Marthas Vineyard Shellfish Group Inc
EIN: 42612898 · Oak Bluffs, MA · NTEE: D330
| Metric | Value |
|---|---|
| Total Revenue | $668K |
| Total Expenses | $482K |
| Net Assets | $943K |
Is Marthas Vineyard Shellfish Group Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Marthas Vineyard Shellfish Group Inc
Marthas Vineyard Shellfish Group Inc (EIN: 42612898) is a nonprofit organization based in Oak Bluffs, MA, classified under NTEE code D330. The organization reported total revenue of $668K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marthas Vineyard Shellfish Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marthas Vineyard Shellfish Group Inc is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $485K |
| Total Expenses | $482K |
| Surplus / Deficit | +$3K |
| Total Assets | $982K |
| Total Liabilities | $39K |
| Net Assets | $943K |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 24.4 months |
Financial Health Grade: A
In 2023, Marthas Vineyard Shellfish Group Inc reported a surplus of $3K with revenue exceeding expenses, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Marthas Vineyard Shellfish Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +31.6% | +1.0% |
| 2022 | +12.0% | -7.7% | +4.6% |
| 2021 | -0.3% | -8.5% | +5.8% |
| 2020 | +6.9% | +0.1% | +4.8% |
| 2019 | -16.3% | +7.1% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Marthas Vineyard Shellfish Group 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 Marthas Vineyard Shellfish Group 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Marthas Vineyard Shellfish Group Inc
Is Marthas Vineyard Shellfish Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Marthas Vineyard Shellfish Group Inc (EIN: 42612898) insufficient data. 0 red flags identified, 0 strengths noted.
How does Marthas Vineyard Shellfish Group Inc spend its money?
Detailed spending breakdown data is not yet available for Marthas Vineyard Shellfish Group Inc. Check back for updated IRS 990 analysis.
Are donations to Marthas Vineyard Shellfish Group Inc tax-deductible?
Marthas Vineyard Shellfish Group Inc is registered as a tax-exempt nonprofit (EIN: 42612898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marthas Vineyard Shellfish Group Inc located?
Marthas Vineyard Shellfish Group Inc is headquartered in Oak Bluffs, Massachusetts and files with the IRS under EIN 42612898. It is classified under NTEE code D330.
How many years of IRS 990 filings does Marthas Vineyard Shellfish Group Inc have?
Marthas Vineyard Shellfish Group Inc has 13 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 $668K in total revenue.
Filing History
IRS 990 filing history for Marthas Vineyard Shellfish Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marthas Vineyard Shellfish Group Inc's revenue has grown by 82.1%, moving from $266K to $485K. Total assets increased by 115.9% over the same period, from $455K to $982K. Total functional expenses rose by 69.8%, from $284K to $482K. In its most recent filing year (2023), Marthas Vineyard Shellfish Group Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $39K in liabilities against $982K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $943K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $485K | $482K | $982K | $39K | — | View 990 |
| 2022 | $482K | $366K | $972K | $35K | — | View 990 |
| 2021 | $430K | $397K | $929K | $50K | — | View 990 |
| 2020 | $431K | $434K | $878K | $69K | — | View 990 |
| 2019 | $404K | $433K | $838K | $28K | — | View 990 |
| 2018 | $482K | $405K | $873K | $36K | — | View 990 |
| 2017 | $376K | $381K | $793K | $25K | — | View 990 |
| 2016 | $459K | $373K | $784K | $20K | — | View 990 |
| 2015 | $471K | $344K | $702K | $25K | — | View 990 |
| 2014 | $384K | $327K | $576K | $25K | — | View 990 |
| 2013 | $349K | $329K | $496K | $13K | — | View 990 |
| 2012 | $319K | $318K | $464K | $24K | — | View 990 |
| 2011 | $266K | $284K | $455K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $485K, expenses of $482K, and assets of $982K (revenue +0.7% year-over-year).
- 2022: Revenue of $482K, expenses of $366K, and assets of $972K (revenue +12.0% year-over-year).
- 2021: Revenue of $430K, expenses of $397K, and assets of $929K (revenue -0.3% year-over-year).
- 2020: Revenue of $431K, expenses of $434K, and assets of $878K (revenue +6.9% year-over-year).
- 2019: Revenue of $404K, expenses of $433K, and assets of $838K (revenue -16.3% year-over-year).
- 2018: Revenue of $482K, expenses of $405K, and assets of $873K (revenue +28.3% year-over-year).
- 2017: Revenue of $376K, expenses of $381K, and assets of $793K (revenue -18.2% year-over-year).
- 2016: Revenue of $459K, expenses of $373K, and assets of $784K (revenue -2.4% year-over-year).
- 2015: Revenue of $471K, expenses of $344K, and assets of $702K (revenue +22.6% year-over-year).
- 2014: Revenue of $384K, expenses of $327K, and assets of $576K (revenue +10.0% year-over-year).
- 2013: Revenue of $349K, expenses of $329K, and assets of $496K (revenue +9.4% year-over-year).
- 2012: Revenue of $319K, expenses of $318K, and assets of $464K (revenue +19.8% year-over-year).
- 2011: Revenue of $266K, expenses of $284K, and assets of $455K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marthas Vineyard Shellfish Group Inc:
Data Sources and Methodology
This transparency report for Marthas Vineyard Shellfish Group 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.