New England Amateur Skating Foundation Inc
New England Amateur Skating Foundation: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 223018121 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $311K |
| Total Expenses | $319K |
| Program Spending | 60% |
| Net Assets | $526K |
| Transparency Score | 65/100 |
Is New England Amateur Skating Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Amateur Skating Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New England Amateur Skating Foundation Inc
New England Amateur Skating Foundation Inc (EIN: 223018121) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $311K and total assets of $568K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Amateur Skating Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Amateur Skating Foundation Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $319K |
| Surplus / Deficit | $-36,822 |
| Total Assets | $526K |
| Net Assets | $526K |
| Operating Margin | -13.1% |
| Months of Reserves | 19.8 months |
Financial Health Grade: B
In 2023, New England Amateur Skating Foundation Inc reported a deficit of $37K with expenses exceeding revenue, holds 19.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), New England Amateur Skating Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.6% | -16.7% | -2.0% |
| 2022 | -32.1% | -37.0% | -21.9% |
| 2021 | -19.9% | -3.3% | -7.4% |
| 2020 | +5.0% | +10.9% | +23.2% |
| 2019 | -10.2% | -28.2% | +35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 New England Amateur Skating Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, New England Amateur Skating Foundation Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data.
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 New England Amateur Skating Foundation Inc's IRS 990 filings:
- Consistent decline in revenue from $662,454 in 2019 to $281,792 in 2023.
- Expenses frequently exceed revenue, indicating potential financial instability.
- Lack of detailed information on program spending versus administrative and fundraising costs.
- No information on executive compensation, making it impossible to assess fairness or appropriateness.
Strengths
The following positive indicators were identified for New England Amateur Skating Foundation Inc:
- The organization has maintained positive assets despite revenue declines, with $526,055 in 2023.
Frequently Asked Questions about New England Amateur Skating Foundation Inc
Is New England Amateur Skating Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Amateur Skating Foundation Inc (EIN: 223018121) some concerns. Mission Score: 65/100. 4 red flags identified, 1 strength noted.
How does New England Amateur Skating Foundation Inc spend its money?
New England Amateur Skating Foundation Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New England Amateur Skating Foundation Inc tax-deductible?
New England Amateur Skating Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223018121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New England Amateur Skating Foundation Inc's spending goes to programs?
New England Amateur Skating Foundation Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is New England Amateur Skating Foundation Inc located?
New England Amateur Skating Foundation Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 223018121.
How many years of IRS 990 filings does New England Amateur Skating Foundation Inc have?
New England Amateur Skating Foundation Inc 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 $311K in total revenue.
What does New England Amateur Skating Foundation Inc do?
New England Amateur Skating Foundation Inc is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does New England Amateur Skating Foundation Inc have?
New England Amateur Skating Foundation Inc reported total revenue of $310,993. Based on 14 IRS 990 filings on record.
What are New England Amateur Skating Foundation Inc's total assets?
New England Amateur Skating Foundation Inc holds total assets of $568,482 as reported in IRS 990 filings.
Where is New England Amateur Skating Foundation Inc located?
New England Amateur Skating Foundation Inc is based in Providence, Rhode Island.
What is New England Amateur Skating Foundation Inc's EIN?
New England Amateur Skating Foundation Inc's Employer Identification Number (EIN) is 223018121. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New England Amateur Skating Foundation Inc?
New England Amateur Skating Foundation Inc is classified under NTEE code Unknown (Unknown).
Is New England Amateur Skating Foundation Inc a registered 501(c)(3)?
New England Amateur Skating Foundation Inc appears in IRS records (EIN: 223018121). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New England Amateur Skating Foundation Inc file IRS Form 990?
Yes, New England Amateur Skating Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New England Amateur Skating Foundation Inc's revenue in 2023?
In the 202312 filing period, New England Amateur Skating Foundation Inc reported total revenue of $281,792, total expenses of $318,614, and net assets of $526,055.
Is New England Amateur Skating Foundation Inc's revenue growing or declining?
New England Amateur Skating Foundation Inc's revenue is declining. Revenue went from $378,538 (202212) to $281,792 (202312), a -25.6% change. Based on 14 filings on record.
What is New England Amateur Skating Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New England Amateur Skating Foundation Inc covers tax period 202312. It shows revenue of $281,792, expenses of $318,614, total assets of $526,055, and liabilities of N/A.
