Tourism Cares Inc
Tourism Cares Inc. shows consistent program focus with no executive compensation, but faces recent operational deficits.
EIN: 202013457 · Canton, MA · NTEE: C123 · Updated: 2026-03-28
Is Tourism Cares Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tourism Cares Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tourism Cares Inc
Tourism Cares Inc (EIN: 202013457) is a nonprofit organization based in Canton, MA, classified under NTEE code C123. The organization reported total revenue of $1.4M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tourism Cares Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tourism Cares 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Tourism Cares Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Tourism Cares Inc. consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size with annual revenues exceeding $1 million.
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 Tourism Cares Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $220,618 in 2023, $296,355 in 2022)
- Declining asset base over the past several years (from $2.3M in 2017 to $1.4M in 2023)
Strengths
The following positive indicators were identified for Tourism Cares Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in this area.
- Consistent filing of IRS 990s, demonstrating transparency.
- Maintains a significant asset base ($1,416,459 in 2023) despite recent deficits.
Frequently Asked Questions about Tourism Cares Inc
Is Tourism Cares Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tourism Cares Inc (EIN: 202013457) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Tourism Cares Inc spend its money?
Tourism Cares Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tourism Cares Inc tax-deductible?
Tourism Cares Inc is registered as a tax-exempt nonprofit (EIN: 202013457). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Tourism Cares Inc. financially sustainable given recent deficits?
Tourism Cares Inc. has experienced operational deficits in recent years, with expenses exceeding revenue by $220,618 in 2023 and $296,355 in 2022. While its asset base of $1,416,459 in 2023 provides some buffer, continued deficit spending could impact long-term sustainability if not addressed through increased revenue or expense management.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant strength, indicating that all funds are directed towards the organization's mission and operations rather than executive salaries. This enhances donor trust and demonstrates a strong commitment to efficient resource allocation.
What is the trend in the organization's assets and liabilities?
The organization's assets have generally declined from a high of $2,389,446 in 2017 to $1,416,459 in 2023. Liabilities have fluctuated but remained relatively manageable, at $387,031 in 2023, which is higher than some previous years but not excessively high relative to assets.
Filing History
IRS 990 filing history for Tourism Cares Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tourism Cares Inc's revenue has grown by 42%, moving from $890K to $1.3M. Total assets decreased by 39.4% over the same period, from $2.3M to $1.4M. Total functional expenses rose by 11.1%, from $1.3M to $1.5M. In its most recent filing year (2023), Tourism Cares Inc reported a deficit of $221K, with expenses exceeding revenue. The organization holds $387K in liabilities against $1.4M in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.5M | $1.4M | $387K | — | View 990 |
| 2022 | $1.1M | $1.4M | $1.6M | $357K | — | View 990 |
| 2021 | $1.2M | $1.1M | $2.1M | $407K | — | View 990 |
| 2020 | $918K | $1.2M | $1.7M | $52K | — | — |
| 2019 | $1.4M | $1.5M | $2.0M | $92K | — | View 990 |
| 2018 | $1.6M | $1.8M | $2.0M | $123K | — | View 990 |
| 2017 | $2.1M | $1.6M | $2.4M | $172K | — | View 990 |
| 2016 | $1.5M | $1.5M | $1.9M | $85K | — | View 990 |
| 2015 | $1.7M | $1.4M | $2.4M | $94K | — | View 990 |
| 2014 | $1.4M | $1.4M | $2.4M | $91K | — | View 990 |
