New England Life Flight Inc
New England Life Flight Inc: Strong Financials, High Program Spending
EIN: 222582060 · Bedford, MA · NTEE: E62 · Updated: 2026-04-04
Is New England Life Flight Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Life Flight Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New England Life Flight Inc
New England Life Flight Inc (EIN: 222582060) is a nonprofit organization based in Bedford, MA, classified under NTEE code E62. The organization reported total revenue of $62.1M and total assets of $127.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Life Flight Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New England Life Flight Inc with a Mission Score of 85 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: 6%
- programs: 89%
- fundraising: 5%
According to IRS 990 filings, New England Life Flight Inc allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed as a separate line item in the provided data, with 'c0%' indicating no compensation from unrelated organizations, suggesting that executive salaries are likely integrated within general administrative expenses or not separately reported in this summa
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 New England Life Flight Inc:
- Consistently high program spending, with 89% of expenses dedicated to programs in 2023.
- Significant revenue growth from $31.6M in 2017 to $51.4M in 2023, demonstrating increasing operational capacity.
- Healthy asset base of $132.1M in 2023, providing financial stability and long-term sustainability.
- Low administrative and fundraising overhead, indicating efficient use of resources.
Frequently Asked Questions about New England Life Flight Inc
Is New England Life Flight Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Life Flight Inc (EIN: 222582060) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does New England Life Flight Inc spend its money?
New England Life Flight Inc directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New England Life Flight Inc tax-deductible?
New England Life Flight Inc is registered as a tax-exempt nonprofit (EIN: 222582060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does New England Life Flight Inc do?
New England Life Flight Inc is a nonprofit organization in the Health Care sector, located in Bedford, Massachusetts. It is classified under NTEE code E62.
How much revenue does New England Life Flight Inc have?
New England Life Flight Inc reported total revenue of $62,127,506. Based on 13 IRS 990 filings on record.
What are New England Life Flight Inc's total assets?
New England Life Flight Inc holds total assets of $127,468,143 as reported in IRS 990 filings.
Where is New England Life Flight Inc located?
New England Life Flight Inc is based in Bedford, Massachusetts.
What is New England Life Flight Inc's EIN?
New England Life Flight Inc's Employer Identification Number (EIN) is 222582060. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New England Life Flight Inc?
New England Life Flight Inc is classified under NTEE code E62 (Health Care).
Is New England Life Flight Inc a registered 501(c)(3)?
Yes, New England Life Flight Inc is recognized as a tax-exempt organization by the IRS. EIN: 222582060.
Does New England Life Flight Inc file IRS Form 990?
Yes, New England Life Flight Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was New England Life Flight Inc's revenue in 2023?
In the 202309 filing period, New England Life Flight Inc reported total revenue of $51,423,096, total expenses of $46,155,705, and net assets of $132,131,487.
Is New England Life Flight Inc's revenue growing or declining?
New England Life Flight Inc's revenue is relatively stable. Revenue went from $52,794,964 (202209) to $51,423,096 (202309), a -2.6% change. Based on 13 filings on record.
What is New England Life Flight Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New England Life Flight Inc covers tax period 202309. It shows revenue of $51,423,096, expenses of $46,155,705, total assets of $132,131,487, and liabilities of $75,477,903.
How much does New England Life Flight Inc spend on programs vs administration?
Based on IRS 990 analysis, New England Life Flight Inc allocates approximately 89% of expenses to program services, 6% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New England Life Flight Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New England Life Flight Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are New England Life Flight Inc's strengths?
Positive indicators for New England Life Flight Inc include: Consistently high program spending, with 89% of expenses dedicated to programs in 2023.. Significant revenue growth from $31.6M in 2017 to $51.4M in 2023, demonstrating increasing operational capacity.. Healthy asset base of $132.1M in 2023, providing financial stability and long-term sustainability.. Low administrative and fundraising overhead, indicating efficient use of resources.. These findings are derived from AI analysis of the organization's financial filings.
How does New England Life Flight Inc compensate executives?
