Newmarket Business Improvement District
EIN: 874519402 · Boston, MA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.0M |
| Net Assets | $891K |
Is Newmarket Business Improvement District Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newmarket Business Improvement District
Newmarket Business Improvement District (EIN: 874519402) is a nonprofit organization based in Boston, MA, classified under NTEE code S20. The organization reported total revenue of $3.7M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newmarket Business Improvement District's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newmarket Business Improvement District is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 254.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$535K |
| Total Assets | $1.2M |
| Total Liabilities | $320K |
| Net Assets | $891K |
| Operating Margin | 15.0% |
| Debt-to-Asset Ratio | 26.5% |
| Months of Reserves | 4.8 months |
Financial Health Grade: A
In 2023, Newmarket Business Improvement District reported a surplus of $535K with revenue exceeding expenses, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 26.5% (moderate leverage).
Financial Trends
Over 2 years of filings (2022–2023), Newmarket Business Improvement District's revenue has grown at a compound annual growth rate (CAGR) of 254.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +254.9% | +366.9% | +102.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newmarket Business Improvement District 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 Newmarket Business Improvement District 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 $535K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.5%.
Frequently Asked Questions about Newmarket Business Improvement District
Is Newmarket Business Improvement District a legitimate charity?
Based on AI analysis of IRS 990 filings, Newmarket Business Improvement District (EIN: 874519402) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newmarket Business Improvement District spend its money?
Detailed spending breakdown data is not yet available for Newmarket Business Improvement District. Check back for updated IRS 990 analysis.
Are donations to Newmarket Business Improvement District tax-deductible?
Newmarket Business Improvement District is registered as a tax-exempt nonprofit (EIN: 874519402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newmarket Business Improvement District located?
Newmarket Business Improvement District is headquartered in Boston, Massachusetts and files with the IRS under EIN 874519402. It is classified under NTEE code S20.
How many years of IRS 990 filings does Newmarket Business Improvement District have?
Newmarket Business Improvement District has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3.7M in total revenue.
Filing History
IRS 990 filing history for Newmarket Business Improvement District showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Newmarket Business Improvement District's revenue has grown by 254.9%, moving from $1.0M to $3.6M. Total assets increased by 102.4% over the same period, from $598K to $1.2M. Total functional expenses rose by 366.9%, from $649K to $3.0M. In its most recent filing year (2023), Newmarket Business Improvement District reported a surplus of $535K, with revenue exceeding expenses. The organization holds $320K in liabilities against $1.2M in assets (debt-to-asset ratio: 26.5%), resulting in net assets of $891K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.0M | $1.2M | $320K | — | View 990 |
| 2022 | $1.0M | $649K | $598K | $243K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newmarket Business Improvement District:
Data Sources and Methodology
This transparency report for Newmarket Business Improvement District 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.