Demoulas Market Basket Foundation
EIN: 42723441 · Chelmsford, MA
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.2M |
| Net Assets | $23.7M |
Is Demoulas Market Basket Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Demoulas Market Basket Foundation
Demoulas Market Basket Foundation (EIN: 42723441) is a nonprofit organization based in Chelmsford, MA. The organization reported total revenue of $2.3M and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Demoulas Market Basket Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Demoulas Market Basket Foundation is a mid-size nonprofit that has been operating for 45 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $819K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-426,315 |
| Total Assets | $23.8M |
| Total Liabilities | $21K |
| Net Assets | $23.7M |
| Operating Margin | -52.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 228.9 months |
Financial Health Grade: B
In 2023, Demoulas Market Basket Foundation reported a deficit of $426K with expenses exceeding revenue, holds 228.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Demoulas Market Basket Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +2.6% | +1.6% |
| 2022 | -11.2% | +0.5% | -8.8% |
| 2021 | +41.3% | +5.3% | +1.2% |
| 2020 | -20.3% | -25.3% | +1.0% |
| 2019 | -0.2% | +5.2% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Demoulas Market Basket Foundation 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 Demoulas Market Basket Foundation 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 $426K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Demoulas Market Basket Foundation
Is Demoulas Market Basket Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Demoulas Market Basket Foundation (EIN: 42723441) insufficient data. 0 red flags identified, 0 strengths noted.
How does Demoulas Market Basket Foundation spend its money?
Detailed spending breakdown data is not yet available for Demoulas Market Basket Foundation. Check back for updated IRS 990 analysis.
Are donations to Demoulas Market Basket Foundation tax-deductible?
Demoulas Market Basket Foundation is registered as a tax-exempt nonprofit (EIN: 42723441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Demoulas Market Basket Foundation located?
Demoulas Market Basket Foundation is headquartered in Chelmsford, Massachusetts and files with the IRS under EIN 42723441.
How many years of IRS 990 filings does Demoulas Market Basket Foundation have?
Demoulas Market Basket Foundation has 10 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Demoulas Market Basket Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Demoulas Market Basket Foundation's revenue has grown by 42%, moving from $577K to $819K. Total assets decreased by 25.4% over the same period, from $31.8M to $23.8M. Total functional expenses fell by 28%, from $1.7M to $1.2M. In its most recent filing year (2023), Demoulas Market Basket Foundation reported a deficit of $426K, with expenses exceeding revenue. The organization holds $21K in liabilities against $23.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $23.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $819K | $1.2M | $23.8M | $21K | — | — |
| 2022 | $780K | $1.2M | $23.4M | $828 | — | View 990 |
| 2021 | $879K | $1.2M | $25.6M | $7K | — | View 990 |
| 2020 | $622K | $1.1M | $25.3M | $4K | — | View 990 |
| 2019 | $780K | $1.5M | $25.1M | $9K | — | View 990 |
| 2015 | $782K | $1.5M | $28.1M | $12K | — | View 990 |
| 2014 | $670K | $1.5M | $28.8M | $7K | — | View 990 |
| 2013 | $566K | $1.6M | $29.7M | $2K | — | View 990 |
| 2012 | $611K | $1.7M | $30.7M | $294 | — | View 990 |
| 2011 | $577K | $1.7M | $31.8M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $819K, expenses of $1.2M, and assets of $23.8M (revenue +5.0% year-over-year).
- 2022: Revenue of $780K, expenses of $1.2M, and assets of $23.4M (revenue -11.2% year-over-year).
- 2021: Revenue of $879K, expenses of $1.2M, and assets of $25.6M (revenue +41.3% year-over-year).
- 2020: Revenue of $622K, expenses of $1.1M, and assets of $25.3M (revenue -20.3% year-over-year).
- 2019: Revenue of $780K, expenses of $1.5M, and assets of $25.1M (revenue -0.2% year-over-year).
- 2015: Revenue of $782K, expenses of $1.5M, and assets of $28.1M (revenue +16.7% year-over-year).
- 2014: Revenue of $670K, expenses of $1.5M, and assets of $28.8M (revenue +18.4% year-over-year).
- 2013: Revenue of $566K, expenses of $1.6M, and assets of $29.7M (revenue -7.3% year-over-year).
- 2012: Revenue of $611K, expenses of $1.7M, and assets of $30.7M (revenue +5.8% year-over-year).
- 2011: Revenue of $577K, expenses of $1.7M, and assets of $31.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Demoulas Market Basket Foundation:
Data Sources and Methodology
This transparency report for Demoulas Market Basket Foundation 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.