Boston Life Inc
EIN: 562505732 · Cambridge, MA
| Metric | Value |
|---|---|
| Total Expenses | $497K |
| Net Assets | $43K |
Is Boston Life Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boston Life Inc
Boston Life Inc (EIN: 562505732) is a nonprofit organization based in Cambridge, MA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Life Inc is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $490K |
| Total Expenses | $497K |
| Surplus / Deficit | $-7,168 |
| Total Assets | $43K |
| Net Assets | $43K |
| Operating Margin | -1.5% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2014, Boston Life Inc reported a deficit of $7K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2011–2014), Boston Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +5.9% | +9.8% | -14.2% |
| 2013 | +22.4% | +24.4% | +25.6% |
| 2012 | +16.1% | +26.3% | +17.1% |
AI Analysis Pending
AI enrichment for Boston Life Inc 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 Life Inc 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Frequently Asked Questions about Boston Life Inc
Is Boston Life Inc a legitimate charity?
Boston Life Inc (EIN: 562505732) is a registered tax-exempt nonprofit based in Massachusetts. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Boston Life Inc spend its money?
Boston Life Inc reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Boston Life Inc tax-deductible?
Boston Life Inc is registered as a tax-exempt nonprofit (EIN: 562505732). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boston Life Inc located?
Boston Life Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 562505732.
How many years of IRS 990 filings does Boston Life Inc have?
Boston Life Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Boston Life Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Boston Life Inc's revenue has grown by 50.4%, moving from $325K to $490K. Total assets increased by 26.2% over the same period, from $34K to $43K. Total functional expenses rose by 72.5%, from $288K to $497K. In its most recent filing year (2014), Boston Life Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $490K | $497K | $43K | $0 | — | View 990 |
| 2013 | $463K | $452K | $50K | $0 | — | View 990 |
| 2012 | $378K | $364K | $40K | $0 | — | View 990 |
| 2011 | $325K | $288K | $34K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $490K, expenses of $497K, and assets of $43K (revenue +5.9% year-over-year).
- 2013: Revenue of $463K, expenses of $452K, and assets of $50K (revenue +22.4% year-over-year).
- 2012: Revenue of $378K, expenses of $364K, and assets of $40K (revenue +16.1% year-over-year).
- 2011: Revenue of $325K, expenses of $288K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Life Inc:
Data Sources and Methodology
This transparency report for Boston Life 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.