Framingham Public Access Corporation
Framingham Public Access Corporation maintains stable finances with growing assets and no reported officer compensation.
EIN: 161774076 · Framingham, MA · NTEE: A32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $673K |
| Total Expenses | $701K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Framingham Public Access Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Framingham Public Access Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Framingham Public Access Corporation
Framingham Public Access Corporation (EIN: 161774076) is a nonprofit organization based in Framingham, MA, classified under NTEE code A32. The organization reported total revenue of $673K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Framingham Public Access Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Framingham Public Access Corporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $732K |
| Total Expenses | $701K |
| Surplus / Deficit | +$31K |
| Total Assets | $1.9M |
| Total Liabilities | $100K |
| Net Assets | $1.8M |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 32.2 months |
Financial Health Grade: A
In 2023, Framingham Public Access Corporation reported a surplus of $31K with revenue exceeding expenses, holds 32.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Framingham Public Access Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +21.5% | +5.0% |
| 2022 | -1.9% | -7.4% | +2.4% |
| 2021 | -11.7% | -16.4% | +8.8% |
| 2020 | +5.2% | +5.3% | +5.4% |
| 2019 | -3.2% | -2.2% | +2.7% |
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 Framingham Public Access Corporation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Framingham Public Access Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with revenues consistently above $600,000 annually.
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 Framingham Public Access Corporation's IRS 990 filings:
- Unusually low liabilities in some years (e.g., $0 in 2014 and 2015) could indicate simplified reporting or specific operational structure, though generally positive.
Strengths
The following positive indicators were identified for Framingham Public Access Corporation:
- Consistent asset growth, from $822,085 in 2014 to $1,878,091 in 2023, demonstrating strong financial management.
- Zero reported officer compensation across all 13 filings, indicating high efficiency in resource allocation.
- Stable revenue streams, consistently above $600,000 since 2016, ensuring operational continuity.
- Low liabilities relative to assets, indicating strong financial stability and solvency.
- Consistent generation of surpluses (e.g., $31,303 in 2023) allowing for reinvestment and growth.
Frequently Asked Questions about Framingham Public Access Corporation
Is Framingham Public Access Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Framingham Public Access Corporation (EIN: 161774076) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Framingham Public Access Corporation spend its money?
Framingham Public Access Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Framingham Public Access Corporation tax-deductible?
Framingham Public Access Corporation is registered as a tax-exempt nonprofit (EIN: 161774076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Framingham Public Access Corporation CEO make?
Framingham Public Access Corporation's highest-compensated officer earns $600,000 annually. The organization reported $673K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Framingham Public Access Corporation's spending goes to programs?
Framingham Public Access Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Framingham Public Access Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Framingham Public Access Corporation is above average for NTEE category A32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Framingham Public Access Corporation located?
Framingham Public Access Corporation is headquartered in Framingham, Massachusetts and files with the IRS under EIN 161774076. It is classified under NTEE code A32.
How many years of IRS 990 filings does Framingham Public Access Corporation have?
Framingham Public Access Corporation has 13 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 $673K in total revenue.
Is Framingham Public Access Corporation a good charity?
Based on the available financial data, Framingham Public Access Corporation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and notably reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has Framingham Public Access Corporation's financial health changed over time?
The organization's financial health has steadily improved over time. Assets have more than doubled from $822,085 in 2014 to $1,878,091 in 2023, while revenues have remained stable, indicating effective management and accumulation of resources.
What is the organization's approach to executive compensation?
Framingham Public Access Corporation consistently reports 0% officer compensation across all 13 filings, indicating that its leadership either volunteers their time or is compensated through other means not classified as officer compensation, which is a significant positive for resource allocation.
Filing History
IRS 990 filing history for Framingham Public Access Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Framingham Public Access Corporation's revenue has grown by 104.7%, moving from $357K to $732K. Total assets increased by 166.2% over the same period, from $706K to $1.9M. Total functional expenses rose by 126.6%, from $309K to $701K. In its most recent filing year (2023), Framingham Public Access Corporation reported a surplus of $31K, with revenue exceeding expenses. The organization holds $100K in liabilities against $1.9M in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $732K | $701K | $1.9M | $100K | — | — |
| 2022 | $685K | $577K | $1.8M | $42K | — | — |
| 2021 | $698K | $623K | $1.7M | $109K | — | View 990 |
| 2020 | $791K | $745K | $1.6M | $43K | — | — |
| 2019 | $752K | $708K | $1.5M | $7K | — | View 990 |
| 2018 | $777K | $724K | $1.5M | $11K | — | View 990 |
| 2017 | $806K | $749K | $1.4M | $16K | — | View 990 |
| 2016 | $781K | $669K | $1.4M | $16K | — | View 990 |
| 2015 | $770K | $539K | $1.1M | $0 | — | View 990 |
| 2014 | $425K | $381K | $822K | $0 | — | View 990 |
| 2013 | $366K | $324K | $778K | $0 | — | View 990 |
| 2012 | $339K | $309K | $736K | $0 | — | View 990 |
| 2011 | $357K | $309K | $706K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $732K, expenses of $701K, and assets of $1.9M (revenue +6.8% year-over-year).
- 2022: Revenue of $685K, expenses of $577K, and assets of $1.8M (revenue -1.9% year-over-year).
- 2021: Revenue of $698K, expenses of $623K, and assets of $1.7M (revenue -11.7% year-over-year).
- 2020: Revenue of $791K, expenses of $745K, and assets of $1.6M (revenue +5.2% year-over-year).
- 2019: Revenue of $752K, expenses of $708K, and assets of $1.5M (revenue -3.2% year-over-year).
- 2018: Revenue of $777K, expenses of $724K, and assets of $1.5M (revenue -3.7% year-over-year).
- 2017: Revenue of $806K, expenses of $749K, and assets of $1.4M (revenue +3.2% year-over-year).
- 2016: Revenue of $781K, expenses of $669K, and assets of $1.4M (revenue +1.4% year-over-year).
- 2015: Revenue of $770K, expenses of $539K, and assets of $1.1M (revenue +81.4% year-over-year).
- 2014: Revenue of $425K, expenses of $381K, and assets of $822K (revenue +16.1% year-over-year).
- 2013: Revenue of $366K, expenses of $324K, and assets of $778K (revenue +7.8% year-over-year).
- 2012: Revenue of $339K, expenses of $309K, and assets of $736K (revenue -5.1% year-over-year).
- 2011: Revenue of $357K, expenses of $309K, and assets of $706K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Framingham Public Access Corporation:
Data Sources and Methodology
This transparency report for Framingham Public Access Corporation 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.