Modern Greek Studies Association
Modern Greek Studies Association: Stable Finances, Low Program Spending
EIN: 221992750 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $63K |
| Program Spending | 43% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $814K |
| Transparency Score | 65/100 |
Is Modern Greek Studies Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Modern Greek Studies Association directs 43% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Modern Greek Studies Association
Modern Greek Studies Association (EIN: 221992750) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $189K and total assets of $931K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Modern Greek Studies Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Modern Greek Studies Association is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $63K |
| Surplus / Deficit | $-36,031 |
| Total Assets | $814K |
| Net Assets | $814K |
| Operating Margin | -133.0% |
| Months of Reserves | 154.7 months |
Financial Health Grade: B
In 2023, Modern Greek Studies Association reported a deficit of $36K with expenses exceeding revenue, holds 154.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Modern Greek Studies Association's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.0% | -4.3% | +6.3% |
| 2022 | -13.4% | +50.2% | -11.3% |
| 2021 | +256.9% | +16.0% | +13.8% |
| 2020 | -76.8% | -41.6% | +1.0% |
| 2019 | +164.8% | +35.1% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Modern Greek Studies Association with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 57%
- programs: 43%
- fundraising: 0%
According to IRS 990 filings, Modern Greek Studies Association allocates its expenses as follows: admin: 57%, programs: 43%, fundraising: 0%. Only 43% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports $0 in compensation for officers, directors, trustees, and key employees in all available filings, suggesting either a fully volunteer-run leadership or that compensation is reported under other expense categories, which warrants further investigation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Modern Greek Studies Association's IRS 990 filings:
- Program spending appears low relative to total expenses; for example, in 2023, with $63,131 in total expenses, the lack of specific program expenditure details is a concern.
- The consistent reporting of $0 executive compensation across multiple years for an organization with significant assets ($930,766 in 2023) could indicate a lack of transparency regarding leadership costs or an unusual operational model.
- The organization's net assets have grown significantly from $626,364 in 2018 to $930,766 in 2023, while revenue has fluctuated, suggesting a focus on asset accumulation over direct program expansion.
Strengths
The following positive indicators were identified for Modern Greek Studies Association:
- The organization maintains a healthy asset base, with $930,766 in assets as of 2023, indicating financial stability.
- Consistently low liabilities (reported as $0 in most years) suggest sound financial management and minimal debt.
- The organization has consistently filed its financial reports, demonstrating a commitment to regulatory compliance.
Frequently Asked Questions about Modern Greek Studies Association
Is Modern Greek Studies Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Modern Greek Studies Association (EIN: 221992750) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Modern Greek Studies Association spend its money?
Modern Greek Studies Association directs 43% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Modern Greek Studies Association tax-deductible?
Modern Greek Studies Association is registered as a tax-exempt nonprofit (EIN: 221992750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Modern Greek Studies Association CEO make?
Modern Greek Studies Association's highest-compensated officer earns $0 annually. The organization reported $189K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Modern Greek Studies Association located?
Modern Greek Studies Association is headquartered in Providence, Rhode Island and files with the IRS under EIN 221992750.
How many years of IRS 990 filings does Modern Greek Studies Association have?
Modern Greek Studies Association has 13 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 $189K in total revenue.
What does Modern Greek Studies Association do?
Modern Greek Studies Association is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Modern Greek Studies Association have?
Modern Greek Studies Association reported total revenue of $189,025. Based on 13 IRS 990 filings on record.
What are Modern Greek Studies Association's total assets?
Modern Greek Studies Association holds total assets of $930,766 as reported in IRS 990 filings.
Where is Modern Greek Studies Association located?
Modern Greek Studies Association is based in Providence, Rhode Island.
What is Modern Greek Studies Association's EIN?
Modern Greek Studies Association's Employer Identification Number (EIN) is 221992750. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Modern Greek Studies Association?
Modern Greek Studies Association is classified under NTEE code Unknown (Unknown).
Is Modern Greek Studies Association a registered 501(c)(3)?
Modern Greek Studies Association appears in IRS records (EIN: 221992750). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Modern Greek Studies Association file IRS Form 990?
Yes, Modern Greek Studies Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Modern Greek Studies Association's revenue in 2023?
In the 202312 filing period, Modern Greek Studies Association reported total revenue of $27,100, total expenses of $63,131, and net assets of $813,684.
Is Modern Greek Studies Association's revenue growing or declining?
Modern Greek Studies Association's revenue is declining. Revenue went from $71,258 (202212) to $27,100 (202312), a -62.0% change. Based on 13 filings on record.
What is Modern Greek Studies Association's most recent 990 filing?
The most recent IRS Form 990 filing for Modern Greek Studies Association covers tax period 202312. It shows revenue of $27,100, expenses of $63,131, total assets of $813,684, and liabilities of N/A.
