Mid Atlantic Equity Consortium Inc
EIN: 521790753 · Silver Spring, MD · NTEE: R20Z
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.7M |
| Net Assets | $381K |
Is Mid Atlantic Equity Consortium Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mid Atlantic Equity Consortium Inc
Mid Atlantic Equity Consortium Inc (EIN: 521790753) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code R20Z. The organization reported total revenue of $4.0M and total assets of $738K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Atlantic Equity Consortium Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Atlantic Equity Consortium Inc is a mid-size nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-178,898 |
| Total Assets | $1.1M |
| Total Liabilities | $706K |
| Net Assets | $381K |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 64.9% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2022, Mid Atlantic Equity Consortium Inc reported a deficit of $179K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 64.9% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Mid Atlantic Equity Consortium Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -11.8% | -1.3% | +21.6% |
| 2021 | +9.1% | -1.4% | -14.9% |
| 2020 | +69.8% | +78.0% | +58.7% |
| 2019 | +2.1% | +2.9% | +7.6% |
| 2018 | +20.2% | +13.9% | -16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mid Atlantic Equity Consortium 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 Mid Atlantic Equity Consortium 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.9%.
Frequently Asked Questions about Mid Atlantic Equity Consortium Inc
Is Mid Atlantic Equity Consortium Inc a legitimate charity?
Mid Atlantic Equity Consortium Inc (EIN: 521790753) is a registered tax-exempt nonprofit based in Maryland. It has 12 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. Financial health grade: C.
How does Mid Atlantic Equity Consortium Inc spend its money?
Mid Atlantic Equity Consortium Inc reported $4.0M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mid Atlantic Equity Consortium Inc tax-deductible?
Mid Atlantic Equity Consortium Inc is registered as a tax-exempt nonprofit (EIN: 521790753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mid Atlantic Equity Consortium Inc located?
Mid Atlantic Equity Consortium Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 521790753. It is classified under NTEE code R20Z.
How many years of IRS 990 filings does Mid Atlantic Equity Consortium Inc have?
Mid Atlantic Equity Consortium 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 $4.0M in total revenue.
Filing History
IRS 990 filing history for Mid Atlantic Equity Consortium Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Mid Atlantic Equity Consortium Inc's revenue has grown by 300.8%, moving from $885K to $3.5M. Total assets increased by 625.2% over the same period, from $150K to $1.1M. Total functional expenses rose by 373.5%, from $787K to $3.7M. In its most recent filing year (2022), Mid Atlantic Equity Consortium Inc reported a deficit of $179K, with expenses exceeding revenue. The organization holds $706K in liabilities against $1.1M in assets (debt-to-asset ratio: 64.9%), resulting in net assets of $381K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.5M | $3.7M | $1.1M | $706K | — | View 990 |
| 2021 | $4.0M | $3.8M | $894K | $304K | — | View 990 |
| 2020 | $3.7M | $3.8M | $1.1M | $604K | — | View 990 |
| 2019 | $2.2M | $2.2M | $662K | $184K | — | View 990 |
| 2018 | $2.1M | $2.1M | $615K | $157K | — | View 990 |
| 2017 | $1.8M | $1.8M | $737K | $313K | — | View 990 |
| 2016 | $1.5M | $1.9M | $540K | $49K | — | View 990 |
| 2015 | $2.7M | $2.4M | $1.1M | $255K | — | View 990 |
| 2014 | $2.2M | $2.0M | $821K | $273K | — | View 990 |
| 2013 | $1.2M | $1.2M | $389K | $57K | — | View 990 |
| 2012 | $1.3M | $1.1M | $342K | $70K | — | View 990 |
| 2011 | $885K | $787K | $150K | $77K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.5M, expenses of $3.7M, and assets of $1.1M (revenue -11.8% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.8M, and assets of $894K (revenue +9.1% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.8M, and assets of $1.1M (revenue +69.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $662K (revenue +2.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $615K (revenue +20.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $737K (revenue +17.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.9M, and assets of $540K (revenue -44.5% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.4M, and assets of $1.1M (revenue +22.7% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.0M, and assets of $821K (revenue +79.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $389K (revenue -2.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $342K (revenue +42.7% year-over-year).
- 2011: Revenue of $885K, expenses of $787K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Atlantic Equity Consortium Inc:
Data Sources and Methodology
This transparency report for Mid Atlantic Equity Consortium 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.