India Society Of Worcester Mass
India Society Of Worcester Mass: Strong Assets, Fluctuating Revenue, and Consistent Program Spending
EIN: 222533832 · Shrewsbury, MA · NTEE: A23 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $580K |
| Total Expenses | $307K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.2M |
| Transparency Score | 85/100 |
Is India Society Of Worcester Mass Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
India Society Of Worcester Mass directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About India Society Of Worcester Mass
India Society Of Worcester Mass (EIN: 222533832) is a nonprofit organization based in Shrewsbury, MA, classified under NTEE code A23. The organization reported total revenue of $580K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of India Society Of Worcester Mass's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
India Society Of Worcester Mass is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $307K |
| Surplus / Deficit | +$98K |
| Total Assets | $3.5M |
| Total Liabilities | $325K |
| Net Assets | $3.2M |
| Operating Margin | 24.2% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 137.7 months |
Financial Health Grade: A
In 2023, India Society Of Worcester Mass reported a surplus of $98K with revenue exceeding expenses, holds 137.7 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), India Society Of Worcester Mass's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.0% | +152.5% | +1.4% |
| 2022 | -2.2% | +147.5% | +0.0% |
| 2021 | -50.0% | +88.0% | +23.5% |
| 2020 | -48.2% | -66.9% | +26.1% |
| 2019 | +675.5% | +0.7% | +82.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 India Society Of Worcester Mass with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, India Society Of Worcester Mass allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $98K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization.
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 India Society Of Worcester Mass's IRS 990 filings:
- Significant fluctuations in revenue, from $1,382,65 in 2018 to $1,072,206 in 2019, then down to $271,910 in 2022, could indicate reliance on sporadic large donations or events.
- The provided data does not offer a granular breakdown of expenses into program, administrative, and fundraising categories, necessitating estimation for the spending breakdown.
Strengths
The following positive indicators were identified for India Society Of Worcester Mass:
- Consistent growth in assets from $1,163,417 in 2017 to $3,522,834 in 2023 demonstrates strong financial management and stability.
- The organization consistently reports $0 in executive compensation, indicating a highly volunteer-driven model and efficient use of funds.
- Low liabilities relative to assets, with liabilities decreasing from $500,000 in 2021 to $325,000 in 2023, suggests good financial health.
- The organization has maintained a positive net income in most years, contributing to asset growth.
Frequently Asked Questions about India Society Of Worcester Mass
Is India Society Of Worcester Mass a legitimate charity?
Based on AI analysis of IRS 990 filings, India Society Of Worcester Mass (EIN: 222533832) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does India Society Of Worcester Mass spend its money?
India Society Of Worcester Mass directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to India Society Of Worcester Mass tax-deductible?
India Society Of Worcester Mass is registered as a tax-exempt nonprofit (EIN: 222533832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the India Society Of Worcester Mass CEO make?
India Society Of Worcester Mass's highest-compensated officer earns $0 annually. The organization reported $580K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of India Society Of Worcester Mass's spending goes to programs?
India Society Of Worcester Mass directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does India Society Of Worcester Mass compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), India Society Of Worcester Mass is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is India Society Of Worcester Mass located?
India Society Of Worcester Mass is headquartered in Shrewsbury, Massachusetts and files with the IRS under EIN 222533832. It is classified under NTEE code A23.
How many years of IRS 990 filings does India Society Of Worcester Mass have?
India Society Of Worcester Mass 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 $580K in total revenue.
What does India Society Of Worcester Mass do?
India Society Of Worcester Mass is a nonprofit organization in the Arts, Culture & Humanities sector, located in Shrewsbury, Massachusetts. It is classified under NTEE code A23.
How much revenue does India Society Of Worcester Mass have?
India Society Of Worcester Mass reported total revenue of $580,368. Based on 14 IRS 990 filings on record.
What are India Society Of Worcester Mass's total assets?
India Society Of Worcester Mass holds total assets of $3,365,968 as reported in IRS 990 filings.
Where is India Society Of Worcester Mass located?
India Society Of Worcester Mass is based in Shrewsbury, Massachusetts.
What is India Society Of Worcester Mass's EIN?
India Society Of Worcester Mass's Employer Identification Number (EIN) is 222533832. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is India Society Of Worcester Mass?
India Society Of Worcester Mass is classified under NTEE code A23 (Arts, Culture & Humanities).
Is India Society Of Worcester Mass a registered 501(c)(3)?
Yes, India Society Of Worcester Mass is recognized as a tax-exempt organization by the IRS. EIN: 222533832.
Does India Society Of Worcester Mass file IRS Form 990?
Yes, India Society Of Worcester Mass has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was India Society Of Worcester Mass's revenue in 2023?
In the 202312 filing period, India Society Of Worcester Mass reported total revenue of $405,113, total expenses of $307,016, and net assets of $3,522,834.
Is India Society Of Worcester Mass's revenue growing or declining?
India Society Of Worcester Mass's revenue is growing. Revenue went from $271,910 (202212) to $405,113 (202312), a +49.0% change. Based on 14 filings on record.
What is India Society Of Worcester Mass's most recent 990 filing?