How much does New England Amateur Skating Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, New England Amateur Skating Foundation Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is New England Amateur Skating Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New England Amateur Skating Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 1 strength noted.
What are the red flags for New England Amateur Skating Foundation Inc?
The following concerns were identified: Consistent decline in revenue from $662,454 in 2019 to $281,792 in 2023.. Expenses frequently exceed revenue, indicating potential financial instability.. Lack of detailed information on program spending versus administrative and fundraising costs.. No information on executive compensation, making it impossible to assess fairness or appropriateness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New England Amateur Skating Foundation Inc's strengths?
Positive indicators for New England Amateur Skating Foundation Inc include: The organization has maintained positive assets despite revenue declines, with $526,055 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does New England Amateur Skating Foundation Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New England Amateur Skating Foundation Inc?
- The organization's revenue has consistently declined over the past five years, from $662,454 in 2019 to $281,792 in 2023. - Expenses have often exceeded revenue, leading to a decrease in net assets. - No information on specific program outcomes or impact is readily available in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in revenue and the fact that expenses frequently exceed revenue, what strategies are being implemented to ensure the long-term financial sustainability of the New England Amateur Skating Foundation?
The provided data indicates a concerning trend where expenses (e.g., $318,614 in 2023) often surpass revenue (e.g., $281,792 in 2023). Without further information, it's unclear what specific strategies are in place to reverse this trend and secure the foundation's future.
Filing History
IRS 990 filing history for New England Amateur Skating Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New England Amateur Skating Foundation Inc's revenue has declined by 61%, moving from $722K to $282K. Total assets increased by 44.1% over the same period, from $365K to $526K. Total functional expenses fell by 53.4%, from $684K to $319K. In its most recent filing year (2023), New England Amateur Skating Foundation Inc reported a deficit of $37K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $282K | $319K | $526K | $0 | — | — |
| 2022 | $379K | $383K | $537K | $0 | — | View 990 |
| 2021 | $557K | $608K | $688K | $0 | — | View 990 |
| 2020 | $696K | $628K | $742K | $0 | — | View 990 |
| 2019 | $662K | $567K | $603K | $0 | — | View 990 |
| 2018 | $738K | $789K | $445K | $0 | — | View 990 |
| 2017 | $692K | $782K | $536K | $0 | — | View 990 |
| 2016 | $844K | $852K | $573K | $0 | — | View 990 |
| 2015 | $825K | $929K | $570K | $0 | — | View 990 |
| 2014 | $914K | $811K | $701K | $0 | — | View 990 |
| 2013 | $811K | $740K | $574K | $0 | — | View 990 |
| 2012 | $887K | $825K | $500K | $0 | — | View 990 |
| 2011 | $748K | $698K | $421K | $0 | — | View 990 |
| 2010 | $722K | $684K | $365K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $282K, expenses of $319K, and assets of $526K (revenue -25.6% year-over-year).
- 2022: Revenue of $379K, expenses of $383K, and assets of $537K (revenue -32.1% year-over-year).
- 2021: Revenue of $557K, expenses of $608K, and assets of $688K (revenue -19.9% year-over-year).
- 2020: Revenue of $696K, expenses of $628K, and assets of $742K (revenue +5.0% year-over-year).
- 2019: Revenue of $662K, expenses of $567K, and assets of $603K (revenue -10.2% year-over-year).
- 2018: Revenue of $738K, expenses of $789K, and assets of $445K (revenue +6.6% year-over-year).
- 2017: Revenue of $692K, expenses of $782K, and assets of $536K (revenue -18.1% year-over-year).
- 2016: Revenue of $844K, expenses of $852K, and assets of $573K (revenue +2.3% year-over-year).
- 2015: Revenue of $825K, expenses of $929K, and assets of $570K (revenue -9.7% year-over-year).
- 2014: Revenue of $914K, expenses of $811K, and assets of $701K (revenue +12.7% year-over-year).
- 2013: Revenue of $811K, expenses of $740K, and assets of $574K (revenue -8.6% year-over-year).
- 2012: Revenue of $887K, expenses of $825K, and assets of $500K (revenue +18.6% year-over-year).
- 2011: Revenue of $748K, expenses of $698K, and assets of $421K (revenue +3.5% year-over-year).
- 2010: Revenue of $722K, expenses of $684K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Amateur Skating Foundation Inc:
Data Sources and Methodology
This transparency report for New England Amateur Skating Foundation 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.