Friends And Mentors Inc
EIN: 822395095 · Brockton, MA · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $387K |
| Total Expenses | $328K |
| Net Assets | $102K |
Is Friends And Mentors Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends And Mentors Inc
Friends And Mentors Inc (EIN: 822395095) is a nonprofit organization based in Brockton, MA, classified under NTEE code O50. The organization reported total revenue of $387K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends And Mentors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends And Mentors Inc is a small nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 26.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $328K |
| Surplus / Deficit | $-13,818 |
| Total Assets | $117K |
| Total Liabilities | $15K |
| Net Assets | $102K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 12.5% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Friends And Mentors Inc reported a deficit of $14K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 12.5% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Friends And Mentors Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.3% | +15.3% | +7.3% |
| 2022 | +98.3% | +40.0% | +9601.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends And Mentors 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 Friends And Mentors 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 deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.5%.
Frequently Asked Questions about Friends And Mentors Inc
Is Friends And Mentors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends And Mentors Inc (EIN: 822395095) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends And Mentors Inc spend its money?
Detailed spending breakdown data is not yet available for Friends And Mentors Inc. Check back for updated IRS 990 analysis.
Are donations to Friends And Mentors Inc tax-deductible?
Friends And Mentors Inc is registered as a tax-exempt nonprofit (EIN: 822395095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends And Mentors Inc located?
Friends And Mentors Inc is headquartered in Brockton, Massachusetts and files with the IRS under EIN 822395095. It is classified under NTEE code O50.
How many years of IRS 990 filings does Friends And Mentors Inc have?
Friends And Mentors Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $387K in total revenue.
Filing History
IRS 990 filing history for Friends And Mentors Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Friends And Mentors Inc's revenue has grown by 60%, moving from $196K to $314K. Total assets increased by 10307.7% over the same period, from $1K to $117K. Total functional expenses rose by 61.3%, from $203K to $328K. In its most recent filing year (2023), Friends And Mentors Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $15K in liabilities against $117K in assets (debt-to-asset ratio: 12.5%), resulting in net assets of $102K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $328K | $117K | $15K | — | — |
| 2022 | $389K | $284K | $109K | $-130 | — | — |
| 2021 | $196K | $203K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $328K, and assets of $117K (revenue -19.3% year-over-year).
- 2022: Revenue of $389K, expenses of $284K, and assets of $109K (revenue +98.3% year-over-year).
- 2021: Revenue of $196K, expenses of $203K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends And Mentors Inc:
Data Sources and Methodology
This transparency report for Friends And Mentors 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.