Community Foundation Of Western Massachusetts
Community Foundation of Western Massachusetts: Strong Asset Growth, Moderate Spending Efficiency
EIN: 223089640 · Springfield, MA · NTEE: T310 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $67.9M |
| Total Expenses | $21.5M |
| Program Spending | 70% |
| Net Assets | $215.5M |
| Transparency Score | 75/100 |
Is Community Foundation Of Western Massachusetts Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Foundation Of Western Massachusetts directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Community Foundation Of Western Massachusetts
Community Foundation Of Western Massachusetts (EIN: 223089640) is a nonprofit organization based in Springfield, MA, classified under NTEE code T310. The organization reported total revenue of $67.9M and total assets of $292.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Foundation Of Western Massachusetts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Foundation Of Western Massachusetts is a major nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.8M |
| Total Expenses | $21.5M |
| Surplus / Deficit | $-5,722,267 |
| Total Assets | $239.2M |
| Total Liabilities | $23.7M |
| Net Assets | $215.5M |
| Operating Margin | -36.2% |
| Debt-to-Asset Ratio | 9.9% |
| Months of Reserves | 133.3 months |
Financial Health Grade: B
In 2023, Community Foundation Of Western Massachusetts reported a deficit of $5.7M with expenses exceeding revenue, holds 133.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Foundation Of Western Massachusetts's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.9% | +14.2% | -9.3% |
| 2022 | +8.6% | -8.9% | +14.0% |
| 2021 | +21.2% | +56.8% | +41.8% |
| 2020 | +234.9% | +17.7% | +6.5% |
| 2019 | -39.3% | -2.5% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Community Foundation Of Western Massachusetts 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Community Foundation Of Western Massachusetts allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.9%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the given data, as 'c0%' is consistently reported, preventing a specific assessment of individual salaries.
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 Community Foundation Of Western Massachusetts:
- Significant asset growth from $146,127,827 in 2018 to $292,131,079 in 2023, indicating strong financial health and donor confidence.
- Consistent revenue generation over the years, with a notable increase to $67,870,737 in 2023.
- Low liability-to-asset ratio, suggesting sound financial management.
Frequently Asked Questions about Community Foundation Of Western Massachusetts
Is Community Foundation Of Western Massachusetts a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Foundation Of Western Massachusetts (EIN: 223089640) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Community Foundation Of Western Massachusetts spend its money?
Community Foundation Of Western Massachusetts directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Foundation Of Western Massachusetts tax-deductible?
Community Foundation Of Western Massachusetts is registered as a tax-exempt nonprofit (EIN: 223089640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Community Foundation Of Western Massachusetts's spending goes to programs?
Community Foundation Of Western Massachusetts directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Community Foundation Of Western Massachusetts compare to similar nonprofits?
With a transparency score of 75/100 (Good), Community Foundation Of Western Massachusetts is above average for NTEE category T310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Foundation Of Western Massachusetts located?
Community Foundation Of Western Massachusetts is headquartered in Springfield, Massachusetts and files with the IRS under EIN 223089640. It is classified under NTEE code T310.
How many years of IRS 990 filings does Community Foundation Of Western Massachusetts have?
Community Foundation Of Western Massachusetts 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 $67.9M in total revenue.
What does Community Foundation Of Western Massachusetts do?
Community Foundation Of Western Massachusetts is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Springfield, Massachusetts. It is classified under NTEE code T310.
How much revenue does Community Foundation Of Western Massachusetts have?
Community Foundation Of Western Massachusetts reported total revenue of $67,870,737. Based on 13 IRS 990 filings on record.
What are Community Foundation Of Western Massachusetts's total assets?
Community Foundation Of Western Massachusetts holds total assets of $292,131,079 as reported in IRS 990 filings.
Where is Community Foundation Of Western Massachusetts located?
Community Foundation Of Western Massachusetts is based in Springfield, Massachusetts.
What is Community Foundation Of Western Massachusetts's EIN?
Community Foundation Of Western Massachusetts's Employer Identification Number (EIN) is 223089640. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Foundation Of Western Massachusetts?
Community Foundation Of Western Massachusetts is classified under NTEE code T310 (Philanthropy, Voluntarism & Grantmaking).
Is Community Foundation Of Western Massachusetts a registered 501(c)(3)?
Yes, Community Foundation Of Western Massachusetts is recognized as a tax-exempt organization by the IRS. EIN: 223089640.
Does Community Foundation Of Western Massachusetts file IRS Form 990?
Yes, Community Foundation Of Western Massachusetts has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Community Foundation Of Western Massachusetts's revenue in 2023?
In the 202303 filing period, Community Foundation Of Western Massachusetts reported total revenue of $15,810,875, total expenses of $21,533,142, and net assets of $239,194,168.
Is Community Foundation Of Western Massachusetts's revenue growing or declining?
Community Foundation Of Western Massachusetts's revenue is declining. Revenue went from $50,890,910 (202203) to $15,810,875 (202303), a -68.9% change. Based on 13 filings on record.
What is Community Foundation Of Western Massachusetts's most recent 990 filing?
