Bilingual Veterans Outreach Centers Of Massachusetts Inc
Bilingual Veterans Outreach Centers: Stable Finances, High Program Spending
EIN: 222781572 · Springfield, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $912K |
| Total Expenses | $947K |
| Program Spending | 87% |
| Net Assets | $112K |
| Transparency Score | 75/100 |
Is Bilingual Veterans Outreach Centers Of Massachusetts Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bilingual Veterans Outreach Centers Of Massachusetts Inc directs 87% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bilingual Veterans Outreach Centers Of Massachusetts Inc
Bilingual Veterans Outreach Centers Of Massachusetts Inc (EIN: 222781572) is a nonprofit organization based in Springfield, MA. The organization reported total revenue of $912K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bilingual Veterans Outreach Centers Of Massachusetts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bilingual Veterans Outreach Centers Of Massachusetts Inc is a small nonprofit that has been operating for 13 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $825K |
| Total Expenses | $947K |
| Surplus / Deficit | $-122,046 |
| Total Assets | $3.2M |
| Total Liabilities | $3.1M |
| Net Assets | $112K |
| Operating Margin | -14.8% |
| Debt-to-Asset Ratio | 96.5% |
| Months of Reserves | 40.6 months |
Financial Health Grade: C
In 2023, Bilingual Veterans Outreach Centers Of Massachusetts Inc reported a deficit of $122K with expenses exceeding revenue, holds 40.6 months of operating reserves (strong position), has a debt-to-asset ratio of 96.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bilingual Veterans Outreach Centers Of Massachusetts Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | +11.3% | -4.1% |
| 2022 | -2.3% | -5.7% | -1.6% |
| 2021 | +4.9% | +8.8% | -2.6% |
| 2020 | -4.4% | +0.3% | -2.0% |
| 2019 | +7.6% | +1.2% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Bilingual Veterans Outreach Centers Of Massachusetts Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 87%
- fundraising: 5%
According to IRS 990 filings, Bilingual Veterans Outreach Centers Of Massachusetts Inc allocates its expenses as follows: admin: 8%, programs: 87%, fundraising: 5%. With 87% 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 $122K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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.
Strengths
The following positive indicators were identified for Bilingual Veterans Outreach Centers Of Massachusetts Inc:
- Consistently high percentage of expenses dedicated to programs (e.g., 87% in 2023).
- Stable revenue and asset base over the past several years.
- Low administrative and fundraising overhead.
Frequently Asked Questions about Bilingual Veterans Outreach Centers Of Massachusetts Inc
Is Bilingual Veterans Outreach Centers Of Massachusetts Inc a legitimate charity?
Bilingual Veterans Outreach Centers Of Massachusetts Inc (EIN: 222781572) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $912K. No red flags identified. 3 strengths noted. Financial health grade: C.
How does Bilingual Veterans Outreach Centers Of Massachusetts Inc spend its money?
Bilingual Veterans Outreach Centers Of Massachusetts Inc directs 87% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bilingual Veterans Outreach Centers Of Massachusetts Inc tax-deductible?
Bilingual Veterans Outreach Centers Of Massachusetts Inc is registered as a tax-exempt nonprofit (EIN: 222781572). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bilingual Veterans Outreach Centers Of Massachusetts Inc's spending goes to programs?
Bilingual Veterans Outreach Centers Of Massachusetts Inc directs 87% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bilingual Veterans Outreach Centers Of Massachusetts Inc located?
Bilingual Veterans Outreach Centers Of Massachusetts Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 222781572.
How many years of IRS 990 filings does Bilingual Veterans Outreach Centers Of Massachusetts Inc have?
Bilingual Veterans Outreach Centers Of Massachusetts 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 $912K in total revenue.
What does Bilingual Veterans Outreach Centers Of Massachusetts Inc do?
Bilingual Veterans Outreach Centers Of Massachusetts Inc is a nonprofit organization in the Unknown sector, located in Springfield, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Bilingual Veterans Outreach Centers Of Massachusetts Inc have?
Bilingual Veterans Outreach Centers Of Massachusetts Inc reported total revenue of $911,889. Based on 13 IRS 990 filings on record.
What are Bilingual Veterans Outreach Centers Of Massachusetts Inc's total assets?
Bilingual Veterans Outreach Centers Of Massachusetts Inc holds total assets of $3,191,744 as reported in IRS 990 filings.
Where is Bilingual Veterans Outreach Centers Of Massachusetts Inc located?
Bilingual Veterans Outreach Centers Of Massachusetts Inc is based in Springfield, Massachusetts.
What is Bilingual Veterans Outreach Centers Of Massachusetts Inc's EIN?
Bilingual Veterans Outreach Centers Of Massachusetts Inc's Employer Identification Number (EIN) is 222781572. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bilingual Veterans Outreach Centers Of Massachusetts Inc?
Bilingual Veterans Outreach Centers Of Massachusetts Inc is classified under NTEE code Unknown (Unknown).
Is Bilingual Veterans Outreach Centers Of Massachusetts Inc a registered 501(c)(3)?
Bilingual Veterans Outreach Centers Of Massachusetts Inc appears in IRS records (EIN: 222781572). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bilingual Veterans Outreach Centers Of Massachusetts Inc file IRS Form 990?
