Fruitlands Museums Inc
EIN: 42125003 · Boston, MA · NTEE: A540
| Metric | Value |
|---|---|
| Total Revenue | $776K |
| Total Expenses | $940K |
| Net Assets | $18.9M |
Is Fruitlands Museums Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fruitlands Museums Inc
Fruitlands Museums Inc (EIN: 42125003) is a nonprofit organization based in Boston, MA, classified under NTEE code A540. The organization reported total revenue of $776K and total assets of $21.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fruitlands Museums Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fruitlands Museums Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $516K |
| Total Expenses | $940K |
| Surplus / Deficit | $-423,951 |
| Total Assets | $19.4M |
| Total Liabilities | $422K |
| Net Assets | $18.9M |
| Operating Margin | -82.1% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 247.2 months |
Financial Health Grade: B
In 2023, Fruitlands Museums Inc reported a deficit of $424K with expenses exceeding revenue, holds 247.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Fruitlands Museums Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | -19.5% | -13.9% |
| 2022 | +105.8% | +26.0% | +3.1% |
| 2021 | -38.7% | -23.6% | +35.1% |
| 2020 | -29.2% | -4.2% | -7.3% |
| 2019 | +7.6% | -0.1% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fruitlands Museums 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 Fruitlands Museums 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 $424K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Fruitlands Museums Inc
Is Fruitlands Museums Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fruitlands Museums Inc (EIN: 42125003) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fruitlands Museums Inc spend its money?
Detailed spending breakdown data is not yet available for Fruitlands Museums Inc. Check back for updated IRS 990 analysis.
Are donations to Fruitlands Museums Inc tax-deductible?
Fruitlands Museums Inc is registered as a tax-exempt nonprofit (EIN: 42125003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fruitlands Museums Inc located?
Fruitlands Museums Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 42125003. It is classified under NTEE code A540.
How many years of IRS 990 filings does Fruitlands Museums Inc have?
Fruitlands Museums Inc has 14 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 $776K in total revenue.
Filing History
IRS 990 filing history for Fruitlands Museums Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Fruitlands Museums Inc's revenue has declined by 55%, moving from $1.1M to $516K. Total assets increased by 35.2% over the same period, from $14.3M to $19.4M. Total functional expenses fell by 23.5%, from $1.2M to $940K. In its most recent filing year (2023), Fruitlands Museums Inc reported a deficit of $424K, with expenses exceeding revenue. The organization holds $422K in liabilities against $19.4M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $18.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $516K | $940K | $19.4M | $422K | — | View 990 |
| 2022 | $523K | $1.2M | $22.5M | $1.8M | — | View 990 |
| 2021 | $254K | $926K | $21.8M | $1.2M | — | View 990 |
| 2020 | $414K | $1.2M | $16.1M | $777K | — | View 990 |
| 2019 | $585K | $1.3M | $17.4M | $454K | — | View 990 |
| 2018 | $544K | $1.3M | $16.9M | $475K | — | View 990 |
| 2017 | $18K | $194K | $16.4M | $725K | — | View 990 |
| 2016 | $515K | $1.7M | $15.9M | $513K | — | View 990 |
| 2015 | $1.4M | $1.6M | $16.0M | $191K | — | View 990 |
| 2014 | $1.5M | $1.5M | $16.3M | $186K | — | View 990 |
| 2013 | $1.3M | $1.5M | $16.1M | $302K | — | View 990 |
| 2012 | $1.3M | $1.4M | $14.4M | $95K | — | View 990 |
| 2011 | $1.4M | $1.5M | $13.9M | $157K | — | View 990 |
| 2010 | $1.1M | $1.2M | $14.3M | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $516K, expenses of $940K, and assets of $19.4M (revenue -1.3% year-over-year).
- 2022: Revenue of $523K, expenses of $1.2M, and assets of $22.5M (revenue +105.8% year-over-year).
- 2021: Revenue of $254K, expenses of $926K, and assets of $21.8M (revenue -38.7% year-over-year).
- 2020: Revenue of $414K, expenses of $1.2M, and assets of $16.1M (revenue -29.2% year-over-year).
- 2019: Revenue of $585K, expenses of $1.3M, and assets of $17.4M (revenue +7.6% year-over-year).
- 2018: Revenue of $544K, expenses of $1.3M, and assets of $16.9M (revenue +2955.1% year-over-year).
- 2017: Revenue of $18K, expenses of $194K, and assets of $16.4M (revenue -96.5% year-over-year).
- 2016: Revenue of $515K, expenses of $1.7M, and assets of $15.9M (revenue -64.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.6M, and assets of $16.0M (revenue -2.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $16.3M (revenue +17.1% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.5M, and assets of $16.1M (revenue +0.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $14.4M (revenue -9.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $13.9M (revenue +21.5% year-over-year).
- 2010: Revenue of $1.1M, expenses of $1.2M, and assets of $14.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fruitlands Museums Inc:
Data Sources and Methodology
This transparency report for Fruitlands Museums 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.