Walkboston Inc
Walkboston Inc: Consistent Revenue, High Administrative Costs
EIN: 223061699 · Boston, MA · NTEE: Z99Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $488K |
| Total Expenses | $629K |
| Program Spending | 60% |
| Net Assets | $278K |
| Transparency Score | 75/100 |
Is Walkboston Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walkboston Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Walkboston Inc
Walkboston Inc (EIN: 223061699) is a nonprofit organization based in Boston, MA, classified under NTEE code Z99Z. The organization reported total revenue of $488K and total assets of $243K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walkboston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walkboston Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $586K |
| Total Expenses | $629K |
| Surplus / Deficit | $-43,257 |
| Total Assets | $364K |
| Total Liabilities | $86K |
| Net Assets | $278K |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 23.7% |
| Months of Reserves | 6.9 months |
Financial Health Grade: B
In 2023, Walkboston Inc reported a deficit of $43K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 23.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Walkboston Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | +3.3% | -3.7% |
| 2022 | -16.5% | +11.1% | -19.2% |
| 2021 | +18.4% | -3.3% | +20.0% |
| 2020 | -11.6% | +12.4% | -2.7% |
| 2019 | +19.2% | -18.0% | +42.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Walkboston 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Walkboston Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific compensation figures are not included in the financial filings.
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 Walkboston Inc's IRS 990 filings:
- Administrative expenses appear high relative to total expenses, with 'a' (admin) consistently around 60-70% of 'x' (total expenses) in recent years (e.g., 2023: $364,092 admin vs $629,392 total expenses).
Strengths
The following positive indicators were identified for Walkboston Inc:
- Consistent revenue generation over multiple years, averaging around $550,000 annually.
- Maintains a positive net asset position, indicating financial stability.
- No reported lobbying expenses, suggesting a focus on direct mission activities.
Frequently Asked Questions about Walkboston Inc
Is Walkboston Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Walkboston Inc (EIN: 223061699) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Walkboston Inc spend its money?
Walkboston Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Walkboston Inc tax-deductible?
Walkboston Inc is registered as a tax-exempt nonprofit (EIN: 223061699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Walkboston Inc's spending goes to programs?
Walkboston Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Walkboston Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Walkboston Inc is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Walkboston Inc located?
Walkboston Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 223061699. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Walkboston Inc have?
Walkboston 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.
What does Walkboston Inc do?
Walkboston Inc is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Z99Z.
How much revenue does Walkboston Inc have?
Walkboston Inc reported total revenue of $487,825. Based on 13 IRS 990 filings on record.
What are Walkboston Inc's total assets?
Walkboston Inc holds total assets of $242,892 as reported in IRS 990 filings.
Where is Walkboston Inc located?
Walkboston Inc is based in Boston, Massachusetts.
What is Walkboston Inc's EIN?
Walkboston Inc's Employer Identification Number (EIN) is 223061699. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Walkboston Inc?
Walkboston Inc is classified under NTEE code Z99Z (Unknown).
Is Walkboston Inc a registered 501(c)(3)?
Yes, Walkboston Inc is recognized as a tax-exempt organization by the IRS. EIN: 223061699.
Does Walkboston Inc file IRS Form 990?
Yes, Walkboston Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Walkboston Inc's revenue in 2023?
In the 202312 filing period, Walkboston Inc reported total revenue of $586,135, total expenses of $629,392, and net assets of $364,092.
Is Walkboston Inc's revenue growing or declining?
Walkboston Inc's revenue is growing. Revenue went from $527,635 (202212) to $586,135 (202312), a +11.1% change. Based on 13 filings on record.
What is Walkboston Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Walkboston Inc covers tax period 202312. It shows revenue of $586,135, expenses of $629,392, total assets of $364,092, and liabilities of $86,422.
How much does Walkboston Inc spend on programs vs administration?
Based on IRS 990 analysis, Walkboston Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Walkboston Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Walkboston Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Walkboston Inc?
The following concerns were identified: Administrative expenses appear high relative to total expenses, with 'a' (admin) consistently around 60-70% of 'x' (total expenses) in recent years (e.g., 2023: $364,092 admin vs $629,392 total expenses).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Walkboston Inc's strengths?
Positive indicators for Walkboston Inc include: Consistent revenue generation over multiple years, averaging around $550,000 annually.. Maintains a positive net asset position, indicating financial stability.. No reported lobbying expenses, suggesting a focus on direct mission activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Walkboston Inc compensate executives?
Executive compensation cannot be assessed from the provided data as specific compensation figures are not included in the financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent high administrative expenses, what specific strategies does Walkboston Inc. employ to ensure these costs directly support program delivery and mission effectiveness?
Without further detailed expense breakdowns, it's challenging to determine if the high administrative costs are due to necessary infrastructure, specialized staff, or other factors. A deeper dive into their Form 990 would be required to understand the allocation within 'administrative' expenses.
Filing History
IRS 990 filing history for Walkboston Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Walkboston Inc's revenue has grown by 21.4%, moving from $483K to $586K. Total assets increased by 23.4% over the same period, from $295K to $364K. Total functional expenses rose by 39.1%, from $452K to $629K. In its most recent filing year (2023), Walkboston Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $86K in liabilities against $364K in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $278K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $586K | $629K | $364K | $86K | — | — |
| 2022 | $528K | $609K | $378K | $57K | — | View 990 |
| 2021 | $632K | $548K | $468K | $65K | — | View 990 |
| 2020 | $534K | $567K | $390K | $70K | — | — |
| 2019 | $604K | $504K | $401K | $48K | — | View 990 |
| 2018 | $507K | $615K | $281K | $27K | — | View 990 |
| 2017 | $620K | $573K | $394K | $32K | — | View 990 |
| 2016 | $570K | $651K | $339K | $24K | — | View 990 |
| 2015 | $544K | $519K | $423K | $27K | — | View 990 |
| 2014 | $567K | $473K | $396K | $25K | — | View 990 |
| 2013 | $446K | $445K | $307K | $30K | — | View 990 |
| 2012 | $492K | $465K | $316K | $41K | — | View 990 |
| 2011 | $483K | $452K | $295K | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $586K, expenses of $629K, and assets of $364K (revenue +11.1% year-over-year).
- 2022: Revenue of $528K, expenses of $609K, and assets of $378K (revenue -16.5% year-over-year).
- 2021: Revenue of $632K, expenses of $548K, and assets of $468K (revenue +18.4% year-over-year).
- 2020: Revenue of $534K, expenses of $567K, and assets of $390K (revenue -11.6% year-over-year).
- 2019: Revenue of $604K, expenses of $504K, and assets of $401K (revenue +19.2% year-over-year).
- 2018: Revenue of $507K, expenses of $615K, and assets of $281K (revenue -18.3% year-over-year).
- 2017: Revenue of $620K, expenses of $573K, and assets of $394K (revenue +8.7% year-over-year).
- 2016: Revenue of $570K, expenses of $651K, and assets of $339K (revenue +4.9% year-over-year).
- 2015: Revenue of $544K, expenses of $519K, and assets of $423K (revenue -4.1% year-over-year).
- 2014: Revenue of $567K, expenses of $473K, and assets of $396K (revenue +27.3% year-over-year).
- 2013: Revenue of $446K, expenses of $445K, and assets of $307K (revenue -9.4% year-over-year).
- 2012: Revenue of $492K, expenses of $465K, and assets of $316K (revenue +1.9% year-over-year).
- 2011: Revenue of $483K, expenses of $452K, and assets of $295K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walkboston Inc:
Data Sources and Methodology
This transparency report for Walkboston 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.