Is Central Massachusetts Electrical…

Quick charity verification for Central Massachusetts Electrical Management Fund (EIN: 202475030)

Strengths

Consistent revenue growth, from $367,942 in 2019 to $1,292,305 in 2023.
Strong asset growth, reaching $2,264,209 in 2023.
Zero reported liabilities across all filing periods, indicating excellent financial stability.
0% officer compensation reported in all filings, suggesting high efficiency in directing funds to mission.
Consistent surplus generation, with revenue significantly exceeding expenses in most recent years (e.g., 202312: Revenue=$1,292,305, Expenses=$677,050).

Spending Breakdown

How Central Massachusetts Electrical Management Fund allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Central Massachusetts Electrical Management Fund

Is Central Massachusetts Electrical Management Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Central Massachusetts Electrical Management Fund (EIN: 202475030) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.

Is Central Massachusetts Electrical Management Fund a good charity to donate to?

Central Massachusetts Electrical Management Fund has a Mission Score of 92/100. Revenue: $1.7M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Central Massachusetts Electrical Management Fund?

The Employer Identification Number (EIN) for Central Massachusetts Electrical Management Fund is 202475030. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Central Massachusetts Electrical Management Fund spend its money?

Central Massachusetts Electrical Management Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Central Massachusetts Electrical Management Fund's tax-exempt status?

You can verify Central Massachusetts Electrical Management Fund's tax-exempt status using EIN 202475030 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Central Massachusetts Electrical Management Fund demonstrates a strong financial position with consistent asset growth over the past several years, reaching $2,264,209 in 2023. The organization has shown significant revenue growth, with the latest reported revenue at $1,292,305, a substantial increase from $367,942 in 2019. This growth is coupled with efficient spending, as evidenced by expenses of $677,050 in 2023, which is considerably lower than its revenue, indicating a healthy surplus.

The organization's spending efficiency appears robust, particularly given its consistent reporting of 0% officer compensation across all available filings, suggesting that resources are primarily directed towards its mission rather than executive salaries. The absence of reported liabilities in all periods further underscores a very stable financial foundation. While specific program spending details are not provided in the summary data, the overall financial health and lack of liabilities are positive indicators.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. The clear reporting of revenue, expenses, assets, and liabilities without any reported officer compensation contributes to a perception of good governance and fiscal responsibility. The organization's financial trajectory, marked by increasing revenue and assets, suggests effective management and a sustainable operational model.

Is Central Massachusetts Electrical Management Fund Legit?

Verdict: Central Massachusetts Electrical Management Fund appears trustworthy

Red Flags