Friends Of Cambridge Rindge And Latin School Inc
Friends Of Cambridge Rindge And Latin School Inc maintains stable assets and no executive compensation despite a recent operating deficit.
EIN: 205993874 · Cambridge, MA · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $253K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $271K |
| Transparency Score | 90/100 |
Is Friends Of Cambridge Rindge And Latin School 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 Cambridge Rindge And Latin School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Cambridge Rindge And Latin School Inc
Friends Of Cambridge Rindge And Latin School Inc (EIN: 205993874) is a nonprofit organization based in Cambridge, MA, classified under NTEE code B11. The organization reported total revenue of $226K and total assets of $385K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Cambridge Rindge And Latin School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Cambridge Rindge And Latin School Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $253K |
| Surplus / Deficit | $-27,131 |
| Total Assets | $373K |
| Total Liabilities | $101K |
| Net Assets | $271K |
| Operating Margin | -12.0% |
| Debt-to-Asset Ratio | 27.2% |
| Months of Reserves | 17.7 months |
Financial Health Grade: B
In 2024, Friends Of Cambridge Rindge And Latin School Inc reported a deficit of $27K with expenses exceeding revenue, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 27.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2024), Friends Of Cambridge Rindge And Latin School Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.5% | +32.1% | +5.4% |
| 2023 | -7.9% | +5.7% | +10.5% |
| 2022 | +25.1% | +6.5% | +10.1% |
| 2021 | +6.3% | +2.9% | +6.1% |
| 2020 | +11.5% | -1.5% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Friends Of Cambridge Rindge And Latin School Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Cambridge Rindge And Latin School 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization operates without paid officers, which is highly efficient for an organization of its size with revenues around $200,000 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 Friends Of Cambridge Rindge And Latin School Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal period (202406), where expenses ($253,129) exceeded revenue ($225,998).
Strengths
The following positive indicators were identified for Friends Of Cambridge Rindge And Latin School Inc:
- Consistent growth in net assets, from $152,519 in 2015 to $372,508 in 2024, demonstrating financial health.
- 0% officer compensation reported across all 13 filings, indicating high efficiency and volunteer leadership.
- Long and consistent IRS 990 filing history (13 filings), showing strong compliance and transparency.
- Revenues generally cover expenses over the long term, with most years showing a surplus or near-balance.
Frequently Asked Questions about Friends Of Cambridge Rindge And Latin School Inc
Is Friends Of Cambridge Rindge And Latin School Inc a legitimate charity?
Friends Of Cambridge Rindge And Latin School Inc (EIN: 205993874) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $226K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Friends Of Cambridge Rindge And Latin School Inc spend its money?
Friends Of Cambridge Rindge And Latin School Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Cambridge Rindge And Latin School Inc tax-deductible?
Friends Of Cambridge Rindge And Latin School Inc is registered as a tax-exempt nonprofit (EIN: 205993874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Cambridge Rindge And Latin School Inc CEO make?
Friends Of Cambridge Rindge And Latin School Inc's highest-compensated officer earns $200,000 annually. The organization reported $226K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Cambridge Rindge And Latin School Inc's spending goes to programs?
Friends Of Cambridge Rindge And Latin School Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Cambridge Rindge And Latin School Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Friends Of Cambridge Rindge And Latin School Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Cambridge Rindge And Latin School Inc located?
Friends Of Cambridge Rindge And Latin School Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 205993874. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of Cambridge Rindge And Latin School Inc have?
Friends Of Cambridge Rindge And Latin School Inc 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 $226K in total revenue.
Is Friends Of Cambridge Rindge And Latin School Inc financially stable?
Yes, despite a slight operating deficit in the 2024 period ($225,998 revenue vs. $253,129 expenses), the organization has consistently grown its assets from $152,519 in 2015 to $372,508 in 2024, indicating overall financial stability and good long-term management.
How efficient is Friends Of Cambridge Rindge And Latin School Inc with its spending?
The organization appears highly efficient, as evidenced by 0% officer compensation reported across all filings. This suggests a significant portion of funds is directed towards programs and minimal overhead for executive salaries.
Does this organization have good transparency?
Yes, the consistent filing of IRS Form 990s over 13 periods and the clear reporting of no officer compensation contribute to a high level of transparency regarding its financial operations.
What is the trend in the organization's revenue?
Revenue has shown a general upward trend over the past decade, from $134,412 in 2015 to $225,998 in 2024, with some fluctuations, indicating consistent donor support.
Filing History
IRS 990 filing history for Friends Of Cambridge Rindge And Latin School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Friends Of Cambridge Rindge And Latin School Inc's revenue has grown by 389.7%, moving from $46K to $226K. Total assets increased by 1791.9% over the same period, from $20K to $373K. Total functional expenses rose by 450.6%, from $46K to $253K. In its most recent filing year (2024), Friends Of Cambridge Rindge And Latin School Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $101K in liabilities against $373K in assets (debt-to-asset ratio: 27.2%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $226K | $253K | $373K | $101K | — | — |
| 2023 | $199K | $192K | $354K | $77K | — | View 990 |
| 2022 | $216K | $181K | $320K | $63K | — | View 990 |
| 2021 | $173K | $170K | $290K | $60K | — | View 990 |
| 2020 | $163K | $165K | $274K | $61K | — | View 990 |
| 2019 | $146K | $168K | $252K | $44K | — | View 990 |
| 2018 | $205K | $185K | $268K | $46K | — | View 990 |
| 2017 | $199K | $143K | $229K | $29K | — | View 990 |
| 2016 | $233K | $188K | $166K | $28K | — | View 990 |
| 2015 | $134K | $134K | $153K | $43K | — | View 990 |
| 2014 | $152K | $102K | $130K | $0 | — | View 990 |
| 2013 | $122K | $69K | $80K | $0 | — | View 990 |
| 2011 | $46K | $46K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $226K, expenses of $253K, and assets of $373K (revenue +13.5% year-over-year).
- 2023: Revenue of $199K, expenses of $192K, and assets of $354K (revenue -7.9% year-over-year).
- 2022: Revenue of $216K, expenses of $181K, and assets of $320K (revenue +25.1% year-over-year).
- 2021: Revenue of $173K, expenses of $170K, and assets of $290K (revenue +6.3% year-over-year).
- 2020: Revenue of $163K, expenses of $165K, and assets of $274K (revenue +11.5% year-over-year).
- 2019: Revenue of $146K, expenses of $168K, and assets of $252K (revenue -29.0% year-over-year).
- 2018: Revenue of $205K, expenses of $185K, and assets of $268K (revenue +3.1% year-over-year).
- 2017: Revenue of $199K, expenses of $143K, and assets of $229K (revenue -14.4% year-over-year).
- 2016: Revenue of $233K, expenses of $188K, and assets of $166K (revenue +73.1% year-over-year).
- 2015: Revenue of $134K, expenses of $134K, and assets of $153K (revenue -11.4% year-over-year).
- 2014: Revenue of $152K, expenses of $102K, and assets of $130K (revenue +24.1% year-over-year).
- 2013: Revenue of $122K, expenses of $69K, and assets of $80K (revenue +164.8% year-over-year).
- 2011: Revenue of $46K, expenses of $46K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Cambridge Rindge And Latin School Inc:
Data Sources and Methodology
This transparency report for Friends Of Cambridge Rindge And Latin School 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.