Memphremagog Arts Collaborative Inc
EIN: 743208193 · Newport, VT · NTEE: A30
Is Memphremagog Arts Collaborative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Memphremagog Arts Collaborative Inc
Memphremagog Arts Collaborative Inc (EIN: 743208193) is a nonprofit organization based in Newport, VT, classified under NTEE code A30. The organization reported total revenue of $99K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memphremagog Arts Collaborative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Memphremagog Arts Collaborative 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 Memphremagog Arts Collaborative 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.
Frequently Asked Questions about Memphremagog Arts Collaborative Inc
Is Memphremagog Arts Collaborative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Memphremagog Arts Collaborative Inc (EIN: 743208193) insufficient data. 0 red flags identified, 0 strengths noted.
How does Memphremagog Arts Collaborative Inc spend its money?
Detailed spending breakdown data is not yet available for Memphremagog Arts Collaborative Inc. Check back for updated IRS 990 analysis.
Are donations to Memphremagog Arts Collaborative Inc tax-deductible?
Memphremagog Arts Collaborative Inc is registered as a tax-exempt nonprofit (EIN: 743208193). 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 Memphremagog Arts Collaborative Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Memphremagog Arts Collaborative Inc's revenue has grown by 23.6%, moving from $27K to $34K. Total assets increased by 70% over the same period, from $22K to $38K. Total functional expenses rose by 44.8%, from $23K to $34K. In its most recent filing year (2023), Memphremagog Arts Collaborative Inc reported a deficit of $160, with expenses exceeding revenue. The organization holds $3K in liabilities against $38K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $34K | $38K | $3K | — | View 990 |
| 2022 | $36K | $30K | $37K | $2K | — | View 990 |
| 2021 | $33K | $25K | $31K | $2K | — | — |
| 2020 | $29K | $31K | $21K | $582 | — | View 990 |
| 2019 | $29K | $29K | $24K | $1K | — | View 990 |
| 2018 | $29K | $27K | $24K | $907 | — | View 990 |
| 2017 | $27K | $23K | $22K | $828 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $34K, and assets of $38K (revenue -7.5% year-over-year).
- 2022: Revenue of $36K, expenses of $30K, and assets of $37K (revenue +9.9% year-over-year).
- 2021: Revenue of $33K, expenses of $25K, and assets of $31K (revenue +15.9% year-over-year).
- 2020: Revenue of $29K, expenses of $31K, and assets of $21K (revenue -0.2% year-over-year).
- 2019: Revenue of $29K, expenses of $29K, and assets of $24K (revenue +-0.0% year-over-year).
- 2018: Revenue of $29K, expenses of $27K, and assets of $24K (revenue +5.2% year-over-year).
- 2017: Revenue of $27K, expenses of $23K, and assets of $22K.
Data Sources and Methodology
This transparency report for Memphremagog Arts Collaborative 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.