Literacy Volunteers Of Massachusetts Inc
EIN: 237330112 · Boston, MA · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $595K |
| Total Expenses | $548K |
| Net Assets | $9K |
Is Literacy Volunteers Of Massachusetts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Volunteers Of Massachusetts Inc
Literacy Volunteers Of Massachusetts Inc (EIN: 237330112) is a nonprofit organization based in Boston, MA, classified under NTEE code P20. The organization reported total revenue of $595K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Volunteers Of Massachusetts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Volunteers Of Massachusetts Inc is a small nonprofit that has been operating for 6 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $544K |
| Total Expenses | $548K |
| Surplus / Deficit | $-4,132 |
| Total Assets | $42K |
| Total Liabilities | $33K |
| Net Assets | $9K |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 77.4% |
| Months of Reserves | 0.9 months |
Financial Health Grade: D
In 2023, Literacy Volunteers Of Massachusetts Inc reported a deficit of $4K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 77.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Literacy Volunteers Of Massachusetts Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +4.9% | -18.8% |
| 2022 | -4.0% | -2.4% | -19.4% |
| 2021 | +9.9% | +13.4% | +49.0% |
| 2019 | +43.2% | +32.9% | +274.0% |
| 2018 | -4.6% | -0.1% | -83.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Literacy Volunteers Of Massachusetts 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 Literacy Volunteers Of Massachusetts 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.4%.
Frequently Asked Questions about Literacy Volunteers Of Massachusetts Inc
Is Literacy Volunteers Of Massachusetts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Volunteers Of Massachusetts Inc (EIN: 237330112) insufficient data. 0 red flags identified, 0 strengths noted.
How does Literacy Volunteers Of Massachusetts Inc spend its money?
Detailed spending breakdown data is not yet available for Literacy Volunteers Of Massachusetts Inc. Check back for updated IRS 990 analysis.
Are donations to Literacy Volunteers Of Massachusetts Inc tax-deductible?
Literacy Volunteers Of Massachusetts Inc is registered as a tax-exempt nonprofit (EIN: 237330112). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Volunteers Of Massachusetts Inc located?
Literacy Volunteers Of Massachusetts Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 237330112. It is classified under NTEE code P20.
How many years of IRS 990 filings does Literacy Volunteers Of Massachusetts Inc have?
Literacy Volunteers Of Massachusetts Inc has 12 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 $595K in total revenue.
Filing History
IRS 990 filing history for Literacy Volunteers Of Massachusetts Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Literacy Volunteers Of Massachusetts Inc's revenue has grown by 61.3%, moving from $337K to $544K. Total assets increased by 150.7% over the same period, from $17K to $42K. Total functional expenses rose by 63.7%, from $335K to $548K. In its most recent filing year (2023), Literacy Volunteers Of Massachusetts Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $33K in liabilities against $42K in assets (debt-to-asset ratio: 77.4%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $544K | $548K | $42K | $33K | — | View 990 |
| 2022 | $523K | $522K | $52K | $38K | — | View 990 |
| 2021 | $545K | $535K | $64K | $52K | — | View 990 |
| 2019 | $496K | $472K | $43K | $42K | — | View 990 |
| 2018 | $347K | $355K | $12K | $35K | — | View 990 |
| 2017 | $363K | $355K | $71K | $86K | — | View 990 |
| 2016 | $383K | $387K | $36K | $59K | — | — |
| 2015 | $352K | $358K | $20K | $39K | — | View 990 |
| 2014 | $390K | $340K | $35K | $48K | — | View 990 |
| 2013 | $367K | $355K | $31K | $102K | — | View 990 |
| 2012 | $371K | $369K | $27K | $110K | — | View 990 |
| 2011 | $337K | $335K | $17K | $102K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $544K, expenses of $548K, and assets of $42K (revenue +3.9% year-over-year).
- 2022: Revenue of $523K, expenses of $522K, and assets of $52K (revenue -4.0% year-over-year).
- 2021: Revenue of $545K, expenses of $535K, and assets of $64K (revenue +9.9% year-over-year).
- 2019: Revenue of $496K, expenses of $472K, and assets of $43K (revenue +43.2% year-over-year).
- 2018: Revenue of $347K, expenses of $355K, and assets of $12K (revenue -4.6% year-over-year).
- 2017: Revenue of $363K, expenses of $355K, and assets of $71K (revenue -5.0% year-over-year).
- 2016: Revenue of $383K, expenses of $387K, and assets of $36K (revenue +8.6% year-over-year).
- 2015: Revenue of $352K, expenses of $358K, and assets of $20K (revenue -9.6% year-over-year).
- 2014: Revenue of $390K, expenses of $340K, and assets of $35K (revenue +6.2% year-over-year).
- 2013: Revenue of $367K, expenses of $355K, and assets of $31K (revenue -1.1% year-over-year).
- 2012: Revenue of $371K, expenses of $369K, and assets of $27K (revenue +10.1% year-over-year).
- 2011: Revenue of $337K, expenses of $335K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Volunteers Of Massachusetts Inc:
Data Sources and Methodology
This transparency report for Literacy Volunteers Of 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.