Ruths Way
EIN: 471662346 · East Boston, MA · NTEE: T30
Is Ruths Way Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ruths Way
Ruths Way (EIN: 471662346) is a nonprofit organization based in East Boston, MA, classified under NTEE code T30. The organization reported total revenue of $406K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ruths Way's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Ruths Way 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 Ruths Way 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.
Frequently Asked Questions about Ruths Way
Is Ruths Way a legitimate charity?
Based on AI analysis of IRS 990 filings, Ruths Way (EIN: 471662346) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ruths Way spend its money?
Detailed spending breakdown data is not yet available for Ruths Way. Check back for updated IRS 990 analysis.
Are donations to Ruths Way tax-deductible?
Ruths Way is registered as a tax-exempt nonprofit (EIN: 471662346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Ruths Way showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2024), Ruths Way's revenue has grown by 22667%, moving from $896 to $204K. Total assets decreased by 21888.1% over the same period, from $369 to $-80,398. Total functional expenses rose by 26405.4%, from $915 to $243K. In its most recent filing year (2024), Ruths Way reported a deficit of $39K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $204K | $243K | $-80,398 | $0 | — | — |
| 2023 | $117K | $180K | $1 | $0 | — | View 990 |
| 2022 | $114K | $99K | $21K | $0 | — | View 990 |
| 2021 | $77K | $74K | $5K | $0 | — | — |
| 2020 | $66K | $87K | $1 | $0 | — | View 990 |
| 2019 | $75K | $77K | $2K | $0 | — | View 990 |
| 2018 | $63K | $63K | $3K | $0 | — | View 990 |
| 2016 | $896 | $915 | $369 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $204K, expenses of $243K, and assets of $-80,398 (revenue +74.1% year-over-year).
- 2023: Revenue of $117K, expenses of $180K, and assets of $1 (revenue +2.8% year-over-year).
- 2022: Revenue of $114K, expenses of $99K, and assets of $21K (revenue +47.3% year-over-year).
- 2021: Revenue of $77K, expenses of $74K, and assets of $5K (revenue +16.3% year-over-year).
- 2020: Revenue of $66K, expenses of $87K, and assets of $1 (revenue -11.6% year-over-year).
- 2019: Revenue of $75K, expenses of $77K, and assets of $2K (revenue +18.7% year-over-year).
- 2018: Revenue of $63K, expenses of $63K, and assets of $3K (revenue +6976.6% year-over-year).
- 2016: Revenue of $896, expenses of $915, and assets of $369.
Data Sources and Methodology
This transparency report for Ruths Way 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.