -13.0% year-over-year).
- 2023: Revenue of $744K, expenses of $856K, and assets of $704K (revenue +69.9% year-over-year).
- 2022: Revenue of $438K, expenses of $464K, and assets of $821K (revenue -35.7% year-over-year).
- 2021: Revenue of $680K, expenses of $249K, and assets of $1.1M (revenue +135.7% year-over-year).
- 2020: Revenue of $289K, expenses of $259K, and assets of $371K (revenue -33.5% year-over-year).
- 2019: Revenue of $434K, expenses of $466K, and assets of $270K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Islamic Seminary:
Data Sources and Methodology
This transparency report for Boston Islamic Seminary 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.