Mechanical Industry Advancement Fund
EIN: 384138858 · Annapolis, MD · NTEE: J40
| Metric | Value |
|---|---|
| Total Revenue | $500K |
| Total Expenses | $459K |
| Net Assets | $330K |
Is Mechanical Industry Advancement Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mechanical Industry Advancement Fund
Mechanical Industry Advancement Fund (EIN: 384138858) is a nonprofit organization based in Annapolis, MD, classified under NTEE code J40. The organization reported total revenue of $500K and total assets of $640K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mechanical Industry Advancement Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mechanical Industry Advancement Fund is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $450K |
| Total Expenses | $459K |
| Surplus / Deficit | $-8,940 |
| Total Assets | $330K |
| Net Assets | $330K |
| Operating Margin | -2.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Mechanical Industry Advancement Fund reported a deficit of $9K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Mechanical Industry Advancement Fund's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +125.0% | +188.5% | -2.6% |
| 2021 | -100.0% | +4517.0% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mechanical Industry Advancement Fund 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 Mechanical Industry Advancement Fund 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 deficit of $9K, with expenses exceeding revenue.
Frequently Asked Questions about Mechanical Industry Advancement Fund
Is Mechanical Industry Advancement Fund a legitimate charity?
Mechanical Industry Advancement Fund (EIN: 384138858) is a registered tax-exempt nonprofit based in Maryland. It has 4 years of IRS 990 filings on record. Total revenue: $500K. No red flags identified. Financial health grade: B.
How does Mechanical Industry Advancement Fund spend its money?
Mechanical Industry Advancement Fund reported $500K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mechanical Industry Advancement Fund tax-deductible?
Mechanical Industry Advancement Fund is registered as a tax-exempt nonprofit (EIN: 384138858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mechanical Industry Advancement Fund located?
Mechanical Industry Advancement Fund is headquartered in Annapolis, Maryland and files with the IRS under EIN 384138858. It is classified under NTEE code J40.
How many years of IRS 990 filings does Mechanical Industry Advancement Fund have?
Mechanical Industry Advancement Fund has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $500K in total revenue.
Filing History
IRS 990 filing history for Mechanical Industry Advancement Fund showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Mechanical Industry Advancement Fund's revenue has grown by 50%, moving from $300K to $450K. Total assets increased by 9.9% over the same period, from $300K to $330K. Total functional expenses rose by 976368.1%, from $47 to $459K. In its most recent filing year (2023), Mechanical Industry Advancement Fund reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $450K | $459K | $330K | $0 | — | — |
| 2022 | $200K | $159K | $339K | $0 | — | — |
| 2021 | $0 | $2K | $298K | $0 | — | View 990 |
| 2020 | $300K | $47 | $300K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $450K, expenses of $459K, and assets of $330K (revenue +125.0% year-over-year).
- 2022: Revenue of $200K, expenses of $159K, and assets of $339K.
- 2021: Revenue of $0, expenses of $2K, and assets of $298K (revenue -100.0% year-over-year).
- 2020: Revenue of $300K, expenses of $47, and assets of $300K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mechanical Industry Advancement Fund:
Data Sources and Methodology
This transparency report for Mechanical Industry Advancement Fund 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.