New England Life Flight Inc

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New England Life Flight Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

New England Life Flight Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New England Life Flight Inc in one place.

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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, New England Life Flight Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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.

Organization Overview

New England Life Flight Inc is a major nonprofit that has been operating for 1 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, New England Life Flight Inc reported a surplus of $5.3M with revenue exceeding expenses, holds 34.4 months of operating reserves (strong position), has a debt-to-asset ratio of 57.1% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), New England Life Flight Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $5.3M, with revenue exceeding expenses.
• Debt-to-asset ratio: 57.1%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for New England Life Flight Inc:

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.