Boston Project Ministries Inc
EIN: 43395307 · Dorchester, MA · NTEE: S200
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $861K |
| Net Assets | $539K |
Is Boston Project Ministries 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 Project Ministries Inc
Boston Project Ministries Inc (EIN: 43395307) is a nonprofit organization based in Dorchester, MA, classified under NTEE code S200. The organization reported total revenue of $1.1M and total assets of $557K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Project Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Project Ministries Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $815K |
| Total Expenses | $861K |
| Surplus / Deficit | $-46,027 |
| Total Assets | $627K |
| Total Liabilities | $88K |
| Net Assets | $539K |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 14.0% |
| Months of Reserves | 8.7 months |
Financial Health Grade: B
In 2023, Boston Project Ministries Inc reported a deficit of $46K with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 14.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boston Project Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.6% | +18.9% | -5.9% |
| 2022 | +18.1% | +52.7% | +33.4% |
| 2021 | +54.7% | +28.3% | +113.1% |
| 2020 | +6.8% | -6.3% | +172.2% |
| 2019 | +5.4% | -10.1% | +25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boston Project Ministries 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 Project Ministries 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.0%.
Frequently Asked Questions about Boston Project Ministries Inc
Is Boston Project Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boston Project Ministries Inc (EIN: 43395307) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boston Project Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Boston Project Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Boston Project Ministries Inc tax-deductible?
Boston Project Ministries Inc is registered as a tax-exempt nonprofit (EIN: 43395307). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boston Project Ministries Inc located?
Boston Project Ministries Inc is headquartered in Dorchester, Massachusetts and files with the IRS under EIN 43395307. It is classified under NTEE code S200.
How many years of IRS 990 filings does Boston Project Ministries Inc have?
Boston Project Ministries Inc has 13 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Boston Project Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boston Project Ministries Inc's revenue has grown by 107%, moving from $394K to $815K. Total assets increased by 1705.8% over the same period, from $35K to $627K. Total functional expenses rose by 134.4%, from $367K to $861K. In its most recent filing year (2023), Boston Project Ministries Inc reported a deficit of $46K, with expenses exceeding revenue. The organization holds $88K in liabilities against $627K in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $539K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $815K | $861K | $627K | $88K | — | — |
| 2022 | $864K | $724K | $666K | $54K | — | View 990 |
| 2021 | $731K | $474K | $500K | $23K | — | View 990 |
| 2020 | $473K | $369K | $234K | $71K | — | View 990 |
| 2019 | $443K | $394K | $86K | $26K | — | View 990 |
| 2018 | $420K | $439K | $69K | $32K | — | View 990 |
| 2017 | $367K | $451K | $170K | $25K | — | View 990 |
| 2016 | $397K | $335K | $240K | $15K | — | View 990 |
| 2015 | $418K | $433K | $215K | $52K | — | View 990 |
| 2014 | $524K | $594K | $210K | $32K | — | View 990 |
| 2013 | $665K | $544K | $262K | $14K | — | View 990 |
| 2012 | $476K | $429K | $143K | $15K | — | View 990 |
| 2011 | $394K | $367K | $35K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $815K, expenses of $861K, and assets of $627K (revenue -5.6% year-over-year).
- 2022: Revenue of $864K, expenses of $724K, and assets of $666K (revenue +18.1% year-over-year).
- 2021: Revenue of $731K, expenses of $474K, and assets of $500K (revenue +54.7% year-over-year).
- 2020: Revenue of $473K, expenses of $369K, and assets of $234K (revenue +6.8% year-over-year).
- 2019: Revenue of $443K, expenses of $394K, and assets of $86K (revenue +5.4% year-over-year).
- 2018: Revenue of $420K, expenses of $439K, and assets of $69K (revenue +14.3% year-over-year).
- 2017: Revenue of $367K, expenses of $451K, and assets of $170K (revenue -7.5% year-over-year).
- 2016: Revenue of $397K, expenses of $335K, and assets of $240K (revenue -5.0% year-over-year).
- 2015: Revenue of $418K, expenses of $433K, and assets of $215K (revenue -20.3% year-over-year).
- 2014: Revenue of $524K, expenses of $594K, and assets of $210K (revenue -21.1% year-over-year).
- 2013: Revenue of $665K, expenses of $544K, and assets of $262K (revenue +39.6% year-over-year).
- 2012: Revenue of $476K, expenses of $429K, and assets of $143K (revenue +20.9% year-over-year).
- 2011: Revenue of $394K, expenses of $367K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Project Ministries Inc:
Data Sources and Methodology
This transparency report for Boston Project Ministries 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.