Narragansett Senior Association
EIN: 50454687 · Narragansett, RI · NTEE: L22
| Metric | Value |
|---|---|
| Total Expenses | $14K |
| Net Assets | $6K |
Is Narragansett Senior Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Narragansett Senior Association
Narragansett Senior Association (EIN: 50454687) is a nonprofit organization based in Narragansett, RI, classified under NTEE code L22. 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 Narragansett Senior Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Narragansett Senior Association is a micro nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2018–2020). Revenue has grown at a compound annual rate of -47.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $14K |
| Surplus / Deficit | $-357 |
| Total Assets | $6K |
| Net Assets | $6K |
| Operating Margin | -2.7% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2020, Narragansett Senior Association reported a deficit of $357 with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2018–2020), Narragansett Senior Association's revenue has declined at a compound annual growth rate (CAGR) of -47.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -43.4% | -46.4% | -5.4% |
| 2019 | -52.0% | -55.6% | -23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Narragansett Senior Association 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 Narragansett Senior Association 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $357, with expenses exceeding revenue.
Frequently Asked Questions about Narragansett Senior Association
Is Narragansett Senior Association a legitimate charity?
Narragansett Senior Association (EIN: 50454687) is a registered tax-exempt nonprofit based in Rhode Island. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Narragansett Senior Association spend its money?
Narragansett Senior Association reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Narragansett Senior Association tax-deductible?
Narragansett Senior Association is registered as a tax-exempt nonprofit (EIN: 50454687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Narragansett Senior Association located?
Narragansett Senior Association is headquartered in Narragansett, Rhode Island and files with the IRS under EIN 50454687. It is classified under NTEE code L22.
How many years of IRS 990 filings does Narragansett Senior Association have?
Narragansett Senior Association has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Narragansett Senior Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2018–2020), Narragansett Senior Association's revenue has declined by 72.8%, moving from $49K to $13K. Total assets decreased by 27.4% over the same period, from $9K to $6K. Total functional expenses fell by 76.2%, from $57K to $14K. In its most recent filing year (2020), Narragansett Senior Association reported a deficit of $357, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $13K | $14K | $6K | $0 | — | View 990 |
| 2019 | $23K | $25K | $7K | $0 | — | View 990 |
| 2018 | $49K | $57K | $9K | $0 | — | — |
Year-by-Year Financial Summary
- 2020: Revenue of $13K, expenses of $14K, and assets of $6K (revenue -43.4% year-over-year).
- 2019: Revenue of $23K, expenses of $25K, and assets of $7K (revenue -52.0% year-over-year).
- 2018: Revenue of $49K, expenses of $57K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Narragansett Senior Association:
Data Sources and Methodology
This transparency report for Narragansett Senior 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.