Nashua Street Corporation
EIN: 50509674 · Providence, RI · NTEE: F33
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $192K |
| Net Assets | $658K |
Is Nashua Street Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nashua Street Corporation
Nashua Street Corporation (EIN: 50509674) is a nonprofit organization based in Providence, RI, classified under NTEE code F33. The organization reported total revenue of $159K and total assets of $833K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nashua Street Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nashua Street Corporation is a small nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $192K |
| Surplus / Deficit | $-37,239 |
| Total Assets | $846K |
| Total Liabilities | $188K |
| Net Assets | $658K |
| Operating Margin | -24.1% |
| Debt-to-Asset Ratio | 22.3% |
| Months of Reserves | 52.9 months |
Financial Health Grade: B
In 2023, Nashua Street Corporation reported a deficit of $37K with expenses exceeding revenue, holds 52.9 months of operating reserves (strong position), has a debt-to-asset ratio of 22.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Nashua Street Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +19.8% | -2.0% |
| 2022 | +0.1% | +5.3% | +0.3% |
| 2021 | -0.1% | +8.8% | +0.7% |
| 2020 | +28.0% | -11.3% | +1.3% |
| 2019 | +25.8% | +34.9% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nashua Street Corporation 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 Nashua Street Corporation 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 deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.3%.
Frequently Asked Questions about Nashua Street Corporation
Is Nashua Street Corporation a legitimate charity?
Nashua Street Corporation (EIN: 50509674) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $159K. No red flags identified. Financial health grade: B.
How does Nashua Street Corporation spend its money?
Nashua Street Corporation reported $159K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nashua Street Corporation tax-deductible?
Nashua Street Corporation is registered as a tax-exempt nonprofit (EIN: 50509674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nashua Street Corporation located?
Nashua Street Corporation is headquartered in Providence, Rhode Island and files with the IRS under EIN 50509674. It is classified under NTEE code F33.
How many years of IRS 990 filings does Nashua Street Corporation have?
Nashua Street Corporation has 14 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 $159K in total revenue.
Filing History
IRS 990 filing history for Nashua Street Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Nashua Street Corporation's revenue has grown by 42.9%, moving from $108K to $155K. Total assets decreased by 18.6% over the same period, from $1.0M to $846K. Total functional expenses rose by 65.1%, from $116K to $192K. In its most recent filing year (2023), Nashua Street Corporation reported a deficit of $37K, with expenses exceeding revenue. The organization holds $188K in liabilities against $846K in assets (debt-to-asset ratio: 22.3%), resulting in net assets of $658K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $192K | $846K | $188K | — | View 990 |
| 2022 | $157K | $160K | $863K | $143K | — | — |
| 2021 | $157K | $152K | $861K | $113K | — | View 990 |
| 2020 | $157K | $140K | $855K | $87K | — | — |
| 2019 | $123K | $158K | $844K | $68K | — | View 990 |
| 2018 | $98K | $117K | $895K | $60K | — | View 990 |
| 2017 | $97K | $120K | $901K | $46K | — | View 990 |
| 2016 | $24K | $25K | $941K | $64K | — | View 990 |
| 2016 | $89K | $153K | $932K | $54K | — | View 990 |
| 2015 | $92K | $118K | $991K | $50K | — | View 990 |
| 2014 | $101K | $116K | $1.0M | $45K | — | View 990 |
| 2013 | $98K | $111K | $1.0M | $49K | — | View 990 |
| 2012 | $98K | $116K | $1.0M | $38K | — | View 990 |
| 2011 | $108K | $116K | $1.0M | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155K, expenses of $192K, and assets of $846K (revenue -1.7% year-over-year).
- 2022: Revenue of $157K, expenses of $160K, and assets of $863K (revenue +0.1% year-over-year).
- 2021: Revenue of $157K, expenses of $152K, and assets of $861K (revenue -0.1% year-over-year).
- 2020: Revenue of $157K, expenses of $140K, and assets of $855K (revenue +28.0% year-over-year).
- 2019: Revenue of $123K, expenses of $158K, and assets of $844K (revenue +25.8% year-over-year).
- 2018: Revenue of $98K, expenses of $117K, and assets of $895K (revenue +0.3% year-over-year).
- 2017: Revenue of $97K, expenses of $120K, and assets of $901K (revenue +298.4% year-over-year).
- 2016: Revenue of $24K, expenses of $25K, and assets of $941K (revenue -72.7% year-over-year).
- 2016: Revenue of $89K, expenses of $153K, and assets of $932K (revenue -3.1% year-over-year).
- 2015: Revenue of $92K, expenses of $118K, and assets of $991K (revenue -8.2% year-over-year).
- 2014: Revenue of $101K, expenses of $116K, and assets of $1.0M (revenue +2.9% year-over-year).
- 2013: Revenue of $98K, expenses of $111K, and assets of $1.0M (revenue -0.6% year-over-year).
- 2012: Revenue of $98K, expenses of $116K, and assets of $1.0M (revenue -9.1% year-over-year).
- 2011: Revenue of $108K, expenses of $116K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nashua Street Corporation:
Data Sources and Methodology
This transparency report for Nashua Street Corporation 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.