Josiah Quincy School Association
Josiah Quincy School Association demonstrates strong program spending and asset growth with no executive compensation.
EIN: 10689523 · Boston, MA · NTEE: B112 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $311K |
| Total Expenses | $110K |
| Program Spending | 90% |
| Net Assets | $578K |
| Transparency Score | 92/100 |
Is Josiah Quincy School Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Josiah Quincy School Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Josiah Quincy School Association
Josiah Quincy School Association (EIN: 10689523) is a nonprofit organization based in Boston, MA, classified under NTEE code B112. The organization reported total revenue of $311K and total assets of $647K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Josiah Quincy School Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Josiah Quincy School Association is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $110K |
| Surplus / Deficit | +$138K |
| Total Assets | $578K |
| Net Assets | $578K |
| Operating Margin | 55.8% |
| Months of Reserves | 63.3 months |
Financial Health Grade: A
In 2024, Josiah Quincy School Association reported a surplus of $138K with revenue exceeding expenses, holds 63.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Josiah Quincy School Association's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +64.7% | +147.6% | +31.4% |
| 2023 | +576.9% | +266.8% | +31.8% |
| 2022 | -75.7% | +62.6% | +3.1% |
| 2021 | +241.2% | -88.0% | +35.2% |
| 2020 | -86.7% | -29.6% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 5200 |
| IRS Ruling Date | 2003 |
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 Josiah Quincy School Association with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Josiah Quincy School Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $138K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers or key employees receive salaries from the organization. This is highly commendable and suggests a volunteer-driven leadership structure, maximizing funds available for programs.
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.
Strengths
The following positive indicators were identified for Josiah Quincy School Association:
- Strong program spending ratio (90% in 202406).
- Zero reported liabilities across all filing periods.
- No officer compensation, maximizing funds for programs.
- Consistent asset growth, indicating financial stability and capacity.
- Significant revenue growth in recent years (e.g., $22,224 in 202206 to $247,780 in 202406).
Frequently Asked Questions about Josiah Quincy School Association
Is Josiah Quincy School Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Josiah Quincy School Association (EIN: 10689523) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Josiah Quincy School Association spend its money?
Josiah Quincy School Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Josiah Quincy School Association tax-deductible?
Josiah Quincy School Association is registered as a tax-exempt nonprofit (EIN: 10689523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Josiah Quincy School Association's spending goes to programs?
Josiah Quincy School Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Josiah Quincy School Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Josiah Quincy School Association is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Josiah Quincy School Association located?
Josiah Quincy School Association is headquartered in Boston, Massachusetts and files with the IRS under EIN 10689523. It is classified under NTEE code B112.
How many years of IRS 990 filings does Josiah Quincy School Association have?
Josiah Quincy School Association 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 $311K in total revenue.
Is Josiah Quincy School Association a good charity?
Yes, based on the provided IRS 990 data, the Josiah Quincy School Association appears to be a very good charity. They exhibit strong program spending (90% in the latest period), no executive compensation, and consistent asset growth without liabilities.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, especially in recent years. Revenue has grown from $22,224 in 202206 to $247,780 in 202406, and assets have increased from $333,613 to $578,096 in the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all filings, meaning no salaries are paid to officers or key employees. This is a highly efficient and transparent approach, ensuring all funds are directed towards the mission.
Filing History
IRS 990 filing history for Josiah Quincy School Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Josiah Quincy School Association's revenue has grown by 113.6%, moving from $116K to $248K. Total assets increased by 759.1% over the same period, from $67K to $578K. Total functional expenses rose by 36.7%, from $80K to $110K. In its most recent filing year (2024), Josiah Quincy School Association reported a surplus of $138K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $248K | $110K | $578K | $0 | — | — |
| 2023 | $150K | $44K | $440K | $0 | — | View 990 |
| 2022 | $22K | $12K | $334K | $0 | — | View 990 |
| 2021 | $92K | $7K | $323K | $0 | — | — |
| 2020 | $27K | $62K | $239K | $0 | — | View 990 |
| 2019 | $201K | $88K | $274K | $0 | — | View 990 |
| 2018 | $141K | $110K | $161K | $0 | — | View 990 |
| 2017 | $149K | $80K | $130K | $0 | — | View 990 |
| 2016 | $73K | $61K | $61K | $0 | — | View 990 |
| 2015 | $48K | $65K | $50K | $0 | — | View 990 |
| 2014 | $53K | $58K | $65K | $0 | — | View 990 |
| 2013 | $58K | $55K | $70K | $0 | — | View 990 |
| 2012 | $116K | $80K | $67K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $248K, expenses of $110K, and assets of $578K (revenue +64.7% year-over-year).
- 2023: Revenue of $150K, expenses of $44K, and assets of $440K (revenue +576.9% year-over-year).
- 2022: Revenue of $22K, expenses of $12K, and assets of $334K (revenue -75.7% year-over-year).
- 2021: Revenue of $92K, expenses of $7K, and assets of $323K (revenue +241.2% year-over-year).
- 2020: Revenue of $27K, expenses of $62K, and assets of $239K (revenue -86.7% year-over-year).
- 2019: Revenue of $201K, expenses of $88K, and assets of $274K (revenue +42.9% year-over-year).
- 2018: Revenue of $141K, expenses of $110K, and assets of $161K (revenue -5.4% year-over-year).
- 2017: Revenue of $149K, expenses of $80K, and assets of $130K (revenue +105.0% year-over-year).
- 2016: Revenue of $73K, expenses of $61K, and assets of $61K (revenue +51.6% year-over-year).
- 2015: Revenue of $48K, expenses of $65K, and assets of $50K (revenue -9.5% year-over-year).
- 2014: Revenue of $53K, expenses of $58K, and assets of $65K (revenue -8.6% year-over-year).
- 2013: Revenue of $58K, expenses of $55K, and assets of $70K (revenue -50.1% year-over-year).
- 2012: Revenue of $116K, expenses of $80K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Josiah Quincy School Association:
Data Sources and Methodology
This transparency report for Josiah Quincy School Association 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.