Massachusetts Society Of Optometris Ts
EIN: 42281590 · North Andover, MA
Is Massachusetts Society Of Optometris Ts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Massachusetts Society Of Optometris Ts
Massachusetts Society Of Optometris Ts (EIN: 42281590) is a nonprofit organization based in North Andover, MA. The organization reported total revenue of $384K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Society Of Optometris Ts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Massachusetts Society Of Optometris Ts 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 Massachusetts Society Of Optometris Ts 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.
Frequently Asked Questions about Massachusetts Society Of Optometris Ts
Is Massachusetts Society Of Optometris Ts a legitimate charity?
Based on AI analysis of IRS 990 filings, Massachusetts Society Of Optometris Ts (EIN: 42281590) insufficient data. 0 red flags identified, 0 strengths noted.
How does Massachusetts Society Of Optometris Ts spend its money?
Detailed spending breakdown data is not yet available for Massachusetts Society Of Optometris Ts. Check back for updated IRS 990 analysis.
Are donations to Massachusetts Society Of Optometris Ts tax-deductible?
Massachusetts Society Of Optometris Ts is registered as a tax-exempt nonprofit (EIN: 42281590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Massachusetts Society Of Optometris Ts showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Massachusetts Society Of Optometris Ts's revenue has declined by 15.9%, moving from $770K to $648K. Total assets increased by 143.3% over the same period, from $891K to $2.2M. Total functional expenses fell by 33.5%, from $807K to $536K. In its most recent filing year (2023), Massachusetts Society Of Optometris Ts reported a surplus of $111K, with revenue exceeding expenses. The organization holds $100K in liabilities against $2.2M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $648K | $536K | $2.2M | $100K | — | View 990 |
| 2022 | $621K | $485K | $1.8M | $93K | — | — |
| 2021 | $1.5M | $569K | $1.9M | $241K | — | View 990 |
| 2020 | $676K | $629K | $861K | $138K | — | — |
| 2016 | $837K | $962K | $708K | $294K | — | — |
| 2015 | $826K | $855K | $951K | $296K | — | View 990 |
| 2014 | $861K | $866K | $1.1M | $319K | — | View 990 |
| 2013 | $796K | $795K | $1.0M | $331K | — | View 990 |
| 2012 | $770K | $807K | $891K | $323K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $648K, expenses of $536K, and assets of $2.2M (revenue +4.3% year-over-year).
- 2022: Revenue of $621K, expenses of $485K, and assets of $1.8M (revenue -58.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $569K, and assets of $1.9M (revenue +120.2% year-over-year).
- 2020: Revenue of $676K, expenses of $629K, and assets of $861K (revenue -19.2% year-over-year).
- 2016: Revenue of $837K, expenses of $962K, and assets of $708K (revenue +1.3% year-over-year).
- 2015: Revenue of $826K, expenses of $855K, and assets of $951K (revenue -4.1% year-over-year).
- 2014: Revenue of $861K, expenses of $866K, and assets of $1.1M (revenue +8.1% year-over-year).
- 2013: Revenue of $796K, expenses of $795K, and assets of $1.0M (revenue +3.4% year-over-year).
- 2012: Revenue of $770K, expenses of $807K, and assets of $891K.
Data Sources and Methodology
This transparency report for Massachusetts Society Of Optometris Ts 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.