Mothers Milk Bank Northeast Inc
Mothers Milk Bank Northeast Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 208063509 · Newton U F, MA · NTEE: E70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Mothers Milk Bank Northeast Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mothers Milk Bank Northeast Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mothers Milk Bank Northeast Inc
Mothers Milk Bank Northeast Inc (EIN: 208063509) is a nonprofit organization based in Newton U F, MA, classified under NTEE code E70. The organization reported total revenue of $3.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mothers Milk Bank Northeast Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mothers Milk Bank Northeast Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$461K |
| Total Assets | $1.8M |
| Total Liabilities | $428K |
| Net Assets | $1.3M |
| Operating Margin | 20.1% |
| Debt-to-Asset Ratio | 24.2% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, Mothers Milk Bank Northeast Inc reported a surplus of $461K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 24.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mothers Milk Bank Northeast Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.7% | +7.9% | +2.1% |
| 2022 | -7.5% | -3.1% | +36.9% |
| 2021 | -8.7% | +4.8% | -13.9% |
| 2020 | +13.3% | +27.2% | +7.5% |
| 2019 | +8.2% | +6.2% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Mothers Milk Bank Northeast Inc with a Mission Score of 90 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Mothers Milk Bank Northeast Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $461K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation directly to the mission.
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 Mothers Milk Bank Northeast Inc's IRS 990 filings:
- Significant increase in liabilities in 2022 ($732,649) compared to prior years, though reduced in 2023.
- Expenses ($1,695,804) exceeded revenue ($1,471,931) in 2022, indicating a deficit for that period.
Strengths
The following positive indicators were identified for Mothers Milk Bank Northeast Inc:
- Consistent and strong revenue growth over the past decade, from $712,167 in 2014 to $2,291,782 in 2023.
- No reported officer compensation across all available filings, suggesting high efficiency in directing funds to mission.
- Healthy asset accumulation, growing from $490,318 in 2014 to $1,767,798 in 2023.
- Generally effective expense management, with revenue exceeding expenses in most years, contributing to asset growth.
- Strong recovery in 2023, with revenue exceeding expenses and a reduction in liabilities after a challenging 2022.
Frequently Asked Questions about Mothers Milk Bank Northeast Inc
Is Mothers Milk Bank Northeast Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mothers Milk Bank Northeast Inc (EIN: 208063509) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Mothers Milk Bank Northeast Inc spend its money?
Mothers Milk Bank Northeast Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mothers Milk Bank Northeast Inc tax-deductible?
Mothers Milk Bank Northeast Inc is registered as a tax-exempt nonprofit (EIN: 208063509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mothers Milk Bank Northeast Inc's spending goes to programs?
Mothers Milk Bank Northeast Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mothers Milk Bank Northeast Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mothers Milk Bank Northeast Inc is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mothers Milk Bank Northeast Inc located?
Mothers Milk Bank Northeast Inc is headquartered in Newton U F, Massachusetts and files with the IRS under EIN 208063509. It is classified under NTEE code E70.
How many years of IRS 990 filings does Mothers Milk Bank Northeast Inc have?
Mothers Milk Bank Northeast Inc 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 $3.3M in total revenue.
Is Mothers Milk Bank Northeast Inc a good charity?
Based on the provided financial data, Mothers Milk Bank Northeast Inc appears to be a good charity. It demonstrates consistent revenue growth, strong asset accumulation, and no reported officer compensation, suggesting efficient use of funds towards its mission.
How has the organization's revenue trended over time?
The organization has shown a strong upward trend in revenue, growing from $712,167 in 2014 to $2,291,782 in 2023, with the latest reported revenue being $3,278,670, indicating significant growth and increasing support.
What is the organization's financial stability?
Mothers Milk Bank Northeast Inc exhibits good financial stability, with assets consistently growing over the past decade, reaching $1,767,798 in 2023, and generally managing expenses within revenue, except for a slight dip in 2022.
Are there any concerns regarding liabilities?
While liabilities significantly increased in 2022 to $732,649, they were reduced to $427,729 in 2023, indicating that the organization is actively managing its debt and has shown a capacity to recover from higher liability periods.
Filing History
IRS 990 filing history for Mothers Milk Bank Northeast Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mothers Milk Bank Northeast Inc's revenue has grown by 1001.8%, moving from $208K to $2.3M. Total assets increased by 2106% over the same period, from $80K to $1.8M. Total functional expenses rose by 582.9%, from $268K to $1.8M. In its most recent filing year (2023), Mothers Milk Bank Northeast Inc reported a surplus of $461K, with revenue exceeding expenses. The organization holds $428K in liabilities against $1.8M in assets (debt-to-asset ratio: 24.2%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.8M | $1.8M | $428K | — | — |
| 2022 | $1.5M | $1.7M | $1.7M | $733K | — | View 990 |
| 2021 | $1.6M | $1.8M | $1.3M | $42K | — | View 990 |
| 2020 | $1.7M | $1.7M | $1.5M | $89K | — | — |
| 2019 | $1.5M | $1.3M | $1.4M | $59K | — | View 990 |
| 2018 | $1.4M | $1.2M | $1.1M | $33K | — | View 990 |
| 2017 | $1.2M | $1.1M | $953K | $54K | — | View 990 |
| 2016 | $1.1M | $983K | $747K | $33K | — | View 990 |
| 2015 | $922K | $807K | $601K | $18K | — | View 990 |
| 2014 | $712K | $536K | $490K | $22K | — | View 990 |
| 2013 | $584K | $372K | $327K | $35K | — | View 990 |
| 2012 | $300K | $178K | $116K | $36K | — | View 990 |
| 2011 | $208K | $268K | $80K | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.8M, and assets of $1.8M (revenue +55.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.7M, and assets of $1.7M (revenue -7.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.8M, and assets of $1.3M (revenue -8.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue +13.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.3M, and assets of $1.4M (revenue +8.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $1.1M (revenue +14.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $953K (revenue +16.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $983K, and assets of $747K (revenue +16.0% year-over-year).
- 2015: Revenue of $922K, expenses of $807K, and assets of $601K (revenue +29.5% year-over-year).
- 2014: Revenue of $712K, expenses of $536K, and assets of $490K (revenue +22.0% year-over-year).
- 2013: Revenue of $584K, expenses of $372K, and assets of $327K (revenue +94.2% year-over-year).
- 2012: Revenue of $300K, expenses of $178K, and assets of $116K (revenue +44.4% year-over-year).
- 2011: Revenue of $208K, expenses of $268K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mothers Milk Bank Northeast Inc:
Data Sources and Methodology
This transparency report for Mothers Milk Bank Northeast 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.