Matthew Siravo Memorial Foundation Inc
Matthew Siravo Memorial Foundation reports $0 revenue and assets, indicating potential cessation of operations.
EIN: 200096759 · Warwick, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $260K |
| Program Spending | 75% |
| Net Assets | $549K |
| Transparency Score | 20/100 |
Is Matthew Siravo Memorial Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Matthew Siravo Memorial Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Matthew Siravo Memorial Foundation Inc
Matthew Siravo Memorial Foundation Inc (EIN: 200096759) is a nonprofit organization based in Warwick, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matthew Siravo Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matthew Siravo Memorial Foundation Inc is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $260K |
| Surplus / Deficit | $-37,359 |
| Total Assets | $549K |
| Net Assets | $549K |
| Operating Margin | -16.7% |
| Months of Reserves | 25.3 months |
Financial Health Grade: B
In 2016, Matthew Siravo Memorial Foundation Inc reported a deficit of $37K with expenses exceeding revenue, holds 25.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2016), Matthew Siravo Memorial Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -23.4% | -20.5% | -6.4% |
| 2015 | -20.3% | -11.7% | -7.7% |
| 2014 | -1.9% | +3.4% | -1.5% |
| 2013 | +28.1% | +26.6% | -0.4% |
| 2012 | +9.1% | +45.8% | +2.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Matthew Siravo Memorial Foundation Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Matthew Siravo Memorial Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating a volunteer-led structure with no paid executives, which is commendable for minimizing overhead.
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 Matthew Siravo Memorial Foundation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential insolvency or inactivity.
- Consistent trend of expenses exceeding revenue in multiple historical periods (e.g., 2016, 2015, 2014).
- Significant decline in assets over time, from $647,487 in 2012 to $0 in the latest filing.
Strengths
The following positive indicators were identified for Matthew Siravo Memorial Foundation Inc:
- No reported officer compensation across all filings, indicating a volunteer-driven leadership.
- Historically managed significant revenues and assets before the recent decline.
Frequently Asked Questions about Matthew Siravo Memorial Foundation Inc
Is Matthew Siravo Memorial Foundation Inc a legitimate charity?
Matthew Siravo Memorial Foundation Inc (EIN: 200096759) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 20/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Matthew Siravo Memorial Foundation Inc spend its money?
Matthew Siravo Memorial Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Matthew Siravo Memorial Foundation Inc tax-deductible?
Matthew Siravo Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200096759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Matthew Siravo Memorial Foundation Inc's spending goes to programs?
Matthew Siravo Memorial Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Matthew Siravo Memorial Foundation Inc located?
Matthew Siravo Memorial Foundation Inc is headquartered in Warwick, Rhode Island and files with the IRS under EIN 200096759.
How many years of IRS 990 filings does Matthew Siravo Memorial Foundation Inc have?
Matthew Siravo Memorial Foundation Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is the Matthew Siravo Memorial Foundation Inc. still active?
Based on the latest IRS 990 filing reporting $0 revenue and $0 assets, it appears the organization may no longer be active or has ceased operations.
What caused the sudden drop to $0 in revenue and assets?
The IRS 990 data alone does not provide the reason for the abrupt decline from hundreds of thousands in revenue and assets to $0. This would require further investigation outside of the provided filings.
How did the organization manage its finances historically?
Historically, the organization often spent more than it earned (e.g., $260,402 expenses vs. $223,043 revenue in 2016), leading to a gradual decrease in assets from $647,487 in 2012 to $548,962 in 2016.
Filing History
IRS 990 filing history for Matthew Siravo Memorial Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Matthew Siravo Memorial Foundation Inc's revenue has declined by 16.3%, moving from $266K to $223K. Total assets decreased by 13.5% over the same period, from $635K to $549K. Total functional expenses rose by 34%, from $194K to $260K. In its most recent filing year (2016), Matthew Siravo Memorial Foundation Inc reported a deficit of $37K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $223K | $260K | $549K | $0 | — | View 990 |
| 2015 | $291K | $327K | $586K | $0 | — | View 990 |
| 2014 | $365K | $371K | $635K | $0 | — | View 990 |
| 2013 | $372K | $359K | $645K | $0 | — | View 990 |
| 2012 | $291K | $283K | $647K | $0 | — | View 990 |
| 2011 | $266K | $194K | $635K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $223K, expenses of $260K, and assets of $549K (revenue -23.4% year-over-year).
- 2015: Revenue of $291K, expenses of $327K, and assets of $586K (revenue -20.3% year-over-year).
- 2014: Revenue of $365K, expenses of $371K, and assets of $635K (revenue -1.9% year-over-year).
- 2013: Revenue of $372K, expenses of $359K, and assets of $645K (revenue +28.1% year-over-year).
- 2012: Revenue of $291K, expenses of $283K, and assets of $647K (revenue +9.1% year-over-year).
- 2011: Revenue of $266K, expenses of $194K, and assets of $635K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matthew Siravo Memorial Foundation Inc:
Data Sources and Methodology
This transparency report for Matthew Siravo Memorial Foundation 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.