Masiphumelele Corporation

Masiphumelele Corporation consistently operates with a surplus and zero executive compensation.

EIN: 20511758 · Charlestown, MA · NTEE: T23 · Updated: 2026-03-28

$345KRevenue

$210KAssets

92/100Mission Score (Excellent)

T23

About Masiphumelele Corporation

Masiphumelele Corporation (EIN: 20511758) is a nonprofit organization based in Charlestown, MA, classified under NTEE code T23. The organization reported total revenue of $345K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masiphumelele Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Masiphumelele Corporation demonstrates consistent financial health with a positive net income in recent years, indicating responsible management of its resources. For example, in 2023, revenue was $304,475 against expenses of $257,132, resulting in a surplus. The organization's assets have also shown steady growth, increasing from $50,934 in 2017 to $196,287 in 2023, suggesting a healthy accumulation of reserves. The consistent reporting of zero liabilities across all filings is a strong indicator of financial stability and low risk.

Spending efficiency appears strong, particularly given the consistent 0% officer compensation reported across all filings, which suggests that resources are being directed towards programmatic activities rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall positive financial trends and lack of liabilities point to efficient use of funds. The organization's transparency is commendable through its consistent filing history and clear financial reporting, including the absence of officer compensation.

Overall, Masiphumelele Corporation appears to be a well-managed and financially sound nonprofit. Its ability to consistently generate surpluses and grow its asset base, coupled with no reported liabilities and zero executive compensation, paints a picture of a responsible and efficient organization. Further detailed analysis of program spending would provide even greater insight into its impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Masiphumelele Corporation with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Masiphumelele Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with revenues exceeding $300,000 annually.

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 Masiphumelele Corporation's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data
Significant deficit in 2016 ($165,251 revenue vs. $623,879 expenses) warrants further investigation

Strengths

The following positive indicators were identified for Masiphumelele Corporation:

Consistent positive net income in recent years (e.g., $304,475 revenue vs. $257,132 expenses in 2023)
Zero reported liabilities across all filing periods, indicating strong financial stability
Steady growth in assets from $50,934 in 2017 to $196,287 in 2023
0% officer compensation reported, suggesting high efficiency in directing funds to mission
Consistent filing history (8 filings) demonstrating transparency

Frequently Asked Questions about Masiphumelele Corporation

How does Masiphumelele Corporation manage to operate without any officer compensation?

The filings consistently show 0% officer compensation, suggesting that leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, which is a significant strength for resource allocation.

What are the primary programs or activities funded by Masiphumelele Corporation?

While the NTEE code T23 (International Development, Relief Services) provides a general category, the provided data does not detail specific programs. Further investigation into their public statements or full 990 forms would be needed.

How has Masiphumelele Corporation managed its significant expense in 2016 ($623,879) compared to its revenue ($165,251) that year?

In 2016, the organization experienced a substantial deficit, with expenses far exceeding revenue. This could indicate a major one-time project, an accounting adjustment, or a period of significant investment, which was subsequently recovered in following years as assets grew.

Filing History

IRS 990 filing history for Masiphumelele Corporation showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2016–2023), Masiphumelele Corporation's revenue has grown by 84.3%, moving from $165K to $304K. Total assets increased by 150.3% over the same period, from $78K to $196K. Total functional expenses fell by 58.8%, from $624K to $257K. In its most recent filing year (2023), Masiphumelele Corporation reported a surplus of $47K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$304K	$257K	$196K	$0	—	—
2022	$350K	$297K	$149K	$0	—	View 990
2021	$267K	$248K	$96K	$0	—	View 990
2020	$289K	$290K	$77K	$0	—	View 990
2019	$355K	$351K	$78K	$0	—	View 990
2018	$137K	$113K	$74K	$0	—	View 990
2017	$143K	$170K	$51K	$0	—	View 990
2016	$165K	$624K	$78K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $304K, expenses of $257K, and assets of $196K (revenue -13.1% year-over-year).
2022: Revenue of $350K, expenses of $297K, and assets of $149K (revenue +31.3% year-over-year).
2021: Revenue of $267K, expenses of $248K, and assets of $96K (revenue -7.7% year-over-year).
2020: Revenue of $289K, expenses of $290K, and assets of $77K (revenue -18.5% year-over-year).
2019: Revenue of $355K, expenses of $351K, and assets of $78K (revenue +159.9% year-over-year).
2018: Revenue of $137K, expenses of $113K, and assets of $74K (revenue -4.2% year-over-year).
2017: Revenue of $143K, expenses of $170K, and assets of $51K (revenue -13.7% year-over-year).
2016: Revenue of $165K, expenses of $624K, and assets of $78K.

Data Sources and Methodology

This transparency report for Masiphumelele 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.