Family Promise North Shore Boston Inc
EIN: 271801635 · Beverly, MA · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $501K |
| Net Assets | $256K |
Is Family Promise North Shore Boston Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Family Promise North Shore Boston Inc
Family Promise North Shore Boston Inc (EIN: 271801635) is a nonprofit organization based in Beverly, MA, classified under NTEE code P60. The organization reported total revenue of $1.0M and total assets of $677K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise North Shore Boston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise North Shore Boston Inc is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $512K |
| Total Expenses | $501K |
| Surplus / Deficit | +$10K |
| Total Assets | $266K |
| Total Liabilities | $10K |
| Net Assets | $256K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 6.4 months |
Financial Health Grade: A
In 2023, Family Promise North Shore Boston Inc reported a surplus of $10K with revenue exceeding expenses, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Family Promise North Shore Boston Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | -10.9% | +9.7% |
| 2022 | -13.1% | +22.7% | -25.1% |
| 2021 | +30.5% | +53.4% | +21.8% |
| 2020 | +38.4% | +0.8% | +167.9% |
| 2019 | +10.5% | -0.8% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Promise North Shore Boston 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 Family Promise North Shore Boston 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 surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Frequently Asked Questions about Family Promise North Shore Boston Inc
Is Family Promise North Shore Boston Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise North Shore Boston Inc (EIN: 271801635) insufficient data. 0 red flags identified, 0 strengths noted.
How does Family Promise North Shore Boston Inc spend its money?
Detailed spending breakdown data is not yet available for Family Promise North Shore Boston Inc. Check back for updated IRS 990 analysis.
Are donations to Family Promise North Shore Boston Inc tax-deductible?
Family Promise North Shore Boston Inc is registered as a tax-exempt nonprofit (EIN: 271801635). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Family Promise North Shore Boston Inc located?
Family Promise North Shore Boston Inc is headquartered in Beverly, Massachusetts and files with the IRS under EIN 271801635. It is classified under NTEE code P60.
How many years of IRS 990 filings does Family Promise North Shore Boston Inc have?
Family Promise North Shore Boston 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Family Promise North Shore Boston Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Family Promise North Shore Boston Inc's revenue has grown by 207.5%, moving from $166K to $512K. Total assets increased by 75.6% over the same period, from $152K to $266K. Total functional expenses rose by 1735.2%, from $27K to $501K. In its most recent filing year (2023), Family Promise North Shore Boston Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $10K in liabilities against $266K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $256K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $512K | $501K | $266K | $10K | — | — |
| 2022 | $482K | $563K | $243K | $7K | — | View 990 |
| 2021 | $555K | $459K | $324K | $8K | — | View 990 |
| 2020 | $425K | $299K | $266K | $56K | — | View 990 |
| 2019 | $307K | $297K | $99K | $15K | — | View 990 |
| 2018 | $278K | $299K | $87K | $13K | — | View 990 |
| 2017 | $267K | $280K | $114K | $19K | — | View 990 |
| 2016 | $231K | $246K | $129K | $20K | — | View 990 |
| 2015 | $221K | $237K | $150K | $27K | — | View 990 |
| 2014 | $225K | $201K | $160K | $21K | — | View 990 |
| 2013 | $92K | $143K | $131K | $15K | — | View 990 |
| 2012 | $166K | $27K | $152K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $512K, expenses of $501K, and assets of $266K (revenue +6.1% year-over-year).
- 2022: Revenue of $482K, expenses of $563K, and assets of $243K (revenue -13.1% year-over-year).
- 2021: Revenue of $555K, expenses of $459K, and assets of $324K (revenue +30.5% year-over-year).
- 2020: Revenue of $425K, expenses of $299K, and assets of $266K (revenue +38.4% year-over-year).
- 2019: Revenue of $307K, expenses of $297K, and assets of $99K (revenue +10.5% year-over-year).
- 2018: Revenue of $278K, expenses of $299K, and assets of $87K (revenue +4.3% year-over-year).
- 2017: Revenue of $267K, expenses of $280K, and assets of $114K (revenue +15.5% year-over-year).
- 2016: Revenue of $231K, expenses of $246K, and assets of $129K (revenue +4.6% year-over-year).
- 2015: Revenue of $221K, expenses of $237K, and assets of $150K (revenue -2.0% year-over-year).
- 2014: Revenue of $225K, expenses of $201K, and assets of $160K (revenue +144.5% year-over-year).
- 2013: Revenue of $92K, expenses of $143K, and assets of $131K (revenue -44.6% year-over-year).
- 2012: Revenue of $166K, expenses of $27K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise North Shore Boston Inc:
Data Sources and Methodology
This transparency report for Family Promise North Shore Boston 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.