Mid Atlantic Quality Assurance Workshop Inc
EIN: 475432805 · North East, MD · NTEE: B02
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $126K |
| Net Assets | $78K |
Is Mid Atlantic Quality Assurance Workshop 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 Quality Assurance Workshop Inc
Mid Atlantic Quality Assurance Workshop Inc (EIN: 475432805) is a nonprofit organization based in North East, MD, classified under NTEE code B02. The organization reported total revenue of $100K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Atlantic Quality Assurance Workshop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid Atlantic Quality Assurance Workshop Inc is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $126K |
| Surplus / Deficit | $-9,015 |
| Total Assets | $78K |
| Net Assets | $78K |
| Operating Margin | -7.7% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Mid Atlantic Quality Assurance Workshop Inc reported a deficit of $9K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Mid Atlantic Quality Assurance Workshop Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +157.9% | +378.4% | -10.3% |
| 2021 | -100.0% | -98.8% | -2.2% |
| 2020 | -2.1% | +11.2% | -21.0% |
| 2019 | -12.3% | +13.9% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mid Atlantic Quality Assurance Workshop 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 Quality Assurance Workshop 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 deficit of $9K, with expenses exceeding revenue.
Frequently Asked Questions about Mid Atlantic Quality Assurance Workshop Inc
Is Mid Atlantic Quality Assurance Workshop Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mid Atlantic Quality Assurance Workshop Inc (EIN: 475432805) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mid Atlantic Quality Assurance Workshop Inc spend its money?
Detailed spending breakdown data is not yet available for Mid Atlantic Quality Assurance Workshop Inc. Check back for updated IRS 990 analysis.
Are donations to Mid Atlantic Quality Assurance Workshop Inc tax-deductible?
Mid Atlantic Quality Assurance Workshop Inc is registered as a tax-exempt nonprofit (EIN: 475432805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mid Atlantic Quality Assurance Workshop Inc located?
Mid Atlantic Quality Assurance Workshop Inc is headquartered in North East, Maryland and files with the IRS under EIN 475432805. It is classified under NTEE code B02.
How many years of IRS 990 filings does Mid Atlantic Quality Assurance Workshop Inc have?
Mid Atlantic Quality Assurance Workshop Inc has 8 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 $100K in total revenue.
Filing History
IRS 990 filing history for Mid Atlantic Quality Assurance Workshop Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Mid Atlantic Quality Assurance Workshop Inc's revenue has grown by 16.5%, moving from $101K to $117K. Total assets increased by 72.1% over the same period, from $45K to $78K. Total functional expenses rose by 44.8%, from $87K to $126K. In its most recent filing year (2023), Mid Atlantic Quality Assurance Workshop Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $126K | $78K | $0 | — | View 990 |
| 2022 | $45K | $26K | $87K | $0 | — | View 990 |
| 2021 | $0 | $2K | $68K | $0 | — | View 990 |
| 2020 | $107K | $126K | $70K | $0 | — | — |
| 2019 | $110K | $113K | $88K | $0 | — | View 990 |
| 2018 | $125K | $99K | $92K | $0 | — | View 990 |
| 2017 | $114K | $94K | $66K | $0 | — | View 990 |
| 2016 | $101K | $87K | $45K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $126K, and assets of $78K (revenue +157.9% year-over-year).
- 2022: Revenue of $45K, expenses of $26K, and assets of $87K.
- 2021: Revenue of $0, expenses of $2K, and assets of $68K (revenue -100.0% year-over-year).
- 2020: Revenue of $107K, expenses of $126K, and assets of $70K (revenue -2.1% year-over-year).
- 2019: Revenue of $110K, expenses of $113K, and assets of $88K (revenue -12.3% year-over-year).
- 2018: Revenue of $125K, expenses of $99K, and assets of $92K (revenue +9.5% year-over-year).
- 2017: Revenue of $114K, expenses of $94K, and assets of $66K (revenue +13.6% year-over-year).
- 2016: Revenue of $101K, expenses of $87K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid Atlantic Quality Assurance Workshop Inc:
Data Sources and Methodology
This transparency report for Mid Atlantic Quality Assurance Workshop 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.