Syro Malabar Catholic Mission Ofgreater Washington Inc
Syro Malabar Catholic Mission Ofgreater Washington Inc shows consistent revenue and significant asset growth with no reported officer compensation.
EIN: 208680121 · Gaithersburg, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $290K |
| Total Expenses | $301K |
| Program Spending | 85% |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Syro Malabar Catholic Mission Ofgreater Washington Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Syro Malabar Catholic Mission Ofgreater Washington Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Syro Malabar Catholic Mission Ofgreater Washington Inc
Syro Malabar Catholic Mission Ofgreater Washington Inc (EIN: 208680121) is a nonprofit organization based in Gaithersburg, MD. The organization reported total revenue of $290K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Syro Malabar Catholic Mission Ofgreater Washington Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Syro Malabar Catholic Mission Ofgreater Washington Inc is a small nonprofit that has been operating for 80 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $290K |
| Total Expenses | $301K |
| Surplus / Deficit | $-11,367 |
| Total Assets | $3.9M |
| Total Liabilities | $2.2M |
| Net Assets | $1.7M |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 57.2% |
| Months of Reserves | 153.6 months |
Financial Health Grade: C
In 2023, Syro Malabar Catholic Mission Ofgreater Washington Inc reported a deficit of $11K with expenses exceeding revenue, holds 153.6 months of operating reserves (strong position), has a debt-to-asset ratio of 57.2% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Syro Malabar Catholic Mission Ofgreater Washington Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +8.5% | -1.8% |
| 2022 | -50.1% | -7.0% | -1.7% |
| 2021 | +37.8% | +491.9% | +120.2% |
| 2020 | +3.5% | -42.7% | +34.0% |
| 2019 | +95.9% | +33.7% | +62.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Syro Malabar Catholic Mission Ofgreater Washington Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Syro Malabar Catholic Mission Ofgreater Washington Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all seven filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for resource allocation.
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 Syro Malabar Catholic Mission Ofgreater Washington Inc's IRS 990 filings:
- Unknown NTEE code, hindering sector-specific comparative analysis.
- Significant increase in liabilities from $0 in 2018 to over $2.2 million in 2023, warranting further investigation into their nature.
Strengths
The following positive indicators were identified for Syro Malabar Catholic Mission Ofgreater Washington Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Substantial asset growth from $773,859 in 2017 to $3,856,318 in 2023, demonstrating financial accumulation.
- Generally stable financial operations with revenues often exceeding or closely matching expenses.
Frequently Asked Questions about Syro Malabar Catholic Mission Ofgreater Washington Inc
Is Syro Malabar Catholic Mission Ofgreater Washington Inc a legitimate charity?
Syro Malabar Catholic Mission Ofgreater Washington Inc (EIN: 208680121) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $290K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Syro Malabar Catholic Mission Ofgreater Washington Inc spend its money?
Syro Malabar Catholic Mission Ofgreater Washington Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Syro Malabar Catholic Mission Ofgreater Washington Inc tax-deductible?
Syro Malabar Catholic Mission Ofgreater Washington Inc is registered as a tax-exempt nonprofit (EIN: 208680121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Syro Malabar Catholic Mission Ofgreater Washington Inc's spending goes to programs?
Syro Malabar Catholic Mission Ofgreater Washington Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Syro Malabar Catholic Mission Ofgreater Washington Inc located?
Syro Malabar Catholic Mission Ofgreater Washington Inc is headquartered in Gaithersburg, Maryland and files with the IRS under EIN 208680121.
How many years of IRS 990 filings does Syro Malabar Catholic Mission Ofgreater Washington Inc have?
Syro Malabar Catholic Mission Ofgreater Washington Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $290K in total revenue.
What is the specific NTEE code for Syro Malabar Catholic Mission Ofgreater Washington Inc?
The provided data indicates the NTEE code is 'Unknown'. This information would typically be found on their IRS Form 990, Part I, Line 1.
How does the organization manage its liabilities, which have grown significantly alongside assets?
Liabilities have increased from $0 in 2018 to $2,206,269 in 2023. While assets have also grown substantially, understanding the nature of these liabilities (e.g., mortgages, program-related investments) would provide more insight into financial risk and management.
What are the primary sources of the organization's revenue?
The provided data only shows total revenue figures. A detailed breakdown of revenue sources (e.g., contributions, program service revenue, investment income) would offer a clearer picture of financial sustainability.
Filing History
IRS 990 filing history for Syro Malabar Catholic Mission Ofgreater Washington Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Syro Malabar Catholic Mission Ofgreater Washington Inc's revenue has declined by 23.5%, moving from $379K to $290K. Total assets increased by 398.3% over the same period, from $774K to $3.9M. Total functional expenses rose by 177%, from $109K to $301K. In its most recent filing year (2023), Syro Malabar Catholic Mission Ofgreater Washington Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $3.9M in assets (debt-to-asset ratio: 57.2%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $290K | $301K | $3.9M | $2.2M | — | — |
| 2022 | $264K | $278K | $3.9M | $2.3M | — | View 990 |
| 2021 | $528K | $299K | $4.0M | $2.3M | — | View 990 |
| 2020 | $383K | $50K | $1.8M | $367K | — | View 990 |
| 2019 | $370K | $88K | $1.4M | $240K | — | View 990 |
| 2018 | $189K | $66K | $831K | $0 | — | View 990 |
| 2017 | $379K | $109K | $774K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $290K, expenses of $301K, and assets of $3.9M (revenue +10.0% year-over-year).
- 2022: Revenue of $264K, expenses of $278K, and assets of $3.9M (revenue -50.1% year-over-year).
- 2021: Revenue of $528K, expenses of $299K, and assets of $4.0M (revenue +37.8% year-over-year).
- 2020: Revenue of $383K, expenses of $50K, and assets of $1.8M (revenue +3.5% year-over-year).
- 2019: Revenue of $370K, expenses of $88K, and assets of $1.4M (revenue +95.9% year-over-year).
- 2018: Revenue of $189K, expenses of $66K, and assets of $831K (revenue -50.1% year-over-year).
- 2017: Revenue of $379K, expenses of $109K, and assets of $774K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Syro Malabar Catholic Mission Ofgreater Washington Inc:
Data Sources and Methodology
This transparency report for Syro Malabar Catholic Mission Ofgreater Washington 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.