Hungarian Boy Scout Association In Exile Inc
Hungarian Boy Scout Association In Exile: Strong Asset Growth, Inconsistent Revenue
EIN: 221735726 · Newfoundland, NJ · NTEE: O41Z · Updated: 2026-04-04
About Hungarian Boy Scout Association In Exile Inc
Hungarian Boy Scout Association In Exile Inc (EIN: 221735726) is a nonprofit organization based in Newfoundland, NJ, classified under NTEE code O41Z. The organization reported total revenue of $998K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hungarian Boy Scout Association In Exile 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 Hungarian Boy Scout Association In Exile 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Hungarian Boy Scout Association In Exile Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-led organization or compensation below IRS reporting thresholds, which could be a strength for program funding but also a potential area for deeper investigation regarding leadership sustainabi
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 Hungarian Boy Scout Association In Exile Inc's IRS 990 filings:
- Revenue has been highly inconsistent, fluctuating from $343,888 in 2021 to $886,477 in 2022, making financial forecasting challenging.
- The consistent reporting of 0% compensation for all years could indicate a lack of transparency if compensation is indeed being paid but not reported, or it could signify a fully volunteer-run organization, which should be clarified.
Strengths
The following positive indicators were identified for Hungarian Boy Scout Association In Exile Inc:
- The organization has demonstrated consistent asset growth, from $1,017,000 in 2016 to $2,985,207 in 2023, indicating strong financial management and accumulation of resources.
- Low liabilities relative to assets across all years (e.g., $26,544 in liabilities vs. $2,624,075 in assets in 2023) suggest a healthy balance sheet.
- Despite revenue fluctuations, the organization has consistently maintained positive net assets.
Frequently Asked Questions about Hungarian Boy Scout Association In Exile Inc
What does Hungarian Boy Scout Association In Exile Inc do?
Hungarian Boy Scout Association In Exile Inc is a nonprofit organization in the Youth Development sector, located in Newfoundland, New Jersey. It is classified under NTEE code O41Z.
How much revenue does Hungarian Boy Scout Association In Exile Inc have?
Hungarian Boy Scout Association In Exile Inc reported total revenue of $998,383. Based on 14 IRS 990 filings on record.
What are Hungarian Boy Scout Association In Exile Inc's total assets?
Hungarian Boy Scout Association In Exile Inc holds total assets of $2,985,207 as reported in IRS 990 filings.
Where is Hungarian Boy Scout Association In Exile Inc located?
Hungarian Boy Scout Association In Exile Inc is based in Newfoundland, New Jersey.
What is Hungarian Boy Scout Association In Exile Inc's EIN?
Hungarian Boy Scout Association In Exile Inc's Employer Identification Number (EIN) is 221735726. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hungarian Boy Scout Association In Exile Inc?
Hungarian Boy Scout Association In Exile Inc is classified under NTEE code O41Z (Youth Development).
Is Hungarian Boy Scout Association In Exile Inc a registered 501(c)(3)?
Yes, Hungarian Boy Scout Association In Exile Inc is recognized as a tax-exempt organization by the IRS. EIN: 221735726.
Does Hungarian Boy Scout Association In Exile Inc file IRS Form 990?
Yes, Hungarian Boy Scout Association In Exile Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202305.
What was Hungarian Boy Scout Association In Exile Inc's revenue in 2023?
In the 202305 filing period, Hungarian Boy Scout Association In Exile Inc reported total revenue of $692,991, total expenses of $445,598, and net assets of $2,624,075.
Is Hungarian Boy Scout Association In Exile Inc's revenue growing or declining?
Hungarian Boy Scout Association In Exile Inc's revenue is declining. Revenue went from $886,477 (202205) to $692,991 (202305), a -21.8% change. Based on 14 filings on record.
What is Hungarian Boy Scout Association In Exile Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hungarian Boy Scout Association In Exile Inc covers tax period 202305. It shows revenue of $692,991, expenses of $445,598, total assets of $2,624,075, and liabilities of $26,544.
How much does Hungarian Boy Scout Association In Exile Inc spend on programs vs administration?
Based on IRS 990 analysis, Hungarian Boy Scout Association In Exile Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Hungarian Boy Scout Association In Exile Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hungarian Boy Scout Association In Exile Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Hungarian Boy Scout Association In Exile Inc?
The following concerns were identified: Revenue has been highly inconsistent, fluctuating from $343,888 in 2021 to $886,477 in 2022, making financial forecasting challenging.. The consistent reporting of 0% compensation for all years could indicate a lack of transparency if compensation is indeed being paid but not reported, or it could signify a fully volunteer-run organization, which should be clarified.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hungarian Boy Scout Association In Exile Inc's strengths?
