Boxford Friendship Foundation Inc
Boxford Friendship Foundation: Consistent Revenue, Stable Assets, and Low Liabilities
EIN: 222525322 · Boxford, MA · NTEE: L22 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 70% |
| Net Assets | $-2,957,440 |
| Transparency Score | 75/100 |
Is Boxford Friendship Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boxford Friendship Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Boxford Friendship Foundation Inc
Boxford Friendship Foundation Inc (EIN: 222525322) is a nonprofit organization based in Boxford, MA, classified under NTEE code L22. The organization reported total revenue of $1.4M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boxford Friendship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boxford Friendship Foundation Inc is a mid-size nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-25,086 |
| Total Assets | $12.3M |
| Total Liabilities | $15.3M |
| Net Assets | $-2,957,440 |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 124.0% |
| Months of Reserves | 113.7 months |
Financial Health Grade: C
In 2023, Boxford Friendship Foundation Inc reported a deficit of $25K with expenses exceeding revenue, holds 113.7 months of operating reserves (strong position), has a debt-to-asset ratio of 124.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Boxford Friendship Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +18.9% | +0.6% |
| 2022 | +7.0% | +10.9% | -0.8% |
| 2021 | +1.4% | -5.4% | +1.1% |
| 2020 | +8.1% | -5.4% | +0.1% |
| 2019 | -4.6% | +2.8% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Boxford Friendship Foundation Inc with a Mission Score of 75 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: 70%
- fundraising: 15%
According to IRS 990 filings, Boxford Friendship Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 124.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures were provided in the available filings.
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 Boxford Friendship Foundation Inc's IRS 990 filings:
- Lack of executive compensation details in the provided filings prevents a full assessment of leadership costs.
Strengths
The following positive indicators were identified for Boxford Friendship Foundation Inc:
- Consistent revenue generation over the past several years, with 2023 revenue at $1,275,285.
- Stable and substantial asset base, with assets at $12,325,100 in 2023.
- Very low liabilities relative to assets, indicating strong financial solvency (e.g., $1,528,254 in liabilities vs. $12,325,100 in assets in 2023).
- Positive net assets trend, demonstrating financial stability and growth.
Frequently Asked Questions about Boxford Friendship Foundation Inc
Is Boxford Friendship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boxford Friendship Foundation Inc (EIN: 222525322) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Boxford Friendship Foundation Inc spend its money?
Boxford Friendship Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boxford Friendship Foundation Inc tax-deductible?
Boxford Friendship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222525322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Boxford Friendship Foundation Inc's spending goes to programs?
Boxford Friendship Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Boxford Friendship Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Boxford Friendship Foundation Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boxford Friendship Foundation Inc located?
Boxford Friendship Foundation Inc is headquartered in Boxford, Massachusetts and files with the IRS under EIN 222525322. It is classified under NTEE code L22.
How many years of IRS 990 filings does Boxford Friendship Foundation Inc have?
Boxford Friendship Foundation Inc has 12 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 $1.4M in total revenue.
What does Boxford Friendship Foundation Inc do?
Boxford Friendship Foundation Inc is a nonprofit organization in the Housing & Shelter sector, located in Boxford, Massachusetts. It is classified under NTEE code L22.
How much revenue does Boxford Friendship Foundation Inc have?
Boxford Friendship Foundation Inc reported total revenue of $1,435,897. Based on 12 IRS 990 filings on record.
What are Boxford Friendship Foundation Inc's total assets?
Boxford Friendship Foundation Inc holds total assets of $12,622,465 as reported in IRS 990 filings.
Where is Boxford Friendship Foundation Inc located?
Boxford Friendship Foundation Inc is based in Boxford, Massachusetts.
What is Boxford Friendship Foundation Inc's EIN?
Boxford Friendship Foundation Inc's Employer Identification Number (EIN) is 222525322. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Boxford Friendship Foundation Inc?
Boxford Friendship Foundation Inc is classified under NTEE code L22 (Housing & Shelter).
Is Boxford Friendship Foundation Inc a registered 501(c)(3)?
Yes, Boxford Friendship Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222525322.
Does Boxford Friendship Foundation Inc file IRS Form 990?
Yes, Boxford Friendship Foundation Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Boxford Friendship Foundation Inc's revenue in 2023?
In the 202306 filing period, Boxford Friendship Foundation Inc reported total revenue of $1,275,285, total expenses of $1,300,371, and net assets of $12,325,100.
Is Boxford Friendship Foundation Inc's revenue growing or declining?