The most recent IRS Form 990 filing for Community Foundation Of Western Massachusetts covers tax period 202303. It shows revenue of $15,810,875, expenses of $21,533,142, total assets of $239,194,168, and liabilities of $23,725,012.
How much does Community Foundation Of Western Massachusetts spend on programs vs administration?
Based on IRS 990 analysis, Community Foundation Of Western Massachusetts allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Community Foundation Of Western Massachusetts a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Foundation Of Western Massachusetts appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Community Foundation Of Western Massachusetts's strengths?
Positive indicators for Community Foundation Of Western Massachusetts include: Significant asset growth from $146,127,827 in 2018 to $292,131,079 in 2023, indicating strong financial health and donor confidence.. Consistent revenue generation over the years, with a notable increase to $67,870,737 in 2023.. Low liability-to-asset ratio, suggesting sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Foundation Of Western Massachusetts compensate executives?
Executive compensation details are not explicitly provided in the given data, as 'c0%' is consistently reported, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the 'c0%' compensation reporting impact the overall transparency assessment for executive compensation?
The consistent reporting of 'c0%' for compensation in the provided filings means that specific executive compensation figures are not disclosed within this dataset. This limits the ability to assess individual executive salaries and benefits, requiring a review of other public filings (e.g., full Form 990) for a complete picture of executive compensation transparency.
What factors contributed to the substantial increase in assets from 2018 to 2023?
The significant asset growth from $146,127,827 in 2018 to $292,131,079 in 2023 is likely a combination of strong investment returns on existing assets and successful fundraising efforts, as evidenced by the fluctuating but generally increasing revenue figures over the same period.
Filing History
IRS 990 filing history for Community Foundation Of Western Massachusetts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Foundation Of Western Massachusetts's revenue has grown by 145.8%, moving from $6.4M to $15.8M. Total assets increased by 152.6% over the same period, from $94.7M to $239.2M. Total functional expenses rose by 131%, from $9.3M to $21.5M. In its most recent filing year (2023), Community Foundation Of Western Massachusetts reported a deficit of $5.7M, with expenses exceeding revenue. The organization holds $23.7M in liabilities against $239.2M in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $215.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.8M | $21.5M | $239.2M | $23.7M | — | View 990 |
| 2022 | $50.9M | $18.9M | $263.7M | $26.0M | — | View 990 |
| 2021 | $46.8M | $20.7M | $231.3M | $23.6M | — | View 990 |
| 2020 | $38.6M | $13.2M | $163.1M | $19.0M | — | View 990 |
| 2019 | $11.5M | $11.2M | $153.2M | $17.8M | — | View 990 |
| 2018 | $19.0M | $11.5M | $146.1M | $12.1M | — | View 990 |
| 2017 | $13.9M | $10.3M | $131.5M | $10.9M | — | View 990 |
| 2016 | $14.7M | $9.9M | $118.5M | $10.1M | — | View 990 |
| 2015 | $13.7M | $8.7M | $121.3M | $10.5M | — | View 990 |
| 2014 | $9.9M | $9.1M | $114.3M | $9.5M | — | View 990 |
| 2013 | $10.2M | $11.4M | $103.6M | $9.0M | — | View 990 |
| 2012 | $10.2M | $8.5M | $98.0M | $8.3M | — | View 990 |
| 2011 | $6.4M | $9.3M | $94.7M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.8M, expenses of $21.5M, and assets of $239.2M (revenue -68.9% year-over-year).
- 2022: Revenue of $50.9M, expenses of $18.9M, and assets of $263.7M (revenue +8.6% year-over-year).
- 2021: Revenue of $46.8M, expenses of $20.7M, and assets of $231.3M (revenue +21.2% year-over-year).
- 2020: Revenue of $38.6M, expenses of $13.2M, and assets of $163.1M (revenue +234.9% year-over-year).
- 2019: Revenue of $11.5M, expenses of $11.2M, and assets of $153.2M (revenue -39.3% year-over-year).
- 2018: Revenue of $19.0M, expenses of $11.5M, and assets of $146.1M (revenue +36.3% year-over-year).
- 2017: Revenue of $13.9M, expenses of $10.3M, and assets of $131.5M (revenue -5.5% year-over-year).
- 2016: Revenue of $14.7M, expenses of $9.9M, and assets of $118.5M (revenue +7.4% year-over-year).
- 2015: Revenue of $13.7M, expenses of $8.7M, and assets of $121.3M (revenue +39.3% year-over-year).
- 2014: Revenue of $9.9M, expenses of $9.1M, and assets of $114.3M (revenue -3.7% year-over-year).
- 2013: Revenue of $10.2M, expenses of $11.4M, and assets of $103.6M (revenue +0.3% year-over-year).
- 2012: Revenue of $10.2M, expenses of $8.5M, and assets of $98.0M (revenue +58.6% year-over-year).
- 2011: Revenue of $6.4M, expenses of $9.3M, and assets of $94.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Foundation Of Western Massachusetts:
Data Sources and Methodology
This transparency report for Community Foundation Of Western Massachusetts 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.