Education (B80) IRS Verified DX Registered 990 on File

NORTHBOROUGH EDUCATION FOUNDATION INC

EIN: 04-3433177 · NORTHBOROUGH, MA 01532-4094 · United States · FY 2024 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 79/100

Reliability (20%) 55/100

Effectiveness (25%) 73/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

The mission of the Northborough Education Foundation is to provide the Public Schools and the community with resources necessary to improve curriculum, programs and services above and beyond the level supported by the annual school budgets. The NEF will finance the costs of extraordinary curriculum and staff development projects, student services and activities, special programs, equipment purchases and other efforts in order to foster creativity and add to the excellence of the Northborough student experience. It is the primary goal of the NEF to provide our community and students with these incremental opportunities in order to ensure continuous improvement in the system and a unique level of public education excellence in Massachusetts.

Financial Overview — FY 2024

$27K

Total Revenue

$37K

Total Expenses

$65K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 92.5%

Fundraising Efficiency 35.3%

Operating Reserve 20.67x

Liability-to-Asset 0.0%

Revenue Diversification 13.9%

Compared with Peers

FY 2024

Compared with 19,859 similar organizations (United States, Education, under $100K in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	92.5%	87.4%	P10P90	Above median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	35.3%	39.6%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	20.7 mo	19.7 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	0.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	13.9%	85.3%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-3.9%	1.6%	P10P90
Expense growth Year over year expense growth	-5.3%	0.3%	P10P90
Surplus margin Surplus as a share of revenue	-37.9%	10.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$27K	$37K	$65K	92.5%	—
2023	$28K	$40K	$75K	89.8%	—
2022	$31K	$11K	N/A	—	1

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Organization Details

EIN: 04-3433177
State: MA
City: NORTHBOROUGH
ZIP: 01532-4094
Classification: B80
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2012
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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