The most recent IRS Form 990 filing for India Society Of Worcester Mass covers tax period 202312. It shows revenue of $405,113, expenses of $307,016, total assets of $3,522,834, and liabilities of $325,000.
How much does India Society Of Worcester Mass spend on programs vs administration?
Based on IRS 990 analysis, India Society Of Worcester Mass allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is India Society Of Worcester Mass a trustworthy charity?
Based on AI analysis of IRS 990 data, India Society Of Worcester Mass appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for India Society Of Worcester Mass?
The following concerns were identified: Significant fluctuations in revenue, from $1,382,65 in 2018 to $1,072,206 in 2019, then down to $271,910 in 2022, could indicate reliance on sporadic large donations or events.. The provided data does not offer a granular breakdown of expenses into program, administrative, and fundraising categories, necessitating estimation for the spending breakdown.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are India Society Of Worcester Mass's strengths?
Positive indicators for India Society Of Worcester Mass include: Consistent growth in assets from $1,163,417 in 2017 to $3,522,834 in 2023 demonstrates strong financial management and stability.. The organization consistently reports $0 in executive compensation, indicating a highly volunteer-driven model and efficient use of funds.. Low liabilities relative to assets, with liabilities decreasing from $500,000 in 2021 to $325,000 in 2023, suggests good financial health.. The organization has maintained a positive net income in most years, contributing to asset growth.. These findings are derived from AI analysis of the organization's financial filings.
How does India Society Of Worcester Mass compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations and asset growth with highly variable revenue and no reported executive compensation?
The consistent asset growth despite fluctuating revenue and zero executive compensation suggests a strong reliance on volunteer efforts, efficient operational management, and potentially significant non-cash contributions or investment income not detailed in the provided revenue figures.
What is the primary driver behind the substantial increase in assets from $1,223,259 in 2018 to $2,231,779 in 2019, and then to $2,813,180 in 2020?
The significant asset growth, particularly between 2018-2020, appears to be driven by a large revenue spike in 2019 ($1,072,206) and continued positive net income, indicating effective reinvestment of funds and potentially successful fundraising campaigns or capital contributions during those years.
Filing History
IRS 990 filing history for India Society Of Worcester Mass showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), India Society Of Worcester Mass's revenue has grown by 577.3%, moving from $60K to $405K. Total assets increased by 265.3% over the same period, from $964K to $3.5M. Total functional expenses rose by 762.1%, from $36K to $307K. In its most recent filing year (2023), India Society Of Worcester Mass reported a surplus of $98K, with revenue exceeding expenses. The organization holds $325K in liabilities against $3.5M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $405K | $307K | $3.5M | $325K | — | — |
| 2022 | $272K | $122K | $3.5M | $375K | — | View 990 |
| 2021 | $278K | $49K | $3.5M | $500K | — | View 990 |
| 2020 | $556K | $26K | $2.8M | $67K | — | View 990 |
| 2019 | $1.1M | $79K | $2.2M | $15K | — | View 990 |
| 2018 | $138K | $78K | $1.2M | $0 | — | View 990 |
| 2017 | $96K | $81K | $1.2M | $0 | — | View 990 |
| 2016 | $113K | $103K | $1.1M | $0 | — | View 990 |
| 2015 | $113K | $88K | $1.1M | $0 | — | View 990 |
| 2014 | $104K | $54K | $1.1M | $0 | — | View 990 |
| 2013 | $123K | $52K | $1.1M | $10K | — | View 990 |
| 2012 | $61K | $47K | $992K | $0 | — | View 990 |
| 2011 | $55K | $41K | $979K | $0 | — | View 990 |
| 2010 | $60K | $36K | $964K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $405K, expenses of $307K, and assets of $3.5M (revenue +49.0% year-over-year).
- 2022: Revenue of $272K, expenses of $122K, and assets of $3.5M (revenue -2.2% year-over-year).
- 2021: Revenue of $278K, expenses of $49K, and assets of $3.5M (revenue -50.0% year-over-year).
- 2020: Revenue of $556K, expenses of $26K, and assets of $2.8M (revenue -48.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $79K, and assets of $2.2M (revenue +675.5% year-over-year).
- 2018: Revenue of $138K, expenses of $78K, and assets of $1.2M (revenue +43.7% year-over-year).
- 2017: Revenue of $96K, expenses of $81K, and assets of $1.2M (revenue -15.0% year-over-year).
- 2016: Revenue of $113K, expenses of $103K, and assets of $1.1M (revenue +0.4% year-over-year).
- 2015: Revenue of $113K, expenses of $88K, and assets of $1.1M (revenue +8.6% year-over-year).
- 2014: Revenue of $104K, expenses of $54K, and assets of $1.1M (revenue -15.8% year-over-year).
- 2013: Revenue of $123K, expenses of $52K, and assets of $1.1M (revenue +101.9% year-over-year).
- 2012: Revenue of $61K, expenses of $47K, and assets of $992K (revenue +10.7% year-over-year).
- 2011: Revenue of $55K, expenses of $41K, and assets of $979K (revenue -7.9% year-over-year).
- 2010: Revenue of $60K, expenses of $36K, and assets of $964K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for India Society Of Worcester Mass:
Data Sources and Methodology
This transparency report for India Society Of Worcester Mass 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.