Executive compensation is not explicitly detailed as a separate line item in the provided data, with 'c0%' indicating no compensation from unrelated organizations, suggesting that executive salaries are likely integrated within general administrative expenses or not separately reported in this summa Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation, how does New England Life Flight Inc manage executive compensation, and what is the total amount allocated to key personnel salaries?
The 'c0%' indicates no compensation from unrelated organizations. Executive compensation details would need to be extracted from the full Form 990, specifically Schedule J, to determine the total amount allocated to key personnel salaries, as this summary data does not provide that breakdown.
What factors contributed to the substantial increase in total assets from $47.1M in 2017 to $132.1M in 2023?
The significant increase in total assets is likely due to a combination of factors including retained earnings from consistent revenue growth, potential capital investments in new equipment or facilities, and effective asset management strategies over the period.
Filing History
IRS 990 filing history for New England Life Flight Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New England Life Flight Inc's revenue has grown by 155%, moving from $20.2M to $51.4M. Total assets increased by 572.4% over the same period, from $19.7M to $132.1M. Total functional expenses rose by 116.1%, from $21.4M to $46.2M. In its most recent filing year (2023), New England Life Flight Inc reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $75.5M in liabilities against $132.1M in assets (debt-to-asset ratio: 57.1%), resulting in net assets of $56.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $51.4M | $46.2M | $132.1M | $75.5M | — | View 990 |
| 2022 | $52.8M | $41.8M | $98.6M | $47.5M | — | View 990 |
| 2021 | $44.6M | $38.3M | $86.2M | $45.5M | — | View 990 |
| 2020 | $42.8M | $36.0M | $85.1M | $51.1M | — | View 990 |
| 2019 | $34.6M | $34.5M | $82.9M | $55.4M | — | View 990 |
| 2018 | $34.8M | $30.8M | $89.3M | $56.6M | — | View 990 |
| 2017 | $31.7M | $28.4M | $47.2M | $18.5M | — | View 990 |
| 2016 | $29.8M | $26.0M | $43.4M | $18.2M | — | View 990 |
| 2015 | $28.4M | $25.5M | $39.9M | $18.6M | — | View 990 |
| 2014 | $28.2M | $22.9M | $39.2M | $20.8M | — | View 990 |
| 2013 | $21.6M | $20.7M | $27.6M | $14.6M | — | View 990 |
| 2012 | $24.2M | $22.7M | $19.9M | $8.0M | — | View 990 |
| 2011 | $20.2M | $21.4M | $19.7M | $9.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.4M, expenses of $46.2M, and assets of $132.1M (revenue -2.6% year-over-year).
- 2022: Revenue of $52.8M, expenses of $41.8M, and assets of $98.6M (revenue +18.4% year-over-year).
- 2021: Revenue of $44.6M, expenses of $38.3M, and assets of $86.2M (revenue +4.1% year-over-year).
- 2020: Revenue of $42.8M, expenses of $36.0M, and assets of $85.1M (revenue +23.9% year-over-year).
- 2019: Revenue of $34.6M, expenses of $34.5M, and assets of $82.9M (revenue -0.6% year-over-year).
- 2018: Revenue of $34.8M, expenses of $30.8M, and assets of $89.3M (revenue +9.9% year-over-year).
- 2017: Revenue of $31.7M, expenses of $28.4M, and assets of $47.2M (revenue +6.2% year-over-year).
- 2016: Revenue of $29.8M, expenses of $26.0M, and assets of $43.4M (revenue +4.9% year-over-year).
- 2015: Revenue of $28.4M, expenses of $25.5M, and assets of $39.9M (revenue +0.8% year-over-year).
- 2014: Revenue of $28.2M, expenses of $22.9M, and assets of $39.2M (revenue +30.5% year-over-year).
- 2013: Revenue of $21.6M, expenses of $20.7M, and assets of $27.6M (revenue -10.5% year-over-year).
- 2012: Revenue of $24.2M, expenses of $22.7M, and assets of $19.9M (revenue +19.8% year-over-year).
- 2011: Revenue of $20.2M, expenses of $21.4M, and assets of $19.7M.
Data Sources and Methodology
This transparency report for New England Life Flight 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.