Globe Newspaper Co & Newspaper
EIN: 42775729 · Boston, MA
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Net Assets | $486K |
Is Globe Newspaper Co & Newspaper Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Globe Newspaper Co & Newspaper
Globe Newspaper Co & Newspaper (EIN: 42775729) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $2.0M and total assets of $485K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Globe Newspaper Co & Newspaper's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Globe Newspaper Co & Newspaper is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-126,692 |
| Total Assets | $501K |
| Total Liabilities | $15K |
| Net Assets | $486K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Globe Newspaper Co & Newspaper reported a deficit of $127K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Globe Newspaper Co & Newspaper's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | -5.8% | -28.7% |
| 2022 | -13.3% | -6.8% | -32.7% |
| 2021 | +19.9% | -6.3% | -14.1% |
| 2020 | +108.5% | -4.1% | -26.4% |
| 2019 | +707.7% | +3700.0% | -52.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Globe Newspaper Co & Newspaper 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 Globe Newspaper Co & Newspaper 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 $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Frequently Asked Questions about Globe Newspaper Co & Newspaper
Is Globe Newspaper Co & Newspaper a legitimate charity?
Globe Newspaper Co & Newspaper (EIN: 42775729) is a registered tax-exempt nonprofit based in Massachusetts. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. Financial health grade: C.
How does Globe Newspaper Co & Newspaper spend its money?
Globe Newspaper Co & Newspaper reported $2.0M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Globe Newspaper Co & Newspaper tax-deductible?
Globe Newspaper Co & Newspaper is registered as a tax-exempt nonprofit (EIN: 42775729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Globe Newspaper Co & Newspaper located?
Globe Newspaper Co & Newspaper is headquartered in Boston, Massachusetts and files with the IRS under EIN 42775729.
How many years of IRS 990 filings does Globe Newspaper Co & Newspaper have?
Globe Newspaper Co & Newspaper 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for Globe Newspaper Co & Newspaper showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Globe Newspaper Co & Newspaper's revenue has declined by 32.3%, moving from $2.8M to $1.9M. Total assets decreased by 83.6% over the same period, from $3.1M to $501K. Total functional expenses rose by 0.9%, from $2.0M to $2.0M. In its most recent filing year (2023), Globe Newspaper Co & Newspaper reported a deficit of $127K, with expenses exceeding revenue. The organization holds $15K in liabilities against $501K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $486K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $501K | $15K | — | View 990 |
| 2022 | $1.9M | $2.1M | $702K | $46K | — | View 990 |
| 2021 | $2.2M | $2.3M | $1.0M | $94K | — | View 990 |
| 2020 | $1.8M | $2.5M | $1.2M | $363K | — | — |
| 2019 | $879K | $2.6M | $1.6M | $71K | — | View 990 |
| 2018 | $109K | $67K | $3.5M | $91K | — | View 990 |
| 2017 | $86K | $53K | $3.2M | $2K | — | View 990 |
| 2016 | $1.3M | $2.0M | $3.1M | $0 | — | View 990 |
| 2015 | $2.7M | $2.7M | $4.0M | $208K | — | View 990 |
| 2014 | $2.7M | $2.5M | $4.1M | $407K | — | View 990 |
| 2013 | $2.6M | $2.5M | $3.9M | $417K | — | View 990 |
| 2012 | $2.7M | $2.2M | $3.9M | $537K | — | View 990 |
| 2011 | $2.8M | $2.0M | $3.1M | $211K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $501K (revenue -0.7% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.1M, and assets of $702K (revenue -13.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.3M, and assets of $1.0M (revenue +19.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.5M, and assets of $1.2M (revenue +108.5% year-over-year).
- 2019: Revenue of $879K, expenses of $2.6M, and assets of $1.6M (revenue +707.7% year-over-year).
- 2018: Revenue of $109K, expenses of $67K, and assets of $3.5M (revenue +27.2% year-over-year).
- 2017: Revenue of $86K, expenses of $53K, and assets of $3.2M (revenue -93.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $2.0M, and assets of $3.1M (revenue -52.3% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.7M, and assets of $4.0M (revenue +0.1% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.5M, and assets of $4.1M (revenue +2.3% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $3.9M (revenue -2.8% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.2M, and assets of $3.9M (revenue -2.8% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.0M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Globe Newspaper Co & Newspaper:
Data Sources and Methodology
This transparency report for Globe Newspaper Co & Newspaper 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.