Michael J Dias Foundation Inc
EIN: 454675913 · Springfield, MA · NTEE: F20
| Metric | Value |
|---|---|
| Total Revenue | $608K |
| Total Expenses | $449K |
| Net Assets | $602K |
Is Michael J Dias Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michael J Dias Foundation Inc
Michael J Dias Foundation Inc (EIN: 454675913) is a nonprofit organization based in Springfield, MA, classified under NTEE code F20. The organization reported total revenue of $608K and total assets of $781K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael J Dias Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael J Dias Foundation Inc is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 35.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $483K |
| Total Expenses | $449K |
| Surplus / Deficit | +$34K |
| Total Assets | $706K |
| Total Liabilities | $104K |
| Net Assets | $602K |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2023, Michael J Dias Foundation Inc reported a surplus of $34K with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Michael J Dias Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.4% | +10.2% | +9.0% |
| 2022 | +6.7% | +26.6% | +8.6% |
| 2021 | +71.0% | +30.3% | +21.1% |
| 2020 | +44.8% | +67.6% | +20.8% |
| 2019 | +20.1% | +44.5% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michael J Dias Foundation 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 Michael J Dias Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.7%.
Frequently Asked Questions about Michael J Dias Foundation Inc
Is Michael J Dias Foundation Inc a legitimate charity?
Michael J Dias Foundation Inc (EIN: 454675913) is a registered tax-exempt nonprofit based in Massachusetts. It has 12 years of IRS 990 filings on record. Total revenue: $608K. No red flags identified. Financial health grade: A.
How does Michael J Dias Foundation Inc spend its money?
Michael J Dias Foundation Inc reported $608K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Michael J Dias Foundation Inc tax-deductible?
Michael J Dias Foundation Inc is registered as a tax-exempt nonprofit (EIN: 454675913). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michael J Dias Foundation Inc located?
Michael J Dias Foundation Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 454675913. It is classified under NTEE code F20.
How many years of IRS 990 filings does Michael J Dias Foundation Inc have?
Michael J Dias Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $608K in total revenue.
Filing History
IRS 990 filing history for Michael J Dias Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Michael J Dias Foundation Inc's revenue has grown by 2749.1%, moving from $17K to $483K. Total assets increased by 4761.4% over the same period, from $15K to $706K. Total functional expenses rose by 18254%, from $2K to $449K. In its most recent filing year (2023), Michael J Dias Foundation Inc reported a surplus of $34K, with revenue exceeding expenses. The organization holds $104K in liabilities against $706K in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $602K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $483K | $449K | $706K | $104K | — | — |
| 2022 | $459K | $408K | $647K | $80K | — | View 990 |
| 2021 | $430K | $322K | $596K | $79K | — | View 990 |
| 2020 | $251K | $247K | $492K | $84K | — | — |
| 2019 | $174K | $147K | $408K | $3K | — | View 990 |
| 2018 | $145K | $102K | $379K | $1K | — | View 990 |
| 2017 | $266K | $68K | $337K | $2K | — | View 990 |
| 2016 | $94K | $61K | $138K | $479 | — | View 990 |
| 2015 | $104K | $85K | $106K | $660 | — | View 990 |
| 2014 | $74K | $35K | $87K | $880 | — | View 990 |
| 2013 | $35K | $4K | $46K | $0 | — | View 990 |
| 2012 | $17K | $2K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $483K, expenses of $449K, and assets of $706K (revenue +5.4% year-over-year).
- 2022: Revenue of $459K, expenses of $408K, and assets of $647K (revenue +6.7% year-over-year).
- 2021: Revenue of $430K, expenses of $322K, and assets of $596K (revenue +71.0% year-over-year).
- 2020: Revenue of $251K, expenses of $247K, and assets of $492K (revenue +44.8% year-over-year).
- 2019: Revenue of $174K, expenses of $147K, and assets of $408K (revenue +20.1% year-over-year).
- 2018: Revenue of $145K, expenses of $102K, and assets of $379K (revenue -45.8% year-over-year).
- 2017: Revenue of $266K, expenses of $68K, and assets of $337K (revenue +183.9% year-over-year).
- 2016: Revenue of $94K, expenses of $61K, and assets of $138K (revenue -10.1% year-over-year).
- 2015: Revenue of $104K, expenses of $85K, and assets of $106K (revenue +40.4% year-over-year).
- 2014: Revenue of $74K, expenses of $35K, and assets of $87K (revenue +111.9% year-over-year).
- 2013: Revenue of $35K, expenses of $4K, and assets of $46K (revenue +106.9% year-over-year).
- 2012: Revenue of $17K, expenses of $2K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael J Dias Foundation Inc:
Data Sources and Methodology
This transparency report for Michael J Dias 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.