Foxboro Foundation Inc
Foxboro Foundation Inc. faces significant and persistent deficits, drawing down assets to cover expenses.
EIN: 202031747 · Essex, CT · NTEE: T22 · Updated: 2026-03-28
Is Foxboro Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foxboro Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Foxboro Foundation Inc
Foxboro Foundation Inc (EIN: 202031747) is a nonprofit organization based in Essex, CT, classified under NTEE code T22. The organization reported total revenue of $107K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foxboro Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foxboro Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Foxboro Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Foxboro Foundation Inc's IRS 990 filings:
- Consistent and significant deficit spending (e.g., 2023 expenses $58,163 vs. revenue $3,744)
- Substantial decline in assets over the past decade (from $764,040 in 2011 to $270,428 in 2023)
- High expense-to-revenue ratio in multiple recent periods, indicating unsustainable financial model.
Strengths
The following positive indicators were identified for Foxboro Foundation Inc:
- Zero reported officer compensation, indicating efficient use of funds at the leadership level.
- Maintained substantial assets for over a decade, providing a buffer despite recent declines.
Frequently Asked Questions about Foxboro Foundation Inc
Is Foxboro Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foxboro Foundation Inc (EIN: 202031747) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Foxboro Foundation Inc spend its money?
Foxboro Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foxboro Foundation Inc tax-deductible?
Foxboro Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202031747). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Foxboro Foundation Inc. plan to address its consistent revenue shortfalls?
The organization has frequently reported expenses significantly exceeding revenue, such as $58,163 in expenses against $3,744 in revenue in 2023, and $514,811 in expenses against $168,489 in revenue in 2022. A clear strategy for increasing sustainable revenue or reducing expenses is critical.
What is the primary cause of the substantial asset decline from $764,040 in 2011 to $270,428 in 2023?
The consistent decline in assets over the past decade suggests that the organization has been liquidating or spending down its reserves to cover operational costs, which is unsustainable in the long term.
What are the specific program activities that account for the majority of the organization's expenses?
Given the high expense levels relative to revenue, understanding the specific programs and their associated costs would provide insight into where the funds are being utilized and if they align with the organization's stated mission.
Filing History
IRS 990 filing history for Foxboro Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foxboro Foundation Inc's revenue has declined by 97.4%, moving from $146K to $4K. Total assets decreased by 64.6% over the same period, from $764K to $270K. Total functional expenses rose by 35.9%, from $43K to $58K. In its most recent filing year (2023), Foxboro Foundation Inc reported a deficit of $54K, with expenses exceeding revenue. The organization holds $1 in liabilities against $270K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $270K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $58K | $270K | $1 | — | View 990 |
| 2022 | $168K | $515K | $325K | $1 | — | View 990 |
| 2021 | $93K | $77K | $671K | $1 | — | — |
| 2020 | $29K | $53K | $655K | $1 | — | View 990 |
| 2019 | $2K | $42K | $679K | $1 | — | View 990 |
| 2015 | $24K | $57K | $730K | $1 | — | View 990 |
| 2014 | $82K | $57K | $763K | $1 | — | View 990 |
| 2013 | $66K | $79K | $738K | $1 | — | View 990 |
| 2012 | $43K | $56K | $750K | $0 | — | View 990 |
| 2011 | $146K | $43K | $764K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $58K, and assets of $270K (revenue -97.8% year-over-year).
- 2022: Revenue of $168K, expenses of $515K, and assets of $325K (revenue +80.3% year-over-year).
- 2021: Revenue of $93K, expenses of $77K, and assets of $671K (revenue +218.7% year-over-year).
- 2020: Revenue of $29K, expenses of $53K, and assets of $655K (revenue +1281.8% year-over-year).
- 2019: Revenue of $2K, expenses of $42K, and assets of $679K (revenue -91.2% year-over-year).
- 2015: Revenue of $24K, expenses of $57K, and assets of $730K (revenue -70.6% year-over-year).
- 2014: Revenue of $82K, expenses of $57K, and assets of $763K (revenue +23.0% year-over-year).
- 2013: Revenue of $66K, expenses of $79K, and assets of $738K (revenue +55.5% year-over-year).
- 2012: Revenue of $43K, expenses of $56K, and assets of $750K (revenue -70.8% year-over-year).
- 2011: Revenue of $146K, expenses of $43K, and assets of $764K.
Data Sources and Methodology
This transparency report for Foxboro 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.