Mississippi Automobile Insurance Plan
EIN: 640394072 · Johnston, RI
| Metric | Value |
|---|---|
| Total Expenses | $117K |
| Net Assets | $381K |
Is Mississippi Automobile Insurance Plan Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mississippi Automobile Insurance Plan
Mississippi Automobile Insurance Plan (EIN: 640394072) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mississippi Automobile Insurance Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mississippi Automobile Insurance Plan is a micro nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -31.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $117K |
| Surplus / Deficit | $-113,274 |
| Total Assets | $442K |
| Total Liabilities | $61K |
| Net Assets | $381K |
| Operating Margin | -3281.4% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 45.5 months |
Financial Health Grade: B
In 2022, Mississippi Automobile Insurance Plan reported a deficit of $113K with expenses exceeding revenue, holds 45.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Mississippi Automobile Insurance Plan's revenue has declined at a compound annual growth rate (CAGR) of -31.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -97.6% | +91.9% | +48.8% |
| 2021 | +0.3% | -4.7% | +25.6% |
| 2020 | -0.6% | -19.2% | +36.0% |
| 2019 | +1.5% | -19.9% | +20.9% |
| 2018 | -0.7% | -6.0% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mississippi Automobile Insurance Plan 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 Mississippi Automobile Insurance Plan 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 $113K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Frequently Asked Questions about Mississippi Automobile Insurance Plan
Is Mississippi Automobile Insurance Plan a legitimate charity?
Mississippi Automobile Insurance Plan (EIN: 640394072) is a registered tax-exempt nonprofit based in Rhode Island. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Mississippi Automobile Insurance Plan spend its money?
Mississippi Automobile Insurance Plan reported its financials 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 Mississippi Automobile Insurance Plan tax-deductible?
Mississippi Automobile Insurance Plan is registered as a tax-exempt nonprofit (EIN: 640394072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mississippi Automobile Insurance Plan located?
Mississippi Automobile Insurance Plan is headquartered in Johnston, Rhode Island and files with the IRS under EIN 640394072.
How many years of IRS 990 filings does Mississippi Automobile Insurance Plan have?
Mississippi Automobile Insurance Plan 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.
Filing History
IRS 990 filing history for Mississippi Automobile Insurance Plan showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Mississippi Automobile Insurance Plan's revenue has declined by 98.5%, moving from $224K to $3K. Total assets increased by 855% over the same period, from $46K to $442K. Total functional expenses fell by 39.2%, from $192K to $117K. In its most recent filing year (2022), Mississippi Automobile Insurance Plan reported a deficit of $113K, with expenses exceeding revenue. The organization holds $61K in liabilities against $442K in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $381K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3K | $117K | $442K | $61K | — | View 990 |
| 2021 | $141K | $61K | $297K | $50K | — | View 990 |
| 2020 | $141K | $64K | $237K | $66K | — | — |
| 2019 | $142K | $79K | $174K | $59K | — | View 990 |
| 2018 | $140K | $99K | $144K | $52K | — | View 990 |
| 2017 | $141K | $105K | $142K | $62K | — | — |
| 2016 | $141K | $114K | $95K | $62K | — | View 990 |
| 2015 | $143K | $118K | $79K | $61K | — | View 990 |
| 2014 | $190K | $126K | $65K | $78K | — | View 990 |
| 2013 | $205K | $186K | $49K | $53K | — | View 990 |
| 2012 | $205K | $182K | $147K | $115K | — | View 990 |
| 2011 | $224K | $192K | $46K | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3K, expenses of $117K, and assets of $442K (revenue -97.6% year-over-year).
- 2021: Revenue of $141K, expenses of $61K, and assets of $297K (revenue +0.3% year-over-year).
- 2020: Revenue of $141K, expenses of $64K, and assets of $237K (revenue -0.6% year-over-year).
- 2019: Revenue of $142K, expenses of $79K, and assets of $174K (revenue +1.5% year-over-year).
- 2018: Revenue of $140K, expenses of $99K, and assets of $144K (revenue -0.7% year-over-year).
- 2017: Revenue of $141K, expenses of $105K, and assets of $142K (revenue -0.3% year-over-year).
- 2016: Revenue of $141K, expenses of $114K, and assets of $95K (revenue -1.1% year-over-year).
- 2015: Revenue of $143K, expenses of $118K, and assets of $79K (revenue -24.9% year-over-year).
- 2014: Revenue of $190K, expenses of $126K, and assets of $65K (revenue -7.3% year-over-year).
- 2013: Revenue of $205K, expenses of $186K, and assets of $49K (revenue +0.0% year-over-year).
- 2012: Revenue of $205K, expenses of $182K, and assets of $147K (revenue -8.6% year-over-year).
- 2011: Revenue of $224K, expenses of $192K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mississippi Automobile Insurance Plan:
Data Sources and Methodology
This transparency report for Mississippi Automobile Insurance Plan 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.