India Heritage Foundation Boston
EIN: 820639698 · Shrewsbury, MA · NTEE: X70
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $410K |
| Net Assets | $4.0M |
Is India Heritage Foundation Boston Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About India Heritage Foundation Boston
India Heritage Foundation Boston (EIN: 820639698) is a nonprofit organization based in Shrewsbury, MA, classified under NTEE code X70. The organization reported total revenue of $361K and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of India Heritage Foundation Boston's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
India Heritage Foundation Boston is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 88.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $965K |
| Total Expenses | $410K |
| Surplus / Deficit | +$554K |
| Total Assets | $4.9M |
| Total Liabilities | $842K |
| Net Assets | $4.0M |
| Operating Margin | 57.5% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 142.7 months |
Financial Health Grade: A
In 2023, India Heritage Foundation Boston reported a surplus of $554K with revenue exceeding expenses, holds 142.7 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), India Heritage Foundation Boston's revenue has grown at a compound annual growth rate (CAGR) of 88.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.9% | +50.2% | +11.9% |
| 2022 | +541.4% | +55.7% | +186.6% |
| 2021 | -70.2% | +33.5% | +12.6% |
| 2020 | +318.7% | -24.6% | +181.2% |
| 2019 | -14.1% | +17.5% | +126.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for India Heritage Foundation Boston 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 India Heritage Foundation Boston 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 surplus of $554K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.3%.
Frequently Asked Questions about India Heritage Foundation Boston
Is India Heritage Foundation Boston a legitimate charity?
Based on AI analysis of IRS 990 filings, India Heritage Foundation Boston (EIN: 820639698) insufficient data. 0 red flags identified, 0 strengths noted.
How does India Heritage Foundation Boston spend its money?
Detailed spending breakdown data is not yet available for India Heritage Foundation Boston. Check back for updated IRS 990 analysis.
Are donations to India Heritage Foundation Boston tax-deductible?
India Heritage Foundation Boston is registered as a tax-exempt nonprofit (EIN: 820639698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is India Heritage Foundation Boston located?
India Heritage Foundation Boston is headquartered in Shrewsbury, Massachusetts and files with the IRS under EIN 820639698. It is classified under NTEE code X70.
How many years of IRS 990 filings does India Heritage Foundation Boston have?
India Heritage Foundation Boston has 7 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 $361K in total revenue.
Filing History
IRS 990 filing history for India Heritage Foundation Boston showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), India Heritage Foundation Boston's revenue has grown by 4326.3%, moving from $22K to $965K. Total assets increased by 23826.9% over the same period, from $20K to $4.9M. Total functional expenses rose by 28926.7%, from $1K to $410K. In its most recent filing year (2023), India Heritage Foundation Boston reported a surplus of $554K, with revenue exceeding expenses. The organization holds $842K in liabilities against $4.9M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $965K | $410K | $4.9M | $842K | — | — |
| 2022 | $2.2M | $273K | $4.4M | $879K | — | View 990 |
| 2021 | $349K | $175K | $1.5M | $6K | — | View 990 |
| 2020 | $1.2M | $131K | $1.4M | $9K | — | — |
| 2019 | $279K | $174K | $480K | $178K | — | View 990 |
| 2018 | $325K | $148K | $212K | $15K | — | View 990 |
| 2017 | $22K | $1K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $965K, expenses of $410K, and assets of $4.9M (revenue -56.9% year-over-year).
- 2022: Revenue of $2.2M, expenses of $273K, and assets of $4.4M (revenue +541.4% year-over-year).
- 2021: Revenue of $349K, expenses of $175K, and assets of $1.5M (revenue -70.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $131K, and assets of $1.4M (revenue +318.7% year-over-year).
- 2019: Revenue of $279K, expenses of $174K, and assets of $480K (revenue -14.1% year-over-year).
- 2018: Revenue of $325K, expenses of $148K, and assets of $212K (revenue +1392.5% year-over-year).
- 2017: Revenue of $22K, expenses of $1K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for India Heritage Foundation Boston:
Data Sources and Methodology
This transparency report for India Heritage Foundation Boston 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.