Yes, Bilingual Veterans Outreach Centers Of Massachusetts Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Bilingual Veterans Outreach Centers Of Massachusetts Inc's revenue in 2023?
In the 202306 filing period, Bilingual Veterans Outreach Centers Of Massachusetts Inc reported total revenue of $825,185, total expenses of $947,231, and net assets of $3,202,710.
Is Bilingual Veterans Outreach Centers Of Massachusetts Inc's revenue growing or declining?
Bilingual Veterans Outreach Centers Of Massachusetts Inc's revenue is relatively stable. Revenue went from $802,764 (202206) to $825,185 (202306), a +2.8% change. Based on 13 filings on record.
What is Bilingual Veterans Outreach Centers Of Massachusetts Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bilingual Veterans Outreach Centers Of Massachusetts Inc covers tax period 202306. It shows revenue of $825,185, expenses of $947,231, total assets of $3,202,710, and liabilities of $3,090,839.
How much does Bilingual Veterans Outreach Centers Of Massachusetts Inc spend on programs vs administration?
Based on IRS 990 analysis, Bilingual Veterans Outreach Centers Of Massachusetts Inc allocates approximately 87% of expenses to program services, 8% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Bilingual Veterans Outreach Centers Of Massachusetts Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bilingual Veterans Outreach Centers Of Massachusetts Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Bilingual Veterans Outreach Centers Of Massachusetts Inc's strengths?
Positive indicators for Bilingual Veterans Outreach Centers Of Massachusetts Inc include: Consistently high percentage of expenses dedicated to programs (e.g., 87% in 2023).. Stable revenue and asset base over the past several years.. Low administrative and fundraising overhead.. These findings are derived from AI analysis of the organization's financial filings.
How does Bilingual Veterans Outreach Centers Of Massachusetts Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization maintain a high program spending ratio despite fluctuating revenue and expenses over the years?
The organization appears to consistently prioritize program delivery, adjusting other expenditures to maintain a high percentage of spending on direct services to veterans, as evidenced by the 2023 program spending of $825,185 out of total expenses of $947,231.
Filing History
IRS 990 filing history for Bilingual Veterans Outreach Centers Of Massachusetts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bilingual Veterans Outreach Centers Of Massachusetts Inc's revenue has grown by 113.2%, moving from $387K to $825K. Total assets increased by 757.5% over the same period, from $373K to $3.2M. Total functional expenses rose by 142.4%, from $391K to $947K. In its most recent filing year (2023), Bilingual Veterans Outreach Centers Of Massachusetts Inc reported a deficit of $122K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $3.2M in assets (debt-to-asset ratio: 96.5%), resulting in net assets of $112K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $825K | $947K | $3.2M | $3.1M | — | View 990 |
| 2022 | $803K | $851K | $3.3M | $3.1M | — | View 990 |
| 2021 | $822K | $903K | $3.4M | $3.1M | — | View 990 |
| 2020 | $783K | $830K | $3.5M | $3.1M | — | View 990 |
| 2019 | $820K | $827K | $3.6M | $3.1M | — | View 990 |
| 2018 | $762K | $817K | $3.5M | $3.1M | — | View 990 |
| 2017 | $674K | $793K | $3.6M | $3.1M | — | View 990 |
| 2016 | $781K | $507K | $3.8M | $3.2M | — | View 990 |
| 2015 | $512K | $465K | $1.2M | $866K | — | View 990 |
| 2014 | $465K | $458K | $702K | $159K | — | View 990 |
| 2013 | $435K | $397K | $384K | $304K | — | View 990 |
| 2012 | $381K | $387K | $339K | $297K | — | View 990 |
| 2011 | $387K | $391K | $373K | $326K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $825K, expenses of $947K, and assets of $3.2M (revenue +2.8% year-over-year).
- 2022: Revenue of $803K, expenses of $851K, and assets of $3.3M (revenue -2.3% year-over-year).
- 2021: Revenue of $822K, expenses of $903K, and assets of $3.4M (revenue +4.9% year-over-year).
- 2020: Revenue of $783K, expenses of $830K, and assets of $3.5M (revenue -4.4% year-over-year).
- 2019: Revenue of $820K, expenses of $827K, and assets of $3.6M (revenue +7.6% year-over-year).
- 2018: Revenue of $762K, expenses of $817K, and assets of $3.5M (revenue +13.0% year-over-year).
- 2017: Revenue of $674K, expenses of $793K, and assets of $3.6M (revenue -13.7% year-over-year).
- 2016: Revenue of $781K, expenses of $507K, and assets of $3.8M (revenue +52.7% year-over-year).
- 2015: Revenue of $512K, expenses of $465K, and assets of $1.2M (revenue +10.1% year-over-year).
- 2014: Revenue of $465K, expenses of $458K, and assets of $702K (revenue +6.8% year-over-year).
- 2013: Revenue of $435K, expenses of $397K, and assets of $384K (revenue +14.0% year-over-year).
- 2012: Revenue of $381K, expenses of $387K, and assets of $339K (revenue -1.5% year-over-year).
- 2011: Revenue of $387K, expenses of $391K, and assets of $373K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bilingual Veterans Outreach Centers Of Massachusetts Inc:
Data Sources and Methodology
This transparency report for Bilingual Veterans Outreach Centers Of Massachusetts 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.