Ipswich Local News Inc
EIN: 843780597 · Ipswich, MA · NTEE: A33
| Metric | Value |
|---|---|
| Total Revenue | $520K |
| Total Expenses | $473K |
| Net Assets | $252K |
Is Ipswich Local News Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ipswich Local News Inc
Ipswich Local News Inc (EIN: 843780597) is a nonprofit organization based in Ipswich, MA, classified under NTEE code A33. The organization reported total revenue of $520K and total assets of $229K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ipswich Local News Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ipswich Local News Inc is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 270.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $480K |
| Total Expenses | $473K |
| Surplus / Deficit | +$7K |
| Total Assets | $324K |
| Total Liabilities | $73K |
| Net Assets | $252K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Ipswich Local News Inc reported a surplus of $7K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Ipswich Local News Inc's revenue has grown at a compound annual growth rate (CAGR) of 270.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | +30.8% | +26.0% |
| 2022 | -5.3% | +20.6% | +41.2% |
| 2021 | +67.9% | +51.2% | +221.0% |
| 2020 | +9793.6% | +3818.1% | +656.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ipswich Local News Inc 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 Ipswich Local News Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.4%.
Frequently Asked Questions about Ipswich Local News Inc
Is Ipswich Local News Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ipswich Local News Inc (EIN: 843780597) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ipswich Local News Inc spend its money?
Detailed spending breakdown data is not yet available for Ipswich Local News Inc. Check back for updated IRS 990 analysis.
Are donations to Ipswich Local News Inc tax-deductible?
Ipswich Local News Inc is registered as a tax-exempt nonprofit (EIN: 843780597). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ipswich Local News Inc located?
Ipswich Local News Inc is headquartered in Ipswich, Massachusetts and files with the IRS under EIN 843780597. It is classified under NTEE code A33.
How many years of IRS 990 filings does Ipswich Local News Inc have?
Ipswich Local News Inc has 5 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 $520K in total revenue.
Filing History
IRS 990 filing history for Ipswich Local News Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Ipswich Local News Inc's revenue has grown by 18665.2%, moving from $3K to $480K. Total assets increased by 4224% over the same period, from $8K to $324K. Total functional expenses rose by 9248.9%, from $5K to $473K. In its most recent filing year (2023), Ipswich Local News Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $73K in liabilities against $324K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $252K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $480K | $473K | $324K | $73K | — | View 990 |
| 2022 | $402K | $361K | $257K | $13K | — | View 990 |
| 2021 | $425K | $300K | $182K | $2K | — | — |
| 2020 | $253K | $198K | $57K | $4K | — | View 990 |
| 2019 | $3K | $5K | $8K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $480K, expenses of $473K, and assets of $324K (revenue +19.3% year-over-year).
- 2022: Revenue of $402K, expenses of $361K, and assets of $257K (revenue -5.3% year-over-year).
- 2021: Revenue of $425K, expenses of $300K, and assets of $182K (revenue +67.9% year-over-year).
- 2020: Revenue of $253K, expenses of $198K, and assets of $57K (revenue +9793.6% year-over-year).
- 2019: Revenue of $3K, expenses of $5K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ipswich Local News Inc:
Data Sources and Methodology
This transparency report for Ipswich Local News 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.