Smaller Business Association Of New England Inc
EIN: 42029078 · Waltham, MA
| Metric | Value |
|---|---|
| Total Revenue | $787K |
| Total Expenses | $1.2M |
| Net Assets | $-348,253 |
Is Smaller Business Association Of New England Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Smaller Business Association Of New England Inc
Smaller Business Association Of New England Inc (EIN: 42029078) is a nonprofit organization based in Waltham, MA. The organization reported total revenue of $787K and total assets of $335K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smaller Business Association Of New England Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smaller Business Association Of New England Inc is a small nonprofit that has been operating for 81 years, with 7 years of IRS 990 filings on record (2012–2018). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $787K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-458,039 |
| Total Assets | $335K |
| Total Liabilities | $684K |
| Net Assets | $-348,253 |
| Operating Margin | -58.2% |
| Debt-to-Asset Ratio | 203.8% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2018, Smaller Business Association Of New England Inc reported a deficit of $458K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 203.8% (high leverage).
Financial Trends
Over 7 years of filings (2012–2018), Smaller Business Association Of New England Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -39.6% | -9.1% | -33.6% |
| 2017 | -4.4% | +10.5% | -34.2% |
| 2016 | +28.9% | +9.6% | +51.7% |
| 2015 | -16.5% | -10.7% | -20.8% |
| 2014 | -1.5% | +11.4% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Smaller Business Association Of New England Inc 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 Smaller Business Association Of New England Inc 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $458K, with expenses exceeding revenue.
- Debt-to-asset ratio: 203.8%.
Frequently Asked Questions about Smaller Business Association Of New England Inc
Is Smaller Business Association Of New England Inc a legitimate charity?
Smaller Business Association Of New England Inc (EIN: 42029078) is a registered tax-exempt nonprofit based in Massachusetts. It has 7 years of IRS 990 filings on record. Total revenue: $787K. No red flags identified. Financial health grade: C.
How does Smaller Business Association Of New England Inc spend its money?
Smaller Business Association Of New England Inc reported $787K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Smaller Business Association Of New England Inc tax-deductible?
Smaller Business Association Of New England Inc is registered as a tax-exempt nonprofit (EIN: 42029078). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Smaller Business Association Of New England Inc located?
Smaller Business Association Of New England Inc is headquartered in Waltham, Massachusetts and files with the IRS under EIN 42029078.
How many years of IRS 990 filings does Smaller Business Association Of New England Inc have?
Smaller Business Association Of New England Inc has 7 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 $787K in total revenue.
Filing History
IRS 990 filing history for Smaller Business Association Of New England Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2018), Smaller Business Association Of New England Inc's revenue has declined by 19%, moving from $972K to $787K. Total assets decreased by 30.3% over the same period, from $481K to $335K. Total functional expenses rose by 31.6%, from $946K to $1.2M. In its most recent filing year (2018), Smaller Business Association Of New England Inc reported a deficit of $458K, with expenses exceeding revenue. The organization holds $684K in liabilities against $335K in assets (debt-to-asset ratio: 203.8%), resulting in net assets of $-348,253.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $787K | $1.2M | $335K | $684K | — | View 990 |
| 2017 | $1.3M | $1.4M | $505K | $395K | — | View 990 |
| 2016 | $1.4M | $1.2M | $768K | $592K | — | View 990 |
| 2015 | $1.1M | $1.1M | $506K | $456K | — | View 990 |
| 2014 | $1.3M | $1.3M | $639K | $516K | — | View 990 |
| 2013 | $1.3M | $1.1M | $647K | $525K | — | View 990 |
| 2012 | $972K | $946K | $481K | $508K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $787K, expenses of $1.2M, and assets of $335K (revenue -39.6% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $505K (revenue -4.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $768K (revenue +28.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $506K (revenue -16.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $639K (revenue -1.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.1M, and assets of $647K (revenue +32.3% year-over-year).
- 2012: Revenue of $972K, expenses of $946K, and assets of $481K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smaller Business Association Of New England Inc:
Data Sources and Methodology
This transparency report for Smaller Business Association Of New England 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.