The Boston Society Inc
The Boston Society Inc. maintains operations with fluctuating revenues and no reported officer compensation.
EIN: 201661990 · Lexington, MA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $488K |
| Total Expenses | $278K |
| Program Spending | 80% |
| Net Assets | $232K |
| Transparency Score | 75/100 |
Is The Boston Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Boston Society Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Boston Society Inc
The Boston Society Inc (EIN: 201661990) is a nonprofit organization based in Lexington, MA, classified under NTEE code B60. The organization reported total revenue of $488K and total assets of $280K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Boston Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Boston Society Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $295K |
| Total Expenses | $278K |
| Surplus / Deficit | +$18K |
| Total Assets | $233K |
| Total Liabilities | $970 |
| Net Assets | $232K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, The Boston Society Inc reported a surplus of $18K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Boston Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.0% | -3.5% | +8.3% |
| 2022 | +55.7% | +37.7% | -14.9% |
| 2021 | -24.2% | -17.8% | -16.0% |
| 2020 | -56.0% | -44.8% | -20.4% |
| 2019 | +19.8% | +18.1% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Boston Society Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Boston Society Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and operational history and suggests a volunteer-led leadership structure.
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 Boston Society Inc's IRS 990 filings:
- Declining asset base from $377,397 in 2019 to $232,797 in 2023, potentially reducing long-term financial stability.
- Periods of deficit spending, such as in 2022 where expenses ($287,841) exceeded revenue ($252,403), which could erode reserves if persistent.
Strengths
The following positive indicators were identified for The Boston Society Inc:
- Consistent filing of IRS Form 990s over 13 periods, demonstrating strong transparency.
- Zero reported officer compensation across all filings, indicating a high degree of volunteerism and efficient use of funds.
- Very low liabilities in recent years (e.g., $970 in 2023), suggesting excellent debt management.
- Consistent operational activity over a long period, indicating a stable presence in its mission area.
Frequently Asked Questions about The Boston Society Inc
Is The Boston Society Inc a legitimate charity?
The Boston Society Inc (EIN: 201661990) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $488K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does The Boston Society Inc spend its money?
The Boston Society Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Boston Society Inc tax-deductible?
The Boston Society Inc is registered as a tax-exempt nonprofit (EIN: 201661990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Boston Society Inc's spending goes to programs?
The Boston Society Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Boston Society Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Boston Society Inc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Boston Society Inc located?
The Boston Society Inc is headquartered in Lexington, Massachusetts and files with the IRS under EIN 201661990. It is classified under NTEE code B60.
How many years of IRS 990 filings does The Boston Society Inc have?
The Boston Society Inc has 13 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 $488K in total revenue.
Is The Boston Society Inc. a good charity?
Based on the available data, The Boston Society Inc. appears to be a reasonably good charity, particularly due to its consistent operations, low liabilities, and the notable absence of officer compensation, suggesting a strong volunteer commitment and efficient use of funds for its mission.
What is the trend in The Boston Society Inc.'s financial health?
The organization's financial health shows fluctuations. While revenue has varied, assets have generally declined from a peak of $377,397 in 2019 to $232,797 in 2023. However, liabilities have remained very low, indicating prudent debt management.
How does The Boston Society Inc. manage its executive compensation?
The Boston Society Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor funds.
Filing History
IRS 990 filing history for The Boston Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Boston Society Inc's revenue has declined by 43%, moving from $518K to $295K. Total assets decreased by 22.4% over the same period, from $300K to $233K. Total functional expenses fell by 38.4%, from $451K to $278K. In its most recent filing year (2023), The Boston Society Inc reported a surplus of $18K, with revenue exceeding expenses. The organization holds $970 in liabilities against $233K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $232K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $295K | $278K | $233K | $970 | — | — |
| 2022 | $252K | $288K | $215K | $942 | — | View 990 |
| 2021 | $162K | $209K | $252K | $948 | — | View 990 |
| 2020 | $214K | $254K | $300K | $4K | — | View 990 |
| 2019 | $486K | $461K | $377K | $40K | — | View 990 |
| 2018 | $406K | $390K | $331K | $24K | — | View 990 |
| 2017 | $341K | $369K | $324K | $26K | — | View 990 |
| 2016 | $341K | $368K | $348K | $22K | — | View 990 |
| 2015 | $412K | $364K | $362K | $9K | — | View 990 |
| 2014 | $370K | $297K | $349K | $45K | — | View 990 |
| 2013 | $365K | $273K | $265K | $35K | — | View 990 |
| 2012 | $397K | $400K | $237K | $99K | — | View 990 |
| 2011 | $518K | $451K | $300K | $159K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $295K, expenses of $278K, and assets of $233K (revenue +17.0% year-over-year).
- 2022: Revenue of $252K, expenses of $288K, and assets of $215K (revenue +55.7% year-over-year).
- 2021: Revenue of $162K, expenses of $209K, and assets of $252K (revenue -24.2% year-over-year).
- 2020: Revenue of $214K, expenses of $254K, and assets of $300K (revenue -56.0% year-over-year).
- 2019: Revenue of $486K, expenses of $461K, and assets of $377K (revenue +19.8% year-over-year).
- 2018: Revenue of $406K, expenses of $390K, and assets of $331K (revenue +19.0% year-over-year).
- 2017: Revenue of $341K, expenses of $369K, and assets of $324K (revenue +-0.0% year-over-year).
- 2016: Revenue of $341K, expenses of $368K, and assets of $348K (revenue -17.3% year-over-year).
- 2015: Revenue of $412K, expenses of $364K, and assets of $362K (revenue +11.3% year-over-year).
- 2014: Revenue of $370K, expenses of $297K, and assets of $349K (revenue +1.5% year-over-year).
- 2013: Revenue of $365K, expenses of $273K, and assets of $265K (revenue -8.1% year-over-year).
- 2012: Revenue of $397K, expenses of $400K, and assets of $237K (revenue -23.4% year-over-year).
- 2011: Revenue of $518K, expenses of $451K, and assets of $300K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Boston Society Inc:
Data Sources and Methodology
This transparency report for The Boston Society 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.