Suffolk Cares Charitable Foundation Inc
Suffolk Cares Charitable Foundation consistently reports 0% officer compensation while managing fluctuating revenues and maintaining operational efficiency.
EIN: 205409073 · Boston, MA · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $4.0M |
| Program Spending | 90% |
| Net Assets | $-117,055 |
| Transparency Score | 92/100 |
Is Suffolk Cares Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Suffolk Cares Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Suffolk Cares Charitable Foundation Inc
Suffolk Cares Charitable Foundation Inc (EIN: 205409073) is a nonprofit organization based in Boston, MA, classified under NTEE code B12. The organization reported total revenue of $2.6M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Suffolk Cares Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Suffolk Cares Charitable Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$65K |
| Total Assets | $3.3M |
| Total Liabilities | $3.4M |
| Net Assets | $-117,055 |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 103.6% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, Suffolk Cares Charitable Foundation Inc reported a surplus of $65K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 103.6% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Suffolk Cares Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.6% | +70.4% | +19.5% |
| 2022 | -32.6% | -29.9% | -18.8% |
| 2021 | -20.8% | -21.3% | +21.8% |
| 2020 | +38.9% | +34.7% | +34.6% |
| 2019 | -77.5% | -75.1% | -69.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Suffolk Cares Charitable Foundation Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Suffolk Cares Charitable Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 103.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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.
Red Flags
The following concerns were identified during AI analysis of Suffolk Cares Charitable Foundation Inc's IRS 990 filings:
- Liabilities sometimes exceed assets, indicating potential reliance on current funding for operations (e.g., 202308: Liabilities $3,396,646, Assets $3,279,591)
- Significant fluctuations in annual revenue, which could impact long-term planning and program consistency.
Strengths
The following positive indicators were identified for Suffolk Cares Charitable Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to program spending and low overhead.
- Expenses generally align closely with revenue, demonstrating operational efficiency.
- Long history of IRS 990 filings (10 filings), indicating transparency and compliance.
- Strong program focus due to minimal reported executive compensation.
- Ability to manage significant revenue fluctuations while maintaining operations.
Frequently Asked Questions about Suffolk Cares Charitable Foundation Inc
Is Suffolk Cares Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Suffolk Cares Charitable Foundation Inc (EIN: 205409073) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Suffolk Cares Charitable Foundation Inc spend its money?
Suffolk Cares Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Suffolk Cares Charitable Foundation Inc tax-deductible?
Suffolk Cares Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205409073). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Suffolk Cares Charitable Foundation Inc's spending goes to programs?
Suffolk Cares Charitable Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Suffolk Cares Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Suffolk Cares Charitable Foundation Inc is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Suffolk Cares Charitable Foundation Inc located?
Suffolk Cares Charitable Foundation Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 205409073. It is classified under NTEE code B12.
How many years of IRS 990 filings does Suffolk Cares Charitable Foundation Inc have?
Suffolk Cares Charitable Foundation Inc has 10 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 $2.6M in total revenue.
Is Suffolk Cares Charitable Foundation Inc. financially stable?
Suffolk Cares demonstrates operational stability by generally keeping expenses in line with revenue. However, its asset base has fluctuated significantly, and liabilities have sometimes exceeded assets (e.g., $3,396,646 in liabilities vs. $3,279,591 in assets in 202308), suggesting a reliance on ongoing funding rather than substantial reserves.
How efficient is Suffolk Cares in its spending?
The organization appears highly efficient, with expenses closely matching revenues in most periods (e.g., $3,979,276 expenses vs. $4,044,732 revenue in 202308). The consistent 0% officer compensation also points to a very lean administrative structure, maximizing funds for programs.
What is the trend in Suffolk Cares' revenue?
Suffolk Cares' revenue has shown significant fluctuations over the past decade, peaking at $13,674,998 in 201508 and more recently ranging between $2.2 million and $4.2 million from 201908 to 202308.
Does Suffolk Cares have high administrative costs?
Based on the consistent reporting of 0% officer compensation, administrative costs appear to be very low, indicating a strong focus on program delivery rather than overhead. This suggests a highly efficient use of donor funds.
Is Suffolk Cares transparent with its finances?
Yes, the organization has a consistent history of filing IRS Form 990s for over a decade, providing public access to its financial data. The clear reporting of 0% officer compensation also contributes to its transparency.
Filing History
IRS 990 filing history for Suffolk Cares Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Suffolk Cares Charitable Foundation Inc's revenue has declined by 8%, moving from $4.4M to $4.0M. Total assets increased by 1947% over the same period, from $160K to $3.3M. Total functional expenses fell by 46.3%, from $7.4M to $4.0M. In its most recent filing year (2023), Suffolk Cares Charitable Foundation Inc reported a surplus of $65K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $3.3M in assets (debt-to-asset ratio: 103.6%), resulting in net assets of $-117,055.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $4.0M | $3.3M | $3.4M | — | View 990 |
| 2022 | $2.3M | $2.3M | $2.7M | $2.9M | — | View 990 |
| 2021 | $3.4M | $3.3M | $3.4M | $3.5M | — | View 990 |
| 2020 | $4.3M | $4.2M | $2.8M | $2.9M | — | — |
| 2019 | $3.1M | $3.1M | $2.1M | $2.3M | — | View 990 |
| 2015 | $13.7M | $12.6M | $6.7M | $6.5M | — | View 990 |
| 2014 | $7.6M | $7.2M | $793K | $1.7M | — | View 990 |
| 2013 | $8.1M | $8.7M | $289K | $1.6M | — | View 990 |
| 2012 | $7.1M | $7.1M | $105K | $798K | — | View 990 |
| 2011 | $4.4M | $7.4M | $160K | $3.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $4.0M, and assets of $3.3M (revenue +77.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.3M, and assets of $2.7M (revenue -32.6% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.3M, and assets of $3.4M (revenue -20.8% year-over-year).
- 2020: Revenue of $4.3M, expenses of $4.2M, and assets of $2.8M (revenue +38.9% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.1M, and assets of $2.1M (revenue -77.5% year-over-year).
- 2015: Revenue of $13.7M, expenses of $12.6M, and assets of $6.7M (revenue +79.6% year-over-year).
- 2014: Revenue of $7.6M, expenses of $7.2M, and assets of $793K (revenue -5.6% year-over-year).
- 2013: Revenue of $8.1M, expenses of $8.7M, and assets of $289K (revenue +13.7% year-over-year).
- 2012: Revenue of $7.1M, expenses of $7.1M, and assets of $105K (revenue +61.3% year-over-year).
- 2011: Revenue of $4.4M, expenses of $7.4M, and assets of $160K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Suffolk Cares Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Suffolk Cares Charitable Foundation 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.