Dare Massachusetts Inc
Dare Massachusetts Inc. shows consistent decline in revenue and assets, operating at near break-even with no officer compensation.
EIN: 20575388 · Myrtle Beach, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $176K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $175,760 |
| Net Assets | $3K |
| Transparency Score | 55/100 |
Is Dare Massachusetts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dare Massachusetts Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Dare Massachusetts Inc
Dare Massachusetts Inc (EIN: 20575388) is a nonprofit organization based in Myrtle Beach, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dare Massachusetts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dare Massachusetts Inc is a small nonprofit, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -10.8%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $176K |
| Surplus / Deficit | $-301 |
| Total Assets | $7K |
| Total Liabilities | $4K |
| Net Assets | $3K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 56.1% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2018, Dare Massachusetts Inc reported a deficit of $301 with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 56.1% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Dare Massachusetts Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -10.8% | -12.2% | -7.3% |
| 2017 | -6.3% | -5.8% | -12.2% |
| 2016 | -10.2% | -13.6% | -23.4% |
| 2015 | -23.4% | -16.6% | -50.1% |
| 2014 | -2.4% | -6.2% | +89.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dare Massachusetts Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Dare Massachusetts Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $301, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization with expenses ranging from $175,760 to $387,325.
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 Dare Massachusetts Inc's IRS 990 filings:
- Consistent decline in revenue and assets over multiple years, indicating potential instability.
- Latest summary shows $0 revenue and assets, suggesting potential cessation of operations.
- Operating at near break-even or slight deficit for most reported periods, limiting financial growth.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits efficiency assessment.
Strengths
The following positive indicators were identified for Dare Massachusetts Inc:
- Consistently reports 0% officer compensation, indicating resources are not used for executive salaries.
- Maintained operations for several years despite declining financial activity.
Frequently Asked Questions about Dare Massachusetts Inc
Is Dare Massachusetts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dare Massachusetts Inc (EIN: 20575388) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Dare Massachusetts Inc spend its money?
Dare Massachusetts Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dare Massachusetts Inc tax-deductible?
Dare Massachusetts Inc is registered as a tax-exempt nonprofit (EIN: 20575388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Dare Massachusetts Inc CEO make?
Dare Massachusetts Inc's highest-compensated officer earns $175,760 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Dare Massachusetts Inc's spending goes to programs?
Dare Massachusetts Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Dare Massachusetts Inc located?
Dare Massachusetts Inc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 20575388.
How many years of IRS 990 filings does Dare Massachusetts Inc have?
Dare Massachusetts Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Dare Massachusetts Inc. given the $0 revenue and assets in the latest summary?
The provided data indicates that as of the latest summary, Dare Massachusetts Inc. has $0 in revenue and assets, suggesting it may no longer be actively operating or has ceased operations.
Why has the organization's revenue consistently declined from $390,136 in 2011 to $175,459 in 2018?
The consistent decline in revenue suggests potential challenges in fundraising, decreased demand for services, or a strategic decision to scale down operations. Without further details from the 990s, the exact reasons are unclear.
How does Dare Massachusetts Inc. manage to operate with 0% officer compensation given its expense levels?
Operating with 0% officer compensation for expenses ranging from $175,760 to $387,325 is highly unusual. This could imply that leadership is entirely volunteer-based, or compensation is structured in a way not reported as officer compensation on the 990, or the organization relies heavily on contractors rather than employees.
Filing History
IRS 990 filing history for Dare Massachusetts Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Dare Massachusetts Inc's revenue has declined by 55%, moving from $390K to $175K. Total assets decreased by 81.4% over the same period, from $38K to $7K. Total functional expenses fell by 54.6%, from $387K to $176K. In its most recent filing year (2018), Dare Massachusetts Inc reported a deficit of $301, with expenses exceeding revenue. The organization holds $4K in liabilities against $7K in assets (debt-to-asset ratio: 56.1%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $175K | $176K | $7K | $4K | — | View 990 |
| 2017 | $197K | $200K | $8K | $4K | — | View 990 |
| 2016 | $210K | $213K | $9K | $2K | — | View 990 |
| 2015 | $234K | $246K | $11K | $2K | — | View 990 |
| 2014 | $305K | $295K | $23K | $884 | — | View 990 |
| 2013 | $313K | $315K | $12K | $212 | — | View 990 |
| 2012 | $311K | $335K | $14K | $213 | — | View 990 |
| 2011 | $390K | $387K | $38K | $341 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $175K, expenses of $176K, and assets of $7K (revenue -10.8% year-over-year).
- 2017: Revenue of $197K, expenses of $200K, and assets of $8K (revenue -6.3% year-over-year).
- 2016: Revenue of $210K, expenses of $213K, and assets of $9K (revenue -10.2% year-over-year).
- 2015: Revenue of $234K, expenses of $246K, and assets of $11K (revenue -23.4% year-over-year).
- 2014: Revenue of $305K, expenses of $295K, and assets of $23K (revenue -2.4% year-over-year).
- 2013: Revenue of $313K, expenses of $315K, and assets of $12K (revenue +0.7% year-over-year).
- 2012: Revenue of $311K, expenses of $335K, and assets of $14K (revenue -20.4% year-over-year).
- 2011: Revenue of $390K, expenses of $387K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dare Massachusetts Inc:
Data Sources and Methodology
This transparency report for Dare 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.