Friends Of Boston Homeless Inc
Friends Of Boston Homeless: Strong Program Spending, but Declining Revenue
EIN: 222866770 · Beverly, MA · NTEE: L41I · Updated: 2026-04-04
Is Friends Of Boston Homeless Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Boston Homeless Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Boston Homeless Inc
Friends Of Boston Homeless Inc (EIN: 222866770) is a nonprofit organization based in Beverly, MA, classified under NTEE code L41I. The organization reported total revenue of $1.3M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Boston Homeless 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 Friends Of Boston Homeless Inc with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Boston Homeless Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-based leadership structure, which is a positive for donor confidence.
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 Friends Of Boston Homeless Inc's IRS 990 filings:
- Revenue has shown a downward trend from $1,476,880 in 2020 to $993,370 in 2024, which could impact future program sustainability.
- A significant increase in liabilities to $1,332,090 in 2022, followed by a decrease, requires clarification on the nature and resolution of these obligations.
Strengths
The following positive indicators were identified for Friends Of Boston Homeless Inc:
- Consistent reporting of 0% executive compensation demonstrates a strong commitment to directing funds towards programs.
- The organization maintains a healthy asset base, with assets of $1,219,848 in 2024, providing financial stability.
- Expenses have remained relatively stable despite revenue fluctuations, indicating efficient cost management.
Frequently Asked Questions about Friends Of Boston Homeless Inc
Is Friends Of Boston Homeless Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Boston Homeless Inc (EIN: 222866770) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Friends Of Boston Homeless Inc spend its money?
Friends Of Boston Homeless Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Boston Homeless Inc tax-deductible?
Friends Of Boston Homeless Inc is registered as a tax-exempt nonprofit (EIN: 222866770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Friends Of Boston Homeless Inc do?
Friends Of Boston Homeless Inc is a nonprofit organization in the Housing & Shelter sector, located in Beverly, Massachusetts. It is classified under NTEE code L41I.
How much revenue does Friends Of Boston Homeless Inc have?
Friends Of Boston Homeless Inc reported total revenue of $1,288,445. Based on 14 IRS 990 filings on record.
What are Friends Of Boston Homeless Inc's total assets?
Friends Of Boston Homeless Inc holds total assets of $1,036,683 as reported in IRS 990 filings.
Where is Friends Of Boston Homeless Inc located?
Friends Of Boston Homeless Inc is based in Beverly, Massachusetts.
What is Friends Of Boston Homeless Inc's EIN?
Friends Of Boston Homeless Inc's Employer Identification Number (EIN) is 222866770. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of Boston Homeless Inc?
Friends Of Boston Homeless Inc is classified under NTEE code L41I (Housing & Shelter).
Is Friends Of Boston Homeless Inc a registered 501(c)(3)?
Yes, Friends Of Boston Homeless Inc is recognized as a tax-exempt organization by the IRS. EIN: 222866770.
Does Friends Of Boston Homeless Inc file IRS Form 990?
Yes, Friends Of Boston Homeless Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Friends Of Boston Homeless Inc's revenue in 2024?
In the 202406 filing period, Friends Of Boston Homeless Inc reported total revenue of $993,370, total expenses of $1,174,379, and net assets of $1,219,848.
Is Friends Of Boston Homeless Inc's revenue growing or declining?
Friends Of Boston Homeless Inc's revenue is relatively stable. Revenue went from $946,442 (202306) to $993,370 (202406), a +5.0% change. Based on 14 filings on record.
What is Friends Of Boston Homeless Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of Boston Homeless Inc covers tax period 202406. It shows revenue of $993,370, expenses of $1,174,379, total assets of $1,219,848, and liabilities of $280,003.
How much does Friends Of Boston Homeless Inc spend on programs vs administration?
Based on IRS 990 analysis, Friends Of Boston Homeless Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Friends Of Boston Homeless Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of Boston Homeless Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Friends Of Boston Homeless Inc?
The following concerns were identified: Revenue has shown a downward trend from $1,476,880 in 2020 to $993,370 in 2024, which could impact future program sustainability.. A significant increase in liabilities to $1,332,090 in 2022, followed by a decrease, requires clarification on the nature and resolution of these obligations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of Boston Homeless Inc's strengths?
Positive indicators for Friends Of Boston Homeless Inc include: Consistent reporting of 0% executive compensation demonstrates a strong commitment to directing funds towards programs.. The organization maintains a healthy asset base, with assets of $1,219,848 in 2024, providing financial stability.. Expenses have remained relatively stable despite revenue fluctuations, indicating efficient cost management.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of Boston Homeless Inc compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-based leadership structure, which is a positive for donor confidence. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% executive compensation, how does the organization ensure effective leadership and operational continuity without paid executive staff?
While the filings indicate no paid executive compensation, the organization likely relies on dedicated volunteers, board members, or potentially contracted services not classified as executive compensation to manage operations. Further inquiry into their governance structure and operational model would clarify this.
What factors contributed to the substantial increase in liabilities to $1,332,090 in 2022 and their subsequent reduction?
The filings alone do not specify the nature of these liabilities. This could be due to a major capital project, a temporary loan, or a significant grant with specific conditions. A review of their detailed financial statements or direct inquiry would be necessary to understand this fluctuation.
Filing History
IRS 990 filing history for Friends Of Boston Homeless Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Friends Of Boston Homeless Inc's revenue has grown by 139.8%, moving from $414K to $993K. Total assets increased by 443.6% over the same period, from $224K to $1.2M. Total functional expenses rose by 168.4%, from $437K to $1.2M. In its most recent filing year (2024), Friends Of Boston Homeless Inc reported a deficit of $181K, with expenses exceeding revenue. The organization holds $280K in liabilities against $1.2M in assets (debt-to-asset ratio: 23.0%), resulting in net assets of $940K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $993K | $1.2M | $1.2M | $280K | — | View 990 |
| 2023 | $946K | $1.2M | $1.2M | $110K | — | View 990 |
| 2022 | $1.2M | $1.1M | $2.7M | $1.3M | — | View 990 |
| 2021 | $1.1M | $987K | $1.4M | $189K | — | View 990 |
| 2020 | $1.5M | $940K | $1.1M | $63K | — | View 990 |
| 2019 | $1.0M | $906K | $600K | $24K | — | View 990 |
| 2018 | $795K | $723K | $484K | $12K | — | View 990 |
| 2017 | $752K | $788K | $424K | $38K | — | View 990 |
| 2016 | $817K | $867K | $446K | $44K | — | View 990 |
| 2015 | $789K | $541K | $493K | $25K | — | View 990 |
| 2014 | $502K | $497K | $255K | $33K | — | View 990 |
| 2013 | $493K | $495K | $251K | $36K | — | View 990 |
| 2012 | $591K | $548K | $280K | $63K | — | View 990 |
| 2011 | $414K | $437K | $224K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $993K, expenses of $1.2M, and assets of $1.2M (revenue +5.0% year-over-year).
- 2023: Revenue of $946K, expenses of $1.2M, and assets of $1.2M (revenue -19.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $2.7M (revenue +4.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $987K, and assets of $1.4M (revenue -23.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $940K, and assets of $1.1M (revenue +47.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $906K, and assets of $600K (revenue +25.9% year-over-year).
- 2018: Revenue of $795K, expenses of $723K, and assets of $484K (revenue +5.8% year-over-year).
- 2017: Revenue of $752K, expenses of $788K, and assets of $424K (revenue -8.0% year-over-year).
- 2016: Revenue of $817K, expenses of $867K, and assets of $446K (revenue +3.6% year-over-year).
- 2015: Revenue of $789K, expenses of $541K, and assets of $493K (revenue +57.0% year-over-year).
- 2014: Revenue of $502K, expenses of $497K, and assets of $255K (revenue +1.9% year-over-year).
- 2013: Revenue of $493K, expenses of $495K, and assets of $251K (revenue -16.6% year-over-year).
- 2012: Revenue of $591K, expenses of $548K, and assets of $280K (revenue +42.7% year-over-year).
- 2011: Revenue of $414K, expenses of $437K, and assets of $224K.
Data Sources and Methodology
This transparency report for Friends Of Boston Homeless 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.