Cape & Islands Self Reliance Corporation
EIN: 42724985 · Cataumet, MA · NTEE: C350
| Metric | Value |
|---|---|
| Total Revenue | $401K |
| Total Expenses | $366K |
| Net Assets | $190K |
Is Cape & Islands Self Reliance Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cape & Islands Self Reliance Corporation
Cape & Islands Self Reliance Corporation (EIN: 42724985) is a nonprofit organization based in Cataumet, MA, classified under NTEE code C350. The organization reported total revenue of $401K and total assets of $430K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cape & Islands Self Reliance Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cape & Islands Self Reliance Corporation is a small nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $368K |
| Total Expenses | $366K |
| Surplus / Deficit | +$1K |
| Total Assets | $395K |
| Total Liabilities | $205K |
| Net Assets | $190K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 51.8% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2024, Cape & Islands Self Reliance Corporation reported a surplus of $1K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 51.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Cape & Islands Self Reliance Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.3% | +5.2% | -6.8% |
| 2023 | +27.0% | +18.8% | +5.4% |
| 2022 | -9.1% | +13.7% | -12.0% |
| 2021 | +11.4% | -6.5% | +4.7% |
| 2020 | -1.5% | +2.1% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cape & Islands Self Reliance 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 Cape & Islands Self Reliance 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.8%.
Frequently Asked Questions about Cape & Islands Self Reliance Corporation
Is Cape & Islands Self Reliance Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cape & Islands Self Reliance Corporation (EIN: 42724985) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cape & Islands Self Reliance Corporation spend its money?
Detailed spending breakdown data is not yet available for Cape & Islands Self Reliance Corporation. Check back for updated IRS 990 analysis.
Are donations to Cape & Islands Self Reliance Corporation tax-deductible?
Cape & Islands Self Reliance Corporation is registered as a tax-exempt nonprofit (EIN: 42724985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cape & Islands Self Reliance Corporation located?
Cape & Islands Self Reliance Corporation is headquartered in Cataumet, Massachusetts and files with the IRS under EIN 42724985. It is classified under NTEE code C350.
How many years of IRS 990 filings does Cape & Islands Self Reliance Corporation have?
Cape & Islands Self Reliance Corporation has 14 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 $401K in total revenue.
Filing History
IRS 990 filing history for Cape & Islands Self Reliance Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Cape & Islands Self Reliance Corporation's revenue has declined by 4.6%, moving from $385K to $368K. Total assets increased by 108% over the same period, from $190K to $395K. Total functional expenses rose by 19%, from $308K to $366K. In its most recent filing year (2024), Cape & Islands Self Reliance Corporation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $205K in liabilities against $395K in assets (debt-to-asset ratio: 51.8%), resulting in net assets of $190K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $368K | $366K | $395K | $205K | — | — |
| 2023 | $349K | $348K | $424K | $235K | — | View 990 |
| 2022 | $275K | $293K | $402K | $214K | — | View 990 |
| 2021 | $302K | $258K | $457K | $250K | — | View 990 |
| 2020 | $271K | $276K | $436K | $274K | — | View 990 |
| 2019 | $276K | $270K | $400K | $233K | — | View 990 |
| 2018 | $310K | $248K | $378K | $217K | — | View 990 |
| 2017 | $252K | $269K | $316K | $217K | — | View 990 |
| 2016 | $270K | $330K | $340K | $224K | — | View 990 |
| 2015 | $307K | $307K | $404K | $228K | — | View 990 |
| 2014 | $278K | $276K | $408K | $231K | — | View 990 |
| 2013 | $248K | $257K | $409K | $233K | — | View 990 |
| 2012 | $276K | $282K | $423K | $239K | — | View 990 |
| 2011 | $385K | $308K | $190K | $151 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $368K, expenses of $366K, and assets of $395K (revenue +5.3% year-over-year).
- 2023: Revenue of $349K, expenses of $348K, and assets of $424K (revenue +27.0% year-over-year).
- 2022: Revenue of $275K, expenses of $293K, and assets of $402K (revenue -9.1% year-over-year).
- 2021: Revenue of $302K, expenses of $258K, and assets of $457K (revenue +11.4% year-over-year).
- 2020: Revenue of $271K, expenses of $276K, and assets of $436K (revenue -1.5% year-over-year).
- 2019: Revenue of $276K, expenses of $270K, and assets of $400K (revenue -11.0% year-over-year).
- 2018: Revenue of $310K, expenses of $248K, and assets of $378K (revenue +22.7% year-over-year).
- 2017: Revenue of $252K, expenses of $269K, and assets of $316K (revenue -6.4% year-over-year).
- 2016: Revenue of $270K, expenses of $330K, and assets of $340K (revenue -12.1% year-over-year).
- 2015: Revenue of $307K, expenses of $307K, and assets of $404K (revenue +10.5% year-over-year).
- 2014: Revenue of $278K, expenses of $276K, and assets of $408K (revenue +11.9% year-over-year).
- 2013: Revenue of $248K, expenses of $257K, and assets of $409K (revenue -10.2% year-over-year).
- 2012: Revenue of $276K, expenses of $282K, and assets of $423K (revenue -28.3% year-over-year).
- 2011: Revenue of $385K, expenses of $308K, and assets of $190K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cape & Islands Self Reliance Corporation:
Data Sources and Methodology
This transparency report for Cape & Islands Self Reliance 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.