How much does Modern Greek Studies Association spend on programs vs administration?
Based on IRS 990 analysis, Modern Greek Studies Association allocates approximately 43% of expenses to program services, 57% to administrative costs, and 0% to fundraising. Overhead costs appear high relative to program spending.
Is Modern Greek Studies Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Modern Greek Studies Association shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Modern Greek Studies Association?
The following concerns were identified: Program spending appears low relative to total expenses; for example, in 2023, with $63,131 in total expenses, the lack of specific program expenditure details is a concern.. The consistent reporting of $0 executive compensation across multiple years for an organization with significant assets ($930,766 in 2023) could indicate a lack of transparency regarding leadership costs or an unusual operational model.. The organization's net assets have grown significantly from $626,364 in 2018 to $930,766 in 2023, while revenue has fluctuated, suggesting a focus on asset accumulation over direct program expansion.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Modern Greek Studies Association's strengths?
Positive indicators for Modern Greek Studies Association include: The organization maintains a healthy asset base, with $930,766 in assets as of 2023, indicating financial stability.. Consistently low liabilities (reported as $0 in most years) suggest sound financial management and minimal debt.. The organization has consistently filed its financial reports, demonstrating a commitment to regulatory compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does Modern Greek Studies Association compensate executives?
The organization reports $0 in compensation for officers, directors, trustees, and key employees in all available filings, suggesting either a fully volunteer-run leadership or that compensation is reported under other expense categories, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation and the significant asset base, how does the organization manage its operational leadership and administrative functions?
Without reported executive compensation, it's unclear if leadership is entirely volunteer-based or if compensation is embedded within other expense categories, which would obscure true administrative costs. Further inquiry into their operational structure and staffing is needed.
With total expenses of $63,131 in 2023 and $0 reported for programs, what specific activities constitute the organization's mission fulfillment?
The provided data lacks granular detail on how the 'expenses' are allocated between administrative overhead and direct program activities. A more detailed breakdown is necessary to understand the impact of their spending on their stated mission.
Filing History
IRS 990 filing history for Modern Greek Studies Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Modern Greek Studies Association's revenue has declined by 39.5%, moving from $45K to $27K. Total assets increased by 95.8% over the same period, from $415K to $814K. Total functional expenses rose by 55.1%, from $41K to $63K. In its most recent filing year (2023), Modern Greek Studies Association reported a deficit of $36K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $63K | $814K | $0 | — | — |
| 2022 | $71K | $66K | $765K | $0 | — | View 990 |
| 2021 | $82K | $44K | $863K | $939 | — | View 990 |
| 2020 | $23K | $38K | $759K | $939 | — | View 990 |
| 2019 | $99K | $65K | $751K | $939 | — | View 990 |
| 2018 | $37K | $48K | $626K | $0 | — | View 990 |
| 2017 | $179K | $55K | $719K | $2K | — | View 990 |
| 2016 | $40K | $43K | $611K | $2K | — | View 990 |
| 2015 | $67K | $52K | $583K | $2K | — | View 990 |
| 2014 | $72K | $48K | $597K | $2K | — | View 990 |
| 2013 | $86K | $50K | $558K | $1K | — | View 990 |
| 2012 | $47K | $35K | $465K | $1K | — | View 990 |
| 2011 | $45K | $41K | $415K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $63K, and assets of $814K (revenue -62.0% year-over-year).
- 2022: Revenue of $71K, expenses of $66K, and assets of $765K (revenue -13.4% year-over-year).
- 2021: Revenue of $82K, expenses of $44K, and assets of $863K (revenue +256.9% year-over-year).
- 2020: Revenue of $23K, expenses of $38K, and assets of $759K (revenue -76.8% year-over-year).
- 2019: Revenue of $99K, expenses of $65K, and assets of $751K (revenue +164.8% year-over-year).
- 2018: Revenue of $37K, expenses of $48K, and assets of $626K (revenue -79.1% year-over-year).
- 2017: Revenue of $179K, expenses of $55K, and assets of $719K (revenue +351.4% year-over-year).
- 2016: Revenue of $40K, expenses of $43K, and assets of $611K (revenue -40.9% year-over-year).
- 2015: Revenue of $67K, expenses of $52K, and assets of $583K (revenue -6.3% year-over-year).
- 2014: Revenue of $72K, expenses of $48K, and assets of $597K (revenue -16.6% year-over-year).
- 2013: Revenue of $86K, expenses of $50K, and assets of $558K (revenue +83.8% year-over-year).
- 2012: Revenue of $47K, expenses of $35K, and assets of $465K (revenue +4.5% year-over-year).
- 2011: Revenue of $45K, expenses of $41K, and assets of $415K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Modern Greek Studies Association:
Data Sources and Methodology
This transparency report for Modern Greek Studies Association 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.