Renew Massachusetts Coalition Foundation Inc
Renew Massachusetts Coalition Foundation Inc. faces significant and growing liabilities with consistent operating deficits.
EIN: 161698640 · Washington, DC · NTEE: P46 · Updated: 2026-03-28
Is Renew Massachusetts Coalition Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renew Massachusetts Coalition Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Renew Massachusetts Coalition Foundation Inc
Renew Massachusetts Coalition Foundation Inc (EIN: 161698640) is a nonprofit organization based in Washington, DC, classified under NTEE code P46. The organization reported total revenue of $104K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renew Massachusetts Coalition Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renew Massachusetts Coalition Foundation Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $3K |
| Surplus / Deficit | +$8K |
| Total Assets | $35K |
| Total Liabilities | $548K |
| Net Assets | $-513,647 |
| Operating Margin | 74.5% |
| Debt-to-Asset Ratio | 1588.0% |
| Months of Reserves | 143.3 months |
Financial Health Grade: A
In 2023, Renew Massachusetts Coalition Foundation Inc reported a surplus of $8K with revenue exceeding expenses, holds 143.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1588.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Renew Massachusetts Coalition Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.9% | -98.2% | +2.6% |
| 2022 | -3.6% | -14.6% | -7.5% |
| 2021 | +10.5% | +12.3% | -25.9% |
| 2020 | -9.5% | -22.5% | +53.5% |
| 2019 | -33.7% | -28.6% | +46237.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Renew Massachusetts Coalition Foundation Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Renew Massachusetts Coalition Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1588.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is commendable for a small organization with limited revenue.
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 Renew Massachusetts Coalition Foundation Inc's IRS 990 filings:
- Consistent operating deficits, with expenses regularly exceeding revenue (e.g., 2022: $162,440 expenses vs. $124,449 revenue).
- Substantial and growing liabilities that far exceed assets (e.g., 2023: $548,166 liabilities vs. $34,519 assets).
- Low asset base relative to operational scale and liabilities, indicating limited financial reserves.
- Significant drop in revenue in 2023 to $11,350 from $124,449 in 2022, while liabilities remained high.
Strengths
The following positive indicators were identified for Renew Massachusetts Coalition Foundation Inc:
- No reported officer compensation, indicating a volunteer-driven leadership and efficient use of funds in this area.
Frequently Asked Questions about Renew Massachusetts Coalition Foundation Inc
Is Renew Massachusetts Coalition Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Renew Massachusetts Coalition Foundation Inc (EIN: 161698640) significant concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.
How does Renew Massachusetts Coalition Foundation Inc spend its money?
Renew Massachusetts Coalition Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Renew Massachusetts Coalition Foundation Inc tax-deductible?
Renew Massachusetts Coalition Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161698640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Renew Massachusetts Coalition Foundation Inc. financially stable?
No, the organization does not appear financially stable. It has consistently operated at a deficit, with expenses exceeding revenue in most years (e.g., 2022 expenses of $162,440 vs. revenue of $124,449), and has accumulated substantial liabilities, reaching $548,166 in 2023, far outweighing its assets of $33,901.
What are the primary reasons for the organization's high liabilities?
The provided data does not specify the nature of the liabilities, but their consistent growth and magnitude relative to assets suggest significant outstanding obligations that are not being covered by operational revenue.
How does the organization fund its operations given the consistent deficits?
The consistent deficits imply that the organization is either drawing down on reserves (which are minimal) or accumulating debt, as evidenced by the growing liabilities. Without further detail, it's difficult to pinpoint the exact funding mechanism for covering these shortfalls.
Filing History
IRS 990 filing history for Renew Massachusetts Coalition Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Renew Massachusetts Coalition Foundation Inc's revenue has declined by 74.7%, moving from $45K to $11K. Total assets decreased by 59.1% over the same period, from $84K to $35K. Total functional expenses fell by 93.6%, from $45K to $3K. In its most recent filing year (2023), Renew Massachusetts Coalition Foundation Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $548K in liabilities against $35K in assets (debt-to-asset ratio: 1588.0%), resulting in net assets of $-513,647.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $3K | $35K | $548K | — | — |
| 2022 | $124K | $162K | $34K | $556K | — | View 990 |
| 2021 | $129K | $190K | $36K | $520K | — | — |
| 2020 | $117K | $169K | $49K | $472K | — | — |
| 2019 | $129K | $218K | $32K | $403K | — | View 990 |
| 2018 | $195K | $306K | $69 | $281K | — | View 990 |
| 2017 | $178K | $268K | $1K | $171K | — | View 990 |
| 2016 | $198K | $232K | $222 | $81K | — | View 990 |
| 2015 | $194K | $241K | $0 | $46K | — | View 990 |
| 2014 | $156K | $177K | $123 | $0 | — | View 990 |
| 2013 | $169K | $83K | $21K | $0 | — | View 990 |
| 2012 | $197K | $269K | $548 | $66K | — | View 990 |
| 2011 | $131K | $209K | $6K | $0 | — | View 990 |
| 2010 | $45K | $45K | $84K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $3K, and assets of $35K (revenue -90.9% year-over-year).
- 2022: Revenue of $124K, expenses of $162K, and assets of $34K (revenue -3.6% year-over-year).
- 2021: Revenue of $129K, expenses of $190K, and assets of $36K (revenue +10.5% year-over-year).
- 2020: Revenue of $117K, expenses of $169K, and assets of $49K (revenue -9.5% year-over-year).
- 2019: Revenue of $129K, expenses of $218K, and assets of $32K (revenue -33.7% year-over-year).
- 2018: Revenue of $195K, expenses of $306K, and assets of $69 (revenue +9.1% year-over-year).
- 2017: Revenue of $178K, expenses of $268K, and assets of $1K (revenue -9.8% year-over-year).
- 2016: Revenue of $198K, expenses of $232K, and assets of $222 (revenue +1.9% year-over-year).
- 2015: Revenue of $194K, expenses of $241K, and assets of $0 (revenue +24.8% year-over-year).
- 2014: Revenue of $156K, expenses of $177K, and assets of $123 (revenue -8.2% year-over-year).
- 2013: Revenue of $169K, expenses of $83K, and assets of $21K (revenue -14.1% year-over-year).
- 2012: Revenue of $197K, expenses of $269K, and assets of $548 (revenue +50.2% year-over-year).
- 2011: Revenue of $131K, expenses of $209K, and assets of $6K (revenue +192.4% year-over-year).
- 2010: Revenue of $45K, expenses of $45K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renew Massachusetts Coalition Foundation Inc:
Data Sources and Methodology
This transparency report for Renew Massachusetts Coalition Foundation 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.