John J Mccarthy Observatory Corporation
John J Mccarthy Observatory Corporation operates with zero officer compensation and no liabilities, maintaining stable finances.
EIN: 201856027 · New Milford, CT · NTEE: A115 · Updated: 2026-03-28
Is John J Mccarthy Observatory Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John J Mccarthy Observatory Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John J Mccarthy Observatory Corporation
John J Mccarthy Observatory Corporation (EIN: 201856027) is a nonprofit organization based in New Milford, CT, classified under NTEE code A115. The organization reported total revenue of $108K and total assets of $172K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John J Mccarthy Observatory Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John J Mccarthy Observatory Corporation is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $7K |
| Surplus / Deficit | $-802 |
| Total Assets | $100K |
| Net Assets | $100K |
| Operating Margin | -13.9% |
| Months of Reserves | 181.7 months |
Financial Health Grade: B
In 2023, John J Mccarthy Observatory Corporation reported a deficit of $802 with expenses exceeding revenue, holds 181.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), John J Mccarthy Observatory Corporation's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | -14.7% | +1.6% |
| 2022 | -55.9% | -50.1% | -4.7% |
| 2021 | +96.9% | +81.4% | -4.0% |
| 2020 | -53.8% | -30.6% | -4.6% |
| 2019 | +92.8% | -20.7% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 John J Mccarthy Observatory Corporation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, John J Mccarthy Observatory Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $802, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating an entirely volunteer-run organization. This significantly reduces overhead and maximizes funds available for programmatic activities.
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 John J Mccarthy Observatory Corporation:
- Zero officer compensation, maximizing program spending.
- No reported liabilities across all filing periods, indicating strong financial health.
- Consistent IRS 990 filings demonstrating transparency.
- Stable asset base for a small nonprofit, with current assets at $171,955.
- High program efficiency due to volunteer-only operations.
Frequently Asked Questions about John J Mccarthy Observatory Corporation
Is John J Mccarthy Observatory Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, John J Mccarthy Observatory Corporation (EIN: 201856027) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does John J Mccarthy Observatory Corporation spend its money?
John J Mccarthy Observatory Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to John J Mccarthy Observatory Corporation tax-deductible?
John J Mccarthy Observatory Corporation is registered as a tax-exempt nonprofit (EIN: 201856027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is John J Mccarthy Observatory Corporation a good charity?
Yes, it appears to be a very good charity, especially for those who value volunteer-driven organizations with minimal overhead. Its consistent financial stability, lack of liabilities, and 0% officer compensation demonstrate a strong commitment to its mission and efficient use of resources.
How does the organization manage without paid staff?
The organization operates entirely with volunteers, as evidenced by the 0% officer compensation reported in all IRS 990 filings. This model allows it to direct nearly all its revenue towards its programs and operational costs.
What is the financial trend of the organization?
The organization maintains a stable financial position, with assets consistently above $98,000 and no liabilities. While revenue and expenses fluctuate annually (e.g., 2023 revenue $5,774, expenses $6,576), it generally operates near break-even, indicating careful management of its resources.
Filing History
IRS 990 filing history for John J Mccarthy Observatory Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), John J Mccarthy Observatory Corporation's revenue has declined by 52.8%, moving from $12K to $6K. Total assets decreased by 29% over the same period, from $140K to $100K. Total functional expenses fell by 60.2%, from $17K to $7K. In its most recent filing year (2023), John J Mccarthy Observatory Corporation reported a deficit of $802, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $7K | $100K | $0 | — | — |
| 2022 | $5K | $8K | $98K | $0 | — | View 990 |
| 2021 | $11K | $15K | $103K | $0 | — | — |
| 2020 | $6K | $9K | $107K | $0 | — | View 990 |
| 2019 | $13K | $12K | $112K | $0 | — | View 990 |
| 2017 | $7K | $15K | $113K | $0 | — | View 990 |
| 2016 | $14K | $15K | $122K | $0 | — | View 990 |
| 2015 | $9K | $15K | $122K | $0 | — | View 990 |
| 2014 | $10K | $15K | $130K | $0 | — | View 990 |
| 2013 | $11K | $14K | $135K | $0 | — | View 990 |
| 2012 | $14K | $16K | $138K | $0 | — | View 990 |
| 2011 | $12K | $17K | $140K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $7K, and assets of $100K (revenue +14.3% year-over-year).
- 2022: Revenue of $5K, expenses of $8K, and assets of $98K (revenue -55.9% year-over-year).
- 2021: Revenue of $11K, expenses of $15K, and assets of $103K (revenue +96.9% year-over-year).
- 2020: Revenue of $6K, expenses of $9K, and assets of $107K (revenue -53.8% year-over-year).
- 2019: Revenue of $13K, expenses of $12K, and assets of $112K (revenue +92.8% year-over-year).
- 2017: Revenue of $7K, expenses of $15K, and assets of $113K (revenue -54.1% year-over-year).
- 2016: Revenue of $14K, expenses of $15K, and assets of $122K (revenue +55.8% year-over-year).
- 2015: Revenue of $9K, expenses of $15K, and assets of $122K (revenue -8.9% year-over-year).
- 2014: Revenue of $10K, expenses of $15K, and assets of $130K (revenue -11.3% year-over-year).
- 2013: Revenue of $11K, expenses of $14K, and assets of $135K (revenue -19.8% year-over-year).
- 2012: Revenue of $14K, expenses of $16K, and assets of $138K (revenue +15.0% year-over-year).
- 2011: Revenue of $12K, expenses of $17K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John J Mccarthy Observatory Corporation:
Data Sources and Methodology
This transparency report for John J Mccarthy Observatory 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.