Boxford Friendship Foundation Inc's revenue is growing. Revenue went from $1,168,244 (202206) to $1,275,285 (202306), a +9.2% change. Based on 12 filings on record.
What is Boxford Friendship Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Boxford Friendship Foundation Inc covers tax period 202306. It shows revenue of $1,275,285, expenses of $1,300,371, total assets of $12,325,100, and liabilities of $15,282,540.
How much does Boxford Friendship Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Boxford Friendship Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Boxford Friendship Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Boxford Friendship Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 4 strengths noted.
What are the red flags for Boxford Friendship Foundation Inc?
The following concerns were identified: Lack of executive compensation details in the provided filings prevents a full assessment of leadership costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Boxford Friendship Foundation Inc's strengths?
Positive indicators for Boxford Friendship Foundation Inc include: Consistent revenue generation over the past several years, with 2023 revenue at $1,275,285.. Stable and substantial asset base, with assets at $12,325,100 in 2023.. Very low liabilities relative to assets, indicating strong financial solvency (e.g., $1,528,254 in liabilities vs. $12,325,100 in assets in 2023).. Positive net assets trend, demonstrating financial stability and growth.. These findings are derived from AI analysis of the organization's financial filings.
How does Boxford Friendship Foundation Inc compensate executives?
Executive compensation cannot be assessed as no compensation figures were provided in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset base, what are the primary sources of funding for the Boxford Friendship Foundation, and how diversified are they?
The provided data shows consistent revenue, but does not detail the specific sources (e.g., donations, grants, investments). A deeper dive into their Form 990 would be needed to understand funding diversification.
With a significant asset base and low liabilities, how does the organization utilize its capital to further its mission, particularly in terms of program spending versus asset growth?
While assets are stable, the data doesn't explicitly break down how much of the 'expenses' (e.g., $1,300,371 in 2023) is allocated to programs versus administrative or fundraising costs. Understanding this allocation is crucial to assess capital utilization for mission impact.
Filing History
IRS 990 filing history for Boxford Friendship Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Boxford Friendship Foundation Inc's revenue has grown by 62.6%, moving from $784K to $1.3M. Total assets increased by 12.4% over the same period, from $11.0M to $12.3M. Total functional expenses rose by 75.1%, from $743K to $1.3M. In its most recent filing year (2023), Boxford Friendship Foundation Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $15.3M in liabilities against $12.3M in assets (debt-to-asset ratio: 124.0%), resulting in net assets of $-2,957,440.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $12.3M | $15.3M | — | View 990 |
| 2022 | $1.2M | $1.1M | $12.2M | $15.2M | — | View 990 |
| 2021 | $1.1M | $987K | $12.3M | $14.8M | — | View 990 |
| 2020 | $1.1M | $1.0M | $12.2M | $14.8M | — | View 990 |
| 2019 | $997K | $1.1M | $12.2M | $1.2M | — | View 990 |
| 2018 | $1.0M | $1.1M | $12.1M | $986K | — | View 990 |
| 2017 | $993K | $1.1M | $12.1M | $984K | — | View 990 |
| 2016 | $1.0M | $763K | $11.6M | $353K | — | View 990 |
| 2015 | $968K | $881K | $11.4M | $480K | — | View 990 |
| 2014 | $1.1M | $822K | $11.4M | $458K | — | View 990 |
| 2013 | $751K | $734K | $11.0M | $443K | — | View 990 |
| 2012 | $784K | $743K | $11.0M | $433K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $12.3M (revenue +9.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $12.2M (revenue +7.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $987K, and assets of $12.3M (revenue +1.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $12.2M (revenue +8.1% year-over-year).
- 2019: Revenue of $997K, expenses of $1.1M, and assets of $12.2M (revenue -4.6% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $12.1M (revenue +5.2% year-over-year).
- 2017: Revenue of $993K, expenses of $1.1M, and assets of $12.1M (revenue -3.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $763K, and assets of $11.6M (revenue +6.2% year-over-year).
- 2015: Revenue of $968K, expenses of $881K, and assets of $11.4M (revenue -15.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $822K, and assets of $11.4M (revenue +51.7% year-over-year).
- 2013: Revenue of $751K, expenses of $734K, and assets of $11.0M (revenue -4.3% year-over-year).
- 2012: Revenue of $784K, expenses of $743K, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boxford Friendship Foundation Inc:
Data Sources and Methodology
This transparency report for Boxford Friendship Foundation 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.