New England Venture Capital Association
EIN: 42579421 · Boston, MA · NTEE: Y03
| Metric | Value |
|---|---|
| Total Revenue | $670K |
| Total Expenses | $726K |
| Net Assets | $917K |
Is New England Venture Capital Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New England Venture Capital Association
New England Venture Capital Association (EIN: 42579421) is a nonprofit organization based in Boston, MA, classified under NTEE code Y03. The organization reported total revenue of $670K and total assets of $830K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Venture Capital Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Venture Capital Association is a small nonprofit that has been operating for 8 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $910K |
| Total Expenses | $726K |
| Surplus / Deficit | +$184K |
| Total Assets | $917K |
| Net Assets | $917K |
| Operating Margin | 20.2% |
| Months of Reserves | 15.2 months |
Financial Health Grade: A
In 2023, New England Venture Capital Association reported a surplus of $184K with revenue exceeding expenses, holds 15.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2023), New England Venture Capital Association's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.5% | +31.4% | +25.1% |
| 2022 | -19.4% | -36.8% | +13.3% |
| 2021 | -44.7% | -45.4% | -47.5% |
| 2020 | -30.8% | +16.2% | -13.9% |
| 2019 | +32.6% | +21.0% | +94.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New England Venture Capital Association 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 New England Venture Capital Association 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 surplus of $184K, with revenue exceeding expenses.
Frequently Asked Questions about New England Venture Capital Association
Is New England Venture Capital Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Venture Capital Association (EIN: 42579421) insufficient data. 0 red flags identified, 0 strengths noted.
How does New England Venture Capital Association spend its money?
Detailed spending breakdown data is not yet available for New England Venture Capital Association. Check back for updated IRS 990 analysis.
Are donations to New England Venture Capital Association tax-deductible?
New England Venture Capital Association is registered as a tax-exempt nonprofit (EIN: 42579421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New England Venture Capital Association located?
New England Venture Capital Association is headquartered in Boston, Massachusetts and files with the IRS under EIN 42579421. It is classified under NTEE code Y03.
How many years of IRS 990 filings does New England Venture Capital Association have?
New England Venture Capital Association 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 $670K in total revenue.
Filing History
IRS 990 filing history for New England Venture Capital Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), New England Venture Capital Association's revenue has grown by 619.2%, moving from $127K to $910K. Total assets increased by 675.7% over the same period, from $118K to $917K. Total functional expenses rose by 220.8%, from $226K to $726K. In its most recent filing year (2023), New England Venture Capital Association reported a surplus of $184K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $910K | $726K | $917K | $0 | — | View 990 |
| 2022 | $639K | $552K | $733K | $0 | — | — |
| 2021 | $792K | $873K | $647K | $0 | — | View 990 |
| 2020 | $1.4M | $1.6M | $1.2M | $0 | — | — |
| 2019 | $2.1M | $1.4M | $1.4M | $0 | — | View 990 |
| 2018 | $1.6M | $1.1M | $738K | $0 | — | View 990 |
| 2017 | $1.4M | $1.2M | $314K | $0 | — | View 990 |
| 2016 | $826K | $808K | $135K | $0 | — | View 990 |
| 2015 | $791K | $807K | $116K | $0 | — | View 990 |
| 2014 | $574K | $503K | $133K | $0 | — | View 990 |
| 2013 | $40K | $137K | $62K | $0 | — | View 990 |
| 2013 | $378K | $337K | $159K | $0 | — | View 990 |
| 2012 | $127K | $226K | $118K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $910K, expenses of $726K, and assets of $917K (revenue +42.5% year-over-year).
- 2022: Revenue of $639K, expenses of $552K, and assets of $733K (revenue -19.4% year-over-year).
- 2021: Revenue of $792K, expenses of $873K, and assets of $647K (revenue -44.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $1.2M (revenue -30.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.4M, and assets of $1.4M (revenue +32.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.1M, and assets of $738K (revenue +13.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $314K (revenue +67.2% year-over-year).
- 2016: Revenue of $826K, expenses of $808K, and assets of $135K (revenue +4.5% year-over-year).
- 2015: Revenue of $791K, expenses of $807K, and assets of $116K (revenue +37.9% year-over-year).
- 2014: Revenue of $574K, expenses of $503K, and assets of $133K (revenue +1343.8% year-over-year).
- 2013: Revenue of $40K, expenses of $137K, and assets of $62K (revenue -89.5% year-over-year).
- 2013: Revenue of $378K, expenses of $337K, and assets of $159K (revenue +198.5% year-over-year).
- 2012: Revenue of $127K, expenses of $226K, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Venture Capital Association:
Data Sources and Methodology
This transparency report for New England Venture Capital Association 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.