Alray Taylor Second Chance Scholarship Fund Corporation
EIN: 270955022 · Boston, MA · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $598K |
| Total Expenses | $382K |
| Net Assets | $851K |
Is Alray Taylor Second Chance Scholarship Fund Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alray Taylor Second Chance Scholarship Fund Corporation
Alray Taylor Second Chance Scholarship Fund Corporation (EIN: 270955022) is a nonprofit organization based in Boston, MA, classified under NTEE code B82. The organization reported total revenue of $598K and total assets of $907K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alray Taylor Second Chance Scholarship Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alray Taylor Second Chance Scholarship Fund Corporation is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $597K |
| Total Expenses | $382K |
| Surplus / Deficit | +$215K |
| Total Assets | $867K |
| Total Liabilities | $15K |
| Net Assets | $851K |
| Operating Margin | 36.1% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 27.2 months |
Financial Health Grade: A
In 2023, Alray Taylor Second Chance Scholarship Fund Corporation reported a surplus of $215K with revenue exceeding expenses, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alray Taylor Second Chance Scholarship Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 31.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.2% | +69.5% | +33.9% |
| 2022 | +38.7% | +20.6% | +45.7% |
| 2021 | -6.7% | -2.0% | +12.3% |
| 2020 | +68.1% | +29.9% | +23.3% |
| 2019 | -10.2% | -1.4% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alray Taylor Second Chance Scholarship Fund Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alray Taylor Second Chance Scholarship Fund Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $215K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Alray Taylor Second Chance Scholarship Fund Corporation
Is Alray Taylor Second Chance Scholarship Fund Corporation a legitimate charity?
Alray Taylor Second Chance Scholarship Fund Corporation (EIN: 270955022) is a registered tax-exempt nonprofit based in Massachusetts. It has 13 years of IRS 990 filings on record. Total revenue: $598K. No red flags identified. Financial health grade: A.
How does Alray Taylor Second Chance Scholarship Fund Corporation spend its money?
Alray Taylor Second Chance Scholarship Fund Corporation reported $598K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Alray Taylor Second Chance Scholarship Fund Corporation tax-deductible?
Alray Taylor Second Chance Scholarship Fund Corporation is registered as a tax-exempt nonprofit (EIN: 270955022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Alray Taylor Second Chance Scholarship Fund Corporation located?
Alray Taylor Second Chance Scholarship Fund Corporation is headquartered in Boston, Massachusetts and files with the IRS under EIN 270955022. It is classified under NTEE code B82.
How many years of IRS 990 filings does Alray Taylor Second Chance Scholarship Fund Corporation have?
Alray Taylor Second Chance Scholarship Fund Corporation 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 $598K in total revenue.
Filing History
IRS 990 filing history for Alray Taylor Second Chance Scholarship Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alray Taylor Second Chance Scholarship Fund Corporation's revenue has grown by 2538.6%, moving from $23K to $597K. Total assets increased by 1126.5% over the same period, from $71K to $867K. Total functional expenses rose by 4063.8%, from $9K to $382K. In its most recent filing year (2023), Alray Taylor Second Chance Scholarship Fund Corporation reported a surplus of $215K, with revenue exceeding expenses. The organization holds $15K in liabilities against $867K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $851K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $597K | $382K | $867K | $15K | — | View 990 |
| 2022 | $329K | $225K | $647K | $14K | — | View 990 |
| 2021 | $238K | $187K | $444K | $16K | — | View 990 |
| 2020 | $255K | $191K | $396K | $18K | — | View 990 |
| 2019 | $151K | $147K | $321K | $7K | — | View 990 |
| 2018 | $169K | $149K | $323K | $14K | — | View 990 |
| 2017 | $230K | $110K | $294K | $5K | — | View 990 |
| 2016 | $77K | $92K | $170K | $551 | — | View 990 |
| 2015 | $154K | $79K | $184K | $0 | — | View 990 |
| 2014 | $26K | $28K | $110K | $0 | — | View 990 |
| 2013 | $38K | $23K | $112K | $0 | — | View 990 |
| 2012 | $39K | $12K | $98K | $0 | — | View 990 |
| 2011 | $23K | $9K | $71K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $597K, expenses of $382K, and assets of $867K (revenue +81.2% year-over-year).
- 2022: Revenue of $329K, expenses of $225K, and assets of $647K (revenue +38.7% year-over-year).
- 2021: Revenue of $238K, expenses of $187K, and assets of $444K (revenue -6.7% year-over-year).
- 2020: Revenue of $255K, expenses of $191K, and assets of $396K (revenue +68.1% year-over-year).
- 2019: Revenue of $151K, expenses of $147K, and assets of $321K (revenue -10.2% year-over-year).
- 2018: Revenue of $169K, expenses of $149K, and assets of $323K (revenue -26.6% year-over-year).
- 2017: Revenue of $230K, expenses of $110K, and assets of $294K (revenue +199.1% year-over-year).
- 2016: Revenue of $77K, expenses of $92K, and assets of $170K (revenue -50.0% year-over-year).
- 2015: Revenue of $154K, expenses of $79K, and assets of $184K (revenue +496.6% year-over-year).
- 2014: Revenue of $26K, expenses of $28K, and assets of $110K (revenue -31.6% year-over-year).
- 2013: Revenue of $38K, expenses of $23K, and assets of $112K (revenue -4.1% year-over-year).
- 2012: Revenue of $39K, expenses of $12K, and assets of $98K (revenue +73.5% year-over-year).
- 2011: Revenue of $23K, expenses of $9K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alray Taylor Second Chance Scholarship Fund Corporation:
Data Sources and Methodology
This transparency report for Alray Taylor Second Chance Scholarship Fund Corporation 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.