Edmund And Mary Comey Charitable Foundation
Edmund And Mary Comey Charitable Foundation maintains over $1M in assets with zero reported officer compensation despite fluctuating annual revenues and expenses.
EIN: 203121701 · Boston, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $458K |
| Total Expenses | $325K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Edmund And Mary Comey Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edmund And Mary Comey Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edmund And Mary Comey Charitable Foundation
Edmund And Mary Comey Charitable Foundation (EIN: 203121701) is a nonprofit organization based in Boston, MA, classified under NTEE code T22. The organization reported total revenue of $458K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edmund And Mary Comey Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edmund And Mary Comey Charitable Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $325K |
| Surplus / Deficit | $-267,755 |
| Total Assets | $1.0M |
| Total Liabilities | $1 |
| Net Assets | $1.0M |
| Operating Margin | -466.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 37.6 months |
Financial Health Grade: B
In 2024, Edmund And Mary Comey Charitable Foundation reported a deficit of $268K with expenses exceeding revenue, holds 37.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Edmund And Mary Comey Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +146.1% | +954.7% | -20.8% |
| 2023 | -75.2% | -83.2% | -0.6% |
| 2022 | -73.9% | +12.5% | -6.5% |
| 2021 | +433.0% | +4.2% | +16.6% |
| 2020 | -47.7% | +29.1% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Edmund And Mary Comey Charitable Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Edmund And Mary Comey Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $268K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is highly efficient for an organization of this size with over $1 million in assets.
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 Edmund And Mary Comey Charitable Foundation's IRS 990 filings:
- Significant annual deficits in some periods (e.g., $267,755 in 202407), indicating expenses exceeding revenue.
Strengths
The following positive indicators were identified for Edmund And Mary Comey Charitable Foundation:
- Consistent asset base over $1 million, demonstrating financial stability and long-term capacity.
- 0% reported officer compensation across all filings, indicating highly efficient executive overhead.
- Consistent filing of IRS Form 990s (10 filings), showing strong transparency and regulatory compliance.
- Low liabilities ($1 across all filings), indicating a very healthy balance sheet.
Frequently Asked Questions about Edmund And Mary Comey Charitable Foundation
Is Edmund And Mary Comey Charitable Foundation a legitimate charity?
Edmund And Mary Comey Charitable Foundation (EIN: 203121701) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $458K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Edmund And Mary Comey Charitable Foundation spend its money?
Edmund And Mary Comey Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edmund And Mary Comey Charitable Foundation tax-deductible?
Edmund And Mary Comey Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 203121701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Edmund And Mary Comey Charitable Foundation CEO make?
Edmund And Mary Comey Charitable Foundation's highest-compensated officer earns $1 annually. The organization reported $458K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Edmund And Mary Comey Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Edmund And Mary Comey Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edmund And Mary Comey Charitable Foundation located?
Edmund And Mary Comey Charitable Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 203121701. It is classified under NTEE code T22.
How many years of IRS 990 filings does Edmund And Mary Comey Charitable Foundation have?
Edmund And Mary Comey Charitable 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 $458K in total revenue.
How does the foundation manage its significant year-to-year revenue and expense fluctuations?
The filings show substantial swings, such as a $267,755 deficit in 202407 (Expenses $325,134 vs. Revenue $57,379) and a $197,160 surplus in 202107 (Revenue $359,953 vs. Expenses $162,793). Understanding the investment strategy and grantmaking policies that lead to these variations would provide insight into financial management.
What is the specific breakdown of 'expenses' given the NTEE code T22 (Private Grantmaking Foundations)?
As a grantmaking foundation, the majority of its expenses should ideally be in grants paid. Without a detailed breakdown of program service expenses versus administrative costs, it's difficult to ascertain the exact efficiency of its grantmaking operations, beyond the total expense figures.
Are there any related organizations or entities through which officers might be compensated?
The consistent 0% officer compensation is a strong positive, but it's worth confirming if any related organizations or management service agreements exist where compensation might be reported differently, ensuring full transparency.
Filing History
IRS 990 filing history for Edmund And Mary Comey Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Edmund And Mary Comey Charitable Foundation's revenue has grown by 268.3%, moving from $16K to $57K. Total assets decreased by 19.8% over the same period, from $1.3M to $1.0M. Total functional expenses rose by 258.9%, from $91K to $325K. In its most recent filing year (2024), Edmund And Mary Comey Charitable Foundation reported a deficit of $268K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $57K | $325K | $1.0M | $1 | — | — |
| 2023 | $23K | $31K | $1.3M | $1 | — | View 990 |
| 2022 | $94K | $183K | $1.3M | $1 | — | View 990 |
| 2021 | $360K | $163K | $1.4M | $1 | — | View 990 |
| 2020 | $68K | $156K | $1.2M | $1 | — | View 990 |
| 2016 | $129K | $121K | $1.2M | $1 | — | View 990 |
| 2015 | $118K | $119K | $1.2M | $1 | — | View 990 |
| 2014 | $104K | $108K | $1.2M | $1 | — | View 990 |
| 2013 | $55K | $94K | $1.2M | $1 | — | View 990 |
| 2012 | $16K | $91K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $57K, expenses of $325K, and assets of $1.0M (revenue +146.1% year-over-year).
- 2023: Revenue of $23K, expenses of $31K, and assets of $1.3M (revenue -75.2% year-over-year).
- 2022: Revenue of $94K, expenses of $183K, and assets of $1.3M (revenue -73.9% year-over-year).
- 2021: Revenue of $360K, expenses of $163K, and assets of $1.4M (revenue +433.0% year-over-year).
- 2020: Revenue of $68K, expenses of $156K, and assets of $1.2M (revenue -47.7% year-over-year).
- 2016: Revenue of $129K, expenses of $121K, and assets of $1.2M (revenue +9.5% year-over-year).
- 2015: Revenue of $118K, expenses of $119K, and assets of $1.2M (revenue +12.9% year-over-year).
- 2014: Revenue of $104K, expenses of $108K, and assets of $1.2M (revenue +89.5% year-over-year).
- 2013: Revenue of $55K, expenses of $94K, and assets of $1.2M (revenue +253.8% year-over-year).
- 2012: Revenue of $16K, expenses of $91K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edmund And Mary Comey Charitable Foundation:
Data Sources and Methodology
This transparency report for Edmund And Mary Comey Charitable 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.