495 Metrowest Corridor Partnership Inc
495 Metrowest Corridor Partnership Inc shows fluctuating revenue but consistent zero officer compensation.
EIN: 161658406 · Westborough, MA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $409K |
| Total Expenses | $442K |
| Program Spending | 80% |
| Net Assets | $454K |
| Transparency Score | 85/100 |
Is 495 Metrowest Corridor Partnership Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
495 Metrowest Corridor Partnership Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 495 Metrowest Corridor Partnership Inc
495 Metrowest Corridor Partnership Inc (EIN: 161658406) is a nonprofit organization based in Westborough, MA, classified under NTEE code S41. The organization reported total revenue of $409K and total assets of $557K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 495 Metrowest Corridor Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
495 Metrowest Corridor Partnership Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $427K |
| Total Expenses | $442K |
| Surplus / Deficit | $-14,123 |
| Total Assets | $485K |
| Total Liabilities | $31K |
| Net Assets | $454K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 13.2 months |
Financial Health Grade: B
In 2023, 495 Metrowest Corridor Partnership Inc reported a deficit of $14K with expenses exceeding revenue, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), 495 Metrowest Corridor Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.4% | -56.2% | -31.9% |
| 2022 | +232.8% | +209.8% | +37.2% |
| 2021 | -16.4% | +22.8% | -1.7% |
| 2020 | -23.8% | -27.0% | +21.4% |
| 2019 | +9.2% | -2.4% | +37.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 495 Metrowest Corridor Partnership Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, 495 Metrowest Corridor Partnership Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is a strong positive for a nonprofit of its size, suggesting a high dedication of resources to its mission.
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 495 Metrowest Corridor Partnership Inc's IRS 990 filings:
- Significant year-over-year revenue and expense volatility (e.g., $1M revenue in 2022 vs. ~$400K in 2021 and 2023)
- Operating deficits in multiple years (e.g., 2023, 2021, 2017) without clear explanation of how they are covered.
Strengths
The following positive indicators were identified for 495 Metrowest Corridor Partnership Inc:
- Consistent 0% officer compensation across all filings, indicating high dedication of funds to mission.
- Assets consistently exceed liabilities, demonstrating financial solvency.
- Long history of IRS 990 filings (13 filings), suggesting established operations and transparency.
Frequently Asked Questions about 495 Metrowest Corridor Partnership Inc
Is 495 Metrowest Corridor Partnership Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 495 Metrowest Corridor Partnership Inc (EIN: 161658406) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does 495 Metrowest Corridor Partnership Inc spend its money?
495 Metrowest Corridor Partnership Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 495 Metrowest Corridor Partnership Inc tax-deductible?
495 Metrowest Corridor Partnership Inc is registered as a tax-exempt nonprofit (EIN: 161658406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 495 Metrowest Corridor Partnership Inc's spending goes to programs?
495 Metrowest Corridor Partnership Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 495 Metrowest Corridor Partnership Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), 495 Metrowest Corridor Partnership Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 495 Metrowest Corridor Partnership Inc located?
495 Metrowest Corridor Partnership Inc is headquartered in Westborough, Massachusetts and files with the IRS under EIN 161658406. It is classified under NTEE code S41.
How many years of IRS 990 filings does 495 Metrowest Corridor Partnership Inc have?
495 Metrowest Corridor Partnership 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 $409K in total revenue.
Is 495 Metrowest Corridor Partnership Inc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, which suggests a strong commitment to its mission. Its assets consistently exceed liabilities, indicating financial stability, though revenue and expenses can fluctuate.
What caused the significant revenue spike in 2022?
The IRS 990 data shows revenue jumped to $1,027,872 in 2022 from $308,875 in 2021. Without access to the full 990 forms, the specific source of this increase (e.g., a large grant, specific project funding) cannot be determined, but it represents a significant, albeit temporary, increase in financial activity.
How does the organization manage its operating deficits, such as in 2023?
In 2023, expenses ($441,508) exceeded revenue ($427,385), resulting in an operating deficit. The organization's ability to maintain positive assets ($484,725) despite this suggests it draws from reserves or has other non-operating income sources. Consistent deficits could be a concern for long-term sustainability.
Filing History
IRS 990 filing history for 495 Metrowest Corridor Partnership Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 495 Metrowest Corridor Partnership Inc's revenue has grown by 45.2%, moving from $294K to $427K. Total assets increased by 88.3% over the same period, from $257K to $485K. Total functional expenses rose by 64.3%, from $269K to $442K. In its most recent filing year (2023), 495 Metrowest Corridor Partnership Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $31K in liabilities against $485K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $454K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $427K | $442K | $485K | $31K | — | — |
| 2022 | $1.0M | $1.0M | $712K | $244K | — | View 990 |
| 2021 | $309K | $326K | $519K | $65K | — | — |
| 2020 | $369K | $265K | $528K | $58K | — | — |
| 2019 | $485K | $363K | $435K | $47K | — | View 990 |
| 2018 | $444K | $372K | $316K | $49K | — | View 990 |
| 2017 | $311K | $358K | $223K | $28K | — | View 990 |
| 2016 | $420K | $357K | $367K | $74K | — | View 990 |
| 2015 | $370K | $330K | $254K | $24K | — | View 990 |
| 2014 | $326K | $308K | $219K | $32K | — | View 990 |
| 2013 | $332K | $261K | $214K | $30K | — | View 990 |
| 2012 | $113K | $243K | $155K | $48K | — | View 990 |
| 2011 | $294K | $269K | $257K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $427K, expenses of $442K, and assets of $485K (revenue -58.4% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $712K (revenue +232.8% year-over-year).
- 2021: Revenue of $309K, expenses of $326K, and assets of $519K (revenue -16.4% year-over-year).
- 2020: Revenue of $369K, expenses of $265K, and assets of $528K (revenue -23.8% year-over-year).
- 2019: Revenue of $485K, expenses of $363K, and assets of $435K (revenue +9.2% year-over-year).
- 2018: Revenue of $444K, expenses of $372K, and assets of $316K (revenue +42.6% year-over-year).
- 2017: Revenue of $311K, expenses of $358K, and assets of $223K (revenue -25.8% year-over-year).
- 2016: Revenue of $420K, expenses of $357K, and assets of $367K (revenue +13.5% year-over-year).
- 2015: Revenue of $370K, expenses of $330K, and assets of $254K (revenue +13.3% year-over-year).
- 2014: Revenue of $326K, expenses of $308K, and assets of $219K (revenue -1.7% year-over-year).
- 2013: Revenue of $332K, expenses of $261K, and assets of $214K (revenue +192.7% year-over-year).
- 2012: Revenue of $113K, expenses of $243K, and assets of $155K (revenue -61.5% year-over-year).
- 2011: Revenue of $294K, expenses of $269K, and assets of $257K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 495 Metrowest Corridor Partnership Inc:
Data Sources and Methodology
This transparency report for 495 Metrowest Corridor Partnership 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.