Is Community Maritime Park Associates Inc…

Quick charity verification for Community Maritime Park Associates Inc (EIN: 203207546)

Red Flags

Consistent operating deficits, with expenses significantly exceeding revenue in all reported years (e.g., $5,141,641 expenses vs. $3,544,077 revenue in 2015).
Persistent negative net asset position, with liabilities consistently greater than assets (e.g., $55,285,445 liabilities vs. $50,062,663 assets in 2015).
Latest filing shows $0 revenue and $0 assets, raising significant questions about the organization's current operational status and viability.
Significant decline in assets from $59,139,100 in 2011 to $0 in the latest filing, indicating a substantial loss of organizational resources.

Spending Breakdown

How Community Maritime Park Associates Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Community Maritime Park Associates Inc

Is Community Maritime Park Associates Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Community Maritime Park Associates Inc (EIN: 203207546) has notable concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.

Is Community Maritime Park Associates Inc a good charity to donate to?

Community Maritime Park Associates Inc has a Mission Score of 35/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Community Maritime Park Associates Inc?

The Employer Identification Number (EIN) for Community Maritime Park Associates Inc is 203207546. 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 Community Maritime Park Associates Inc spend its money?

Community Maritime Park Associates Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Community Maritime Park Associates Inc's tax-exempt status?

You can verify Community Maritime Park Associates Inc's tax-exempt status using EIN 203207546 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

Community Maritime Park Associates Inc appears to be in a challenging financial position, consistently reporting expenses significantly exceeding revenue over the past five years. For instance, in 2015, expenses were $5,141,641 against revenues of $3,544,077, indicating a substantial operating deficit. This trend has led to a negative net asset position, with liabilities consistently outweighing assets, such as $55,285,445 in liabilities against $50,062,663 in assets in 2015. The organization's latest filing shows $0 in both revenue and assets, which could indicate a significant change in operations or a winding down phase, requiring further investigation to understand its current status.

The consistent operating deficits raise concerns about the long-term sustainability of the organization. While the specific breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial picture suggests a need for improved financial management or a revised operational model to achieve solvency. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation being reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere.

Given the consistent negative financial performance and the latest filing showing zero assets and revenue, the organization's financial health appears precarious. Without more detailed expense breakdowns, it's difficult to fully assess spending efficiency, but the overall trend of expenses outstripping revenue is a significant concern. The lack of reported officer compensation is a positive for transparency regarding executive pay, but the broader financial picture warrants caution.

Is Community Maritime Park Associates Inc Legit?

Verdict: Community Maritime Park Associates Inc has notable concerns