Manomet Inc
Manomet Inc: Strong Program Spending, but Transparency Lacks Detail
EIN: 223051362 · Manomet, MA · NTEE: C050 · Updated: 2026-04-04
Is Manomet Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Manomet Inc directs 86% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Manomet Inc
Manomet Inc (EIN: 223051362) is a nonprofit organization based in Manomet, MA, classified under NTEE code C050. The organization reported total revenue of $13.0M and total assets of $34.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manomet Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Manomet Inc 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: 86%
- fundraising: 4%
According to IRS 990 filings, Manomet Inc allocates its expenses as follows: admin: 10%, programs: 86%, fundraising: 4%. With 86% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with the highest paid individual receiving $270,000 in 2022, which is 5.5% of total revenue.
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 Manomet Inc's IRS 990 filings:
- Lack of detailed program expense breakdown in public filings makes it difficult to assess specific impact areas.
- Limited information on specific funding sources and grant allocations.
Strengths
The following positive indicators were identified for Manomet Inc:
- Consistently high percentage of spending directed towards programs (averaging 86% over the last three years).
- Healthy asset base ($34,051,439 in 2023) provides financial stability.
- Consistent revenue generation over several years, indicating stable donor support.
Frequently Asked Questions about Manomet Inc
Is Manomet Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Manomet Inc (EIN: 223051362) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Manomet Inc spend its money?
Manomet Inc directs 86% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Manomet Inc tax-deductible?
Manomet Inc is registered as a tax-exempt nonprofit (EIN: 223051362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Manomet Inc do?
Manomet Inc is a nonprofit organization in the Environment sector, located in Manomet, Massachusetts. It is classified under NTEE code C050.
How much revenue does Manomet Inc have?
Manomet Inc reported total revenue of $12,975,556. Based on 13 IRS 990 filings on record.
What are Manomet Inc's total assets?
Manomet Inc holds total assets of $34,051,439 as reported in IRS 990 filings.
Where is Manomet Inc located?
Manomet Inc is based in Manomet, Massachusetts.
What is Manomet Inc's EIN?
Manomet Inc's Employer Identification Number (EIN) is 223051362. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Manomet Inc?
Manomet Inc is classified under NTEE code C050 (Environment).
Is Manomet Inc a registered 501(c)(3)?
Yes, Manomet Inc is recognized as a tax-exempt organization by the IRS. EIN: 223051362.
Does Manomet Inc file IRS Form 990?
Yes, Manomet Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Manomet Inc's revenue in 2023?
In the 202309 filing period, Manomet Inc reported total revenue of $5,932,867, total expenses of $6,953,637, and net assets of $27,949,953.
Is Manomet Inc's revenue growing or declining?
Manomet Inc's revenue is growing. Revenue went from $4,894,780 (202209) to $5,932,867 (202309), a +21.2% change. Based on 13 filings on record.
What is Manomet Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Manomet Inc covers tax period 202309. It shows revenue of $5,932,867, expenses of $6,953,637, total assets of $27,949,953, and liabilities of $420,082.
How much does Manomet Inc spend on programs vs administration?
Based on IRS 990 analysis, Manomet Inc allocates approximately 86% of expenses to program services, 10% to administrative costs, and 4% to fundraising. This indicates strong program focus.
Is Manomet Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Manomet Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Manomet Inc?
The following concerns were identified: Lack of detailed program expense breakdown in public filings makes it difficult to assess specific impact areas.. Limited information on specific funding sources and grant allocations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Manomet Inc's strengths?
Positive indicators for Manomet Inc include: Consistently high percentage of spending directed towards programs (averaging 86% over the last three years).. Healthy asset base ($34,051,439 in 2023) provides financial stability.. Consistent revenue generation over several years, indicating stable donor support.. These findings are derived from AI analysis of the organization's financial filings.
How does Manomet Inc compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with the highest paid individual receiving $270,000 in 2022, which is 5.5% of total revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Manomet Inc?
• Financial statements are available, but detailed breakdowns of program expenses are not easily discernible. • Executive compensation figures are present but lack contextual explanations for salary levels. • Specific grant and donor information is not readily available in public filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Manomet Inc ensure its program spending, which is a high percentage of its budget, is effectively translated into measurable conservation outcomes?
While the filings show a strong commitment to program spending, the specific mechanisms for tracking and reporting the effectiveness of these expenditures in achieving conservation goals are not detailed in the provided data.
Given the significant asset base, what is Manomet Inc's strategy for leveraging these assets to further its mission beyond annual operational spending?
The filings indicate a substantial asset base, but the specific investment strategies or endowment utilization plans to amplify long-term mission impact are not explicitly outlined.
Filing History
IRS 990 filing history for Manomet Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manomet Inc's revenue has declined by 5.6%, moving from $6.3M to $5.9M. Total assets increased by 29.3% over the same period, from $21.6M to $27.9M. Total functional expenses rose by 18.7%, from $5.9M to $7.0M. In its most recent filing year (2023), Manomet Inc reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $420K in liabilities against $27.9M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $27.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $7.0M | $27.9M | $420K | — | — |
| 2022 | $4.9M | $6.2M | $26.7M | $450K | — | — |
| 2021 | $4.6M | $4.8M | $32.8M | $476K | — | View 990 |
| 2020 | $4.5M | $4.8M | $29.2M | $473K | — | — |
| 2019 | $3.7M | $5.1M | $28.0M | $712K | — | View 990 |
| 2018 | $4.2M | $4.8M | $27.9M | $539K | — | View 990 |
| 2017 | $4.3M | $5.0M | $27.5M | $916K | — | View 990 |
| 2016 | $4.1M | $4.9M | $25.9M | $721K | — | View 990 |
| 2015 | $3.4M | $4.8M | $24.9M | $615K | — | View 990 |
| 2014 | $4.6M | $4.3M | $27.2M | $630K | — | View 990 |
| 2013 | $5.1M | $4.5M | $25.6M | $671K | — | View 990 |
| 2012 | $4.4M | $4.6M | $23.4M | $675K | — | View 990 |
| 2011 | $6.3M | $5.9M | $21.6M | $892K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $7.0M, and assets of $27.9M (revenue +21.2% year-over-year).
- 2022: Revenue of $4.9M, expenses of $6.2M, and assets of $26.7M (revenue +5.5% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.8M, and assets of $32.8M (revenue +3.4% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.8M, and assets of $29.2M (revenue +20.4% year-over-year).
- 2019: Revenue of $3.7M, expenses of $5.1M, and assets of $28.0M (revenue -10.6% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.8M, and assets of $27.9M (revenue -2.2% year-over-year).
- 2017: Revenue of $4.3M, expenses of $5.0M, and assets of $27.5M (revenue +3.4% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.9M, and assets of $25.9M (revenue +19.5% year-over-year).
- 2015: Revenue of $3.4M, expenses of $4.8M, and assets of $24.9M (revenue -24.7% year-over-year).
- 2014: Revenue of $4.6M, expenses of $4.3M, and assets of $27.2M (revenue -10.0% year-over-year).
- 2013: Revenue of $5.1M, expenses of $4.5M, and assets of $25.6M (revenue +14.5% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.6M, and assets of $23.4M (revenue -29.3% year-over-year).
- 2011: Revenue of $6.3M, expenses of $5.9M, and assets of $21.6M.
Data Sources and Methodology
This transparency report for Manomet 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.