New England Masters Study Club
EIN: 61444052 · Portland, ME · NTEE: E033
Is New England Masters Study Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New England Masters Study Club
New England Masters Study Club (EIN: 61444052) is a nonprofit organization based in Portland, ME, classified under NTEE code E033. The organization reported total revenue of $57K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Masters Study Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Masters Study Club is a micro nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $88K |
| Surplus / Deficit | $-30,705 |
| Total Assets | $57K |
| Net Assets | $57K |
| Operating Margin | -53.4% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, New England Masters Study Club reported a deficit of $31K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), New England Masters Study Club's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +72.4% | -35.1% |
| 2022 | +120.7% | +85.7% | +0.0% |
| 2021 | -47.0% | -62.2% | -4.7% |
| 2020 | -29.6% | +46.5% | -24.1% |
| 2019 | -20.9% | -15.1% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New England Masters Study Club 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 England Masters Study Club 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 $31K, with expenses exceeding revenue.
Frequently Asked Questions about New England Masters Study Club
Is New England Masters Study Club a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Masters Study Club (EIN: 61444052) insufficient data. 0 red flags identified, 0 strengths noted.
How does New England Masters Study Club spend its money?
Detailed spending breakdown data is not yet available for New England Masters Study Club. Check back for updated IRS 990 analysis.
Are donations to New England Masters Study Club tax-deductible?
New England Masters Study Club is registered as a tax-exempt nonprofit (EIN: 61444052). 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 England Masters Study Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New England Masters Study Club's revenue has grown by 17.3%, moving from $49K to $57K. Total assets decreased by 22.2% over the same period, from $73K to $57K. Total functional expenses rose by 165.7%, from $33K to $88K. In its most recent filing year (2023), New England Masters Study Club reported a deficit of $31K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $88K | $57K | $0 | — | View 990 |
| 2022 | $51K | $51K | $87K | $0 | — | — |
| 2021 | $23K | $28K | $87K | $0 | — | — |
| 2020 | $44K | $73K | $92K | $0 | — | View 990 |
| 2019 | $62K | $50K | $121K | $0 | — | View 990 |
| 2018 | $78K | $59K | $109K | $0 | — | View 990 |
| 2017 | $58K | $55K | $89K | $0 | — | View 990 |
| 2016 | $55K | $49K | $86K | $0 | — | View 990 |
| 2015 | $59K | $51K | $80K | $0 | — | View 990 |
| 2014 | $63K | $63K | $72K | $0 | — | View 990 |
| 2013 | $54K | $54K | $72K | $0 | — | View 990 |
| 2012 | $49K | $33K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $88K, and assets of $57K (revenue +12.3% year-over-year).
- 2022: Revenue of $51K, expenses of $51K, and assets of $87K (revenue +120.7% year-over-year).
- 2021: Revenue of $23K, expenses of $28K, and assets of $87K (revenue -47.0% year-over-year).
- 2020: Revenue of $44K, expenses of $73K, and assets of $92K (revenue -29.6% year-over-year).
- 2019: Revenue of $62K, expenses of $50K, and assets of $121K (revenue -20.9% year-over-year).
- 2018: Revenue of $78K, expenses of $59K, and assets of $109K (revenue +35.3% year-over-year).
- 2017: Revenue of $58K, expenses of $55K, and assets of $89K (revenue +5.9% year-over-year).
- 2016: Revenue of $55K, expenses of $49K, and assets of $86K (revenue -6.8% year-over-year).
- 2015: Revenue of $59K, expenses of $51K, and assets of $80K (revenue -6.9% year-over-year).
- 2014: Revenue of $63K, expenses of $63K, and assets of $72K (revenue +17.8% year-over-year).
- 2013: Revenue of $54K, expenses of $54K, and assets of $72K (revenue +9.2% year-over-year).
- 2012: Revenue of $49K, expenses of $33K, and assets of $73K.
Data Sources and Methodology
This transparency report for New England Masters Study Club 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.