Is Renew Massachusetts Coalition Foundation Inc Legit?
Quick charity verification for Renew Massachusetts Coalition Foundation Inc (EIN: 161698640)
Verdict: Renew Massachusetts Coalition Foundation Inc has notable concerns
35/100Mission Score
$104KRevenue
$34KAssets
4Red Flags
1Strengths
Red Flags
Consistent operating deficits, with expenses regularly exceeding revenue (e.g., 2022: $162,440 expenses vs. $124,449 revenue).
Substantial and growing liabilities that far exceed assets (e.g., 2023: $548,166 liabilities vs. $34,519 assets).
Low asset base relative to operational scale and liabilities, indicating limited financial reserves.
Significant drop in revenue in 2023 to $11,350 from $124,449 in 2022, while liabilities remained high.
Strengths
No reported officer compensation, indicating a volunteer-driven leadership and efficient use of funds in this area.
Spending Breakdown
How Renew Massachusetts Coalition Foundation 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 Renew Massachusetts Coalition Foundation Inc
Is Renew Massachusetts Coalition Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Renew Massachusetts Coalition Foundation Inc (EIN: 161698640) has notable concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.
Is Renew Massachusetts Coalition Foundation Inc a good charity to donate to?
Renew Massachusetts Coalition Foundation Inc has a Mission Score of 35/100. Revenue: $104K. Assets: $34K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Renew Massachusetts Coalition Foundation Inc?
The Employer Identification Number (EIN) for Renew Massachusetts Coalition Foundation Inc is 161698640. 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 Renew Massachusetts Coalition Foundation Inc spend its money?
Renew Massachusetts Coalition Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Renew Massachusetts Coalition Foundation Inc's tax-exempt status?
You can verify Renew Massachusetts Coalition Foundation Inc's tax-exempt status using EIN 161698640 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
Renew Massachusetts Coalition Foundation Inc. exhibits a concerning financial trend with consistent operating deficits over the past several years. For instance, in 2022, expenses of $162,440 significantly outstripped revenue of $124,449, and this pattern is visible in most prior years. The organization's assets are minimal relative to its liabilities, with assets of $33,901 against substantial liabilities, reaching $548,166 in 2023. This indicates a precarious financial position and raises questions about long-term sustainability and solvency. The lack of reported officer compensation suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial health remains a significant concern.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent deficit spending implies that current operational models are not sustainable. The substantial and growing liabilities, particularly the $548,166 in 2023, are a major red flag regarding financial management and transparency. While the absence of officer compensation is a positive indicator of resource allocation, the overall financial picture suggests a need for greater fiscal discipline and a clearer strategy for achieving financial stability.