Ocean State Consortium
EIN: 460990626 · Barrington, RI
| Metric | Value |
|---|---|
| Total Expenses | $101K |
| Net Assets | $-37,491 |
Is Ocean State Consortium Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ocean State Consortium
Ocean State Consortium (EIN: 460990626) is a nonprofit organization based in Barrington, 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 Ocean State Consortium's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean State Consortium is a micro nonprofit, with 3 years of IRS 990 filings on record (2013–2015). Revenue has grown at a compound annual rate of -26.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $101K |
| Surplus / Deficit | $-50,462 |
| Total Assets | $785K |
| Total Liabilities | $823K |
| Net Assets | $-37,491 |
| Operating Margin | -100.2% |
| Debt-to-Asset Ratio | 104.8% |
| Months of Reserves | 93.4 months |
Financial Health Grade: C
In 2015, Ocean State Consortium reported a deficit of $50K with expenses exceeding revenue, holds 93.4 months of operating reserves (strong position), has a debt-to-asset ratio of 104.8% (high leverage).
Financial Trends
Over 3 years of filings (2013–2015), Ocean State Consortium's revenue has declined at a compound annual growth rate (CAGR) of -26.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -60.7% | -14.6% | +0.4% |
| 2014 | +36.3% | +29.2% | -5.1% |
AI Analysis Pending
AI enrichment for Ocean State Consortium 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 Ocean State Consortium 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.8%.
Frequently Asked Questions about Ocean State Consortium
Is Ocean State Consortium a legitimate charity?
Ocean State Consortium (EIN: 460990626) 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: C.
How does Ocean State Consortium spend its money?
Ocean State Consortium 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 Ocean State Consortium tax-deductible?
Ocean State Consortium is registered as a tax-exempt nonprofit (EIN: 460990626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean State Consortium located?
Ocean State Consortium is headquartered in Barrington, Rhode Island and files with the IRS under EIN 460990626.
How many years of IRS 990 filings does Ocean State Consortium have?
Ocean State Consortium 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 Ocean State Consortium showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2013–2015), Ocean State Consortium's revenue has declined by 46.5%, moving from $94K to $50K. Total assets decreased by 4.7% over the same period, from $824K to $785K. Total functional expenses rose by 10.3%, from $91K to $101K. In its most recent filing year (2015), Ocean State Consortium reported a deficit of $50K, with expenses exceeding revenue. The organization holds $823K in liabilities against $785K in assets (debt-to-asset ratio: 104.8%), resulting in net assets of $-37,491.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $50K | $101K | $785K | $823K | — | View 990 |
| 2014 | $128K | $118K | $782K | $769K | — | View 990 |
| 2013 | $94K | $91K | $824K | $821K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $50K, expenses of $101K, and assets of $785K (revenue -60.7% year-over-year).
- 2014: Revenue of $128K, expenses of $118K, and assets of $782K (revenue +36.3% year-over-year).
- 2013: Revenue of $94K, expenses of $91K, and assets of $824K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean State Consortium:
Data Sources and Methodology
This transparency report for Ocean State Consortium 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.