New Bedford Ocean Cluster Inc
EIN: 871778078 · New Bedford, MA · NTEE: S01
Is New Bedford Ocean Cluster Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Bedford Ocean Cluster Inc
New Bedford Ocean Cluster Inc (EIN: 871778078) is a nonprofit organization based in New Bedford, MA, classified under NTEE code S01. The organization reported total revenue of $721K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Bedford Ocean Cluster Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for New Bedford Ocean Cluster 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 New Bedford Ocean Cluster 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.
Frequently Asked Questions about New Bedford Ocean Cluster Inc
Is New Bedford Ocean Cluster Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Bedford Ocean Cluster Inc (EIN: 871778078) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Bedford Ocean Cluster Inc spend its money?
Detailed spending breakdown data is not yet available for New Bedford Ocean Cluster Inc. Check back for updated IRS 990 analysis.
Are donations to New Bedford Ocean Cluster Inc tax-deductible?
New Bedford Ocean Cluster Inc is registered as a tax-exempt nonprofit (EIN: 871778078). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for New Bedford Ocean Cluster Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), New Bedford Ocean Cluster Inc's revenue has grown by 56.4%, moving from $507K to $793K. Total assets increased by 32.1% over the same period, from $338K to $446K. Total functional expenses rose by 5.4%, from $438K to $461K. In its most recent filing year (2023), New Bedford Ocean Cluster Inc reported a surplus of $332K, with revenue exceeding expenses. The organization holds $45K in liabilities against $446K in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $401K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $793K | $461K | $446K | $45K | — | — |
| 2022 | $507K | $438K | $338K | $268K | — | View 990 |
Data Sources and Methodology
This transparency report for New Bedford Ocean Cluster 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.