The Ashurst Foundation
The Ashurst Foundation maintains substantial assets with zero reported officer compensation, but exhibits highly variable revenue and unusual $1 liabilities.
EIN: 206325176 · Boston, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $19 |
| Net Assets | $20.3M |
| Transparency Score | 75/100 |
Is The Ashurst Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ashurst Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ashurst Foundation
The Ashurst Foundation (EIN: 206325176) is a nonprofit organization based in Boston, MA, classified under NTEE code T22. The organization reported total revenue of $2.0M and total assets of $19.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ashurst Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ashurst Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$461K |
| Total Assets | $20.3M |
| Total Liabilities | $1 |
| Net Assets | $20.3M |
| Operating Margin | 31.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 239.5 months |
Financial Health Grade: A
In 2023, The Ashurst Foundation reported a surplus of $461K with revenue exceeding expenses, holds 239.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Ashurst Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +92.9% | +8.8% | +5.2% |
| 2022 | -56.4% | -16.5% | -14.0% |
| 2021 | +69.0% | +4.0% | +13.9% |
| 2020 | +1.3% | +5.6% | -10.0% |
| 2019 | +5.9% | -3.9% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 The Ashurst Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Ashurst Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $461K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size with assets exceeding $19 million.
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 The Ashurst Foundation's IRS 990 filings:
- Consistent reporting of $1 in liabilities across all filings, which is highly unusual and lacks transparency.
- Significant volatility in annual revenue, suggesting potential instability in funding sources.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for The Ashurst Foundation:
- Consistently strong asset base, averaging over $19 million, indicating financial stability.
- Zero reported officer compensation across all filings, suggesting a very high proportion of funds are available for mission-related activities.
- Expenses have remained relatively stable despite revenue fluctuations, indicating controlled operational costs.
- Positive net income in most recent filing (202312: Revenue $1,479,590 vs. Expenses $1,018,248).
Frequently Asked Questions about The Ashurst Foundation
Is The Ashurst Foundation a legitimate charity?
The Ashurst Foundation (EIN: 206325176) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does The Ashurst Foundation spend its money?
The Ashurst Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Ashurst Foundation tax-deductible?
The Ashurst Foundation is registered as a tax-exempt nonprofit (EIN: 206325176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Ashurst Foundation CEO make?
The Ashurst Foundation's highest-compensated officer earns $19 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Ashurst Foundation's spending goes to programs?
The Ashurst Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Ashurst Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Ashurst Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Ashurst Foundation located?
The Ashurst Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 206325176. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Ashurst Foundation have?
The Ashurst Foundation 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 $2.0M in total revenue.
Why are liabilities consistently reported as $1 across all filings?
The consistent reporting of $1 in liabilities is highly unusual for an organization with assets exceeding $19 million and requires further clarification to understand the true financial position.
How does The Ashurst Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through an affiliated entity, which is a significant positive for program spending but warrants understanding of the operational model.
What is the primary source of the significant revenue fluctuations?
Revenue has varied dramatically, from $6.8 million in 2012 to $766,925 in 2022, indicating a potential reliance on large, infrequent donations or investment gains that are not consistently recurring.
What are the specific program activities funded by The Ashurst Foundation?
While the NTEE code T22 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations', the provided data does not detail the specific programmatic activities or grants made, which would be crucial for assessing mission impact.
Filing History
IRS 990 filing history for The Ashurst Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Ashurst Foundation's revenue has grown by 15.1%, moving from $1.3M to $1.5M. Total assets increased by 101.1% over the same period, from $10.1M to $20.3M. Total functional expenses rose by 189.9%, from $351K to $1.0M. In its most recent filing year (2023), The Ashurst Foundation reported a surplus of $461K, with revenue exceeding expenses. The organization holds $1 in liabilities against $20.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.0M | $20.3M | $1 | — | — |
| 2022 | $767K | $936K | $19.3M | $1 | — | View 990 |
| 2021 | $1.8M | $1.1M | $22.5M | $1 | — | — |
| 2020 | $1.0M | $1.1M | $19.7M | $1 | — | — |
| 2019 | $1.0M | $1.0M | $21.9M | $1 | — | View 990 |
| 2015 | $970K | $1.1M | $18.8M | $1 | — | View 990 |
| 2014 | $1.1M | $980K | $20.7M | $1 | — | View 990 |
| 2013 | $5.1M | $720K | $19.5M | $1 | — | View 990 |
| 2012 | $6.8M | $467K | $16.5M | $1 | — | View 990 |
| 2011 | $1.3M | $351K | $10.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.0M, and assets of $20.3M (revenue +92.9% year-over-year).
- 2022: Revenue of $767K, expenses of $936K, and assets of $19.3M (revenue -56.4% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.1M, and assets of $22.5M (revenue +69.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $19.7M (revenue +1.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $21.9M (revenue +5.9% year-over-year).
- 2015: Revenue of $970K, expenses of $1.1M, and assets of $18.8M (revenue -10.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $980K, and assets of $20.7M (revenue -78.9% year-over-year).
- 2013: Revenue of $5.1M, expenses of $720K, and assets of $19.5M (revenue -24.5% year-over-year).
- 2012: Revenue of $6.8M, expenses of $467K, and assets of $16.5M (revenue +430.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $351K, and assets of $10.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ashurst Foundation:
Data Sources and Methodology
This transparency report for The Ashurst Foundation 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.