Massachusetts Family Institute Inc
EIN: 43113783 · Wakefield, MA · NTEE: E70Z
Is Massachusetts Family Institute Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Massachusetts Family Institute Inc
Massachusetts Family Institute Inc (EIN: 43113783) is a nonprofit organization based in Wakefield, MA, classified under NTEE code E70Z. The organization reported total revenue of $1.1M and total assets of $999K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Family Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Massachusetts Family Institute 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 Massachusetts Family Institute 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.
Frequently Asked Questions about Massachusetts Family Institute Inc
Is Massachusetts Family Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Massachusetts Family Institute Inc (EIN: 43113783) insufficient data. 0 red flags identified, 0 strengths noted.
How does Massachusetts Family Institute Inc spend its money?
Detailed spending breakdown data is not yet available for Massachusetts Family Institute Inc. Check back for updated IRS 990 analysis.
Are donations to Massachusetts Family Institute Inc tax-deductible?
Massachusetts Family Institute Inc is registered as a tax-exempt nonprofit (EIN: 43113783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Massachusetts Family Institute Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Massachusetts Family Institute Inc's revenue has grown by 127.3%, moving from $356K to $809K. Total assets increased by 1219.6% over the same period, from $71K to $940K. Total functional expenses rose by 222.6%, from $331K to $1.1M. In its most recent filing year (2023), Massachusetts Family Institute Inc reported a deficit of $258K, with expenses exceeding revenue. The organization holds $16K in liabilities against $940K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $923K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $809K | $1.1M | $940K | $16K | — | — |
| 2022 | $1.4M | $768K | $1.1M | $13K | — | View 990 |
| 2021 | $897K | $641K | $569K | $9K | — | View 990 |
| 2020 | $598K | $544K | $327K | $69K | — | View 990 |
| 2019 | $573K | $539K | $207K | $14K | — | View 990 |
| 2018 | $527K | $536K | $157K | $14K | — | View 990 |
| 2017 | $495K | $484K | $169K | $12K | — | View 990 |
| 2016 | $508K | $461K | $156K | $14K | — | View 990 |
| 2015 | $410K | $508K | $105K | $11K | — | View 990 |
| 2014 | $522K | $521K | $218K | $27K | — | View 990 |
| 2013 | $538K | $416K | $208K | $21K | — | View 990 |
| 2012 | $441K | $489K | $102K | $44K | — | View 990 |
| 2011 | $180K | $112K | $123K | $21K | — | View 990 |
| 2011 | $356K | $331K | $71K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $809K, expenses of $1.1M, and assets of $940K (revenue -40.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $768K, and assets of $1.1M (revenue +51.1% year-over-year).
- 2021: Revenue of $897K, expenses of $641K, and assets of $569K (revenue +49.8% year-over-year).
- 2020: Revenue of $598K, expenses of $544K, and assets of $327K (revenue +4.5% year-over-year).
- 2019: Revenue of $573K, expenses of $539K, and assets of $207K (revenue +8.7% year-over-year).
- 2018: Revenue of $527K, expenses of $536K, and assets of $157K (revenue +6.5% year-over-year).
- 2017: Revenue of $495K, expenses of $484K, and assets of $169K (revenue -2.5% year-over-year).
- 2016: Revenue of $508K, expenses of $461K, and assets of $156K (revenue +23.7% year-over-year).
- 2015: Revenue of $410K, expenses of $508K, and assets of $105K (revenue -21.4% year-over-year).
- 2014: Revenue of $522K, expenses of $521K, and assets of $218K (revenue -3.0% year-over-year).
- 2013: Revenue of $538K, expenses of $416K, and assets of $208K (revenue +22.1% year-over-year).
- 2012: Revenue of $441K, expenses of $489K, and assets of $102K (revenue +144.7% year-over-year).
- 2011: Revenue of $180K, expenses of $112K, and assets of $123K (revenue -49.4% year-over-year).
- 2011: Revenue of $356K, expenses of $331K, and assets of $71K.
Data Sources and Methodology
This transparency report for Massachusetts Family Institute 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.