Positive indicators for Hungarian Boy Scout Association In Exile Inc include: The organization has demonstrated consistent asset growth, from $1,017,000 in 2016 to $2,985,207 in 2023, indicating strong financial management and accumulation of resources.. Low liabilities relative to assets across all years (e.g., $26,544 in liabilities vs. $2,624,075 in assets in 2023) suggest a healthy balance sheet.. Despite revenue fluctuations, the organization has consistently maintained positive net assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Hungarian Boy Scout Association In Exile Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-led organization or compensation below IRS reporting thresholds, which could be a strength for program funding but also a potential area for deeper investigation regarding leadership sustainabi Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'In Exile' designation, how does the organization's mission and operational strategy adapt to its unique geopolitical context and potential shifts in the political landscape of Hungary?
The 'In Exile' status likely influences its fundraising appeals, program focus (e.g., cultural preservation, youth development for diaspora), and potential for future engagement or return to Hungary. Understanding this strategic adaptation is key to assessing long-term impact.
What specific programs or initiatives are driving the significant asset growth, particularly the jump from $2,394,168 in 2022 to $2,985,207 in 2023, and how are these assets being utilized to further the mission?
While assets are growing, the filings don't detail the nature of these assets (e.g., investments, property). Understanding the specific asset types and their direct link to program delivery would provide insight into the organization's strategic financial planning and mission effectiveness.
Filing History
IRS 990 filing history for Hungarian Boy Scout Association In Exile Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hungarian Boy Scout Association In Exile Inc's revenue has grown by 194.3%, moving from $235K to $693K. Total assets increased by 381.9% over the same period, from $545K to $2.6M. Total functional expenses rose by 146.7%, from $181K to $446K. In its most recent filing year (2023), Hungarian Boy Scout Association In Exile Inc reported a surplus of $247K, with revenue exceeding expenses. The organization holds $27K in liabilities against $2.6M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $693K | $446K | $2.6M | $27K | — | View 990 |
| 2022 | $886K | $628K | $2.4M | $59K | — | View 990 |
| 2021 | $344K | $157K | $2.2M | $85K | — | View 990 |
| 2020 | $496K | $380K | $1.6M | $72K | — | View 990 |
| 2019 | $483K | $404K | $1.5M | $31K | — | View 990 |
| 2018 | $488K | $277K | $1.4M | $36K | — | View 990 |
| 2017 | $491K | $280K | $1.2M | $52K | — | View 990 |
| 2016 | $490K | $444K | $1.0M | $75K | — | View 990 |
| 2015 | $291K | $308K | $911K | $15K | — | View 990 |
| 2014 | $370K | $250K | $923K | $9K | — | View 990 |
| 2013 | $329K | $250K | $802K | $9K | — | View 990 |
| 2012 | $345K | $236K | $741K | $27K | — | View 990 |
| 2011 | $301K | $233K | $612K | $7K | — | View 990 |
| 2010 | $235K | $181K | $545K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $693K, expenses of $446K, and assets of $2.6M (revenue -21.8% year-over-year).
- 2022: Revenue of $886K, expenses of $628K, and assets of $2.4M (revenue +157.8% year-over-year).
- 2021: Revenue of $344K, expenses of $157K, and assets of $2.2M (revenue -30.7% year-over-year).
- 2020: Revenue of $496K, expenses of $380K, and assets of $1.6M (revenue +2.8% year-over-year).
- 2019: Revenue of $483K, expenses of $404K, and assets of $1.5M (revenue -1.0% year-over-year).
- 2018: Revenue of $488K, expenses of $277K, and assets of $1.4M (revenue -0.7% year-over-year).
- 2017: Revenue of $491K, expenses of $280K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2016: Revenue of $490K, expenses of $444K, and assets of $1.0M (revenue +68.4% year-over-year).
- 2015: Revenue of $291K, expenses of $308K, and assets of $911K (revenue -21.3% year-over-year).
- 2014: Revenue of $370K, expenses of $250K, and assets of $923K (revenue +12.3% year-over-year).
- 2013: Revenue of $329K, expenses of $250K, and assets of $802K (revenue -4.6% year-over-year).
- 2012: Revenue of $345K, expenses of $236K, and assets of $741K (revenue +14.5% year-over-year).
- 2011: Revenue of $301K, expenses of $233K, and assets of $612K (revenue +28.0% year-over-year).
- 2010: Revenue of $235K, expenses of $181K, and assets of $545K.
Data Sources and Methodology
This transparency report for Hungarian Boy Scout Association In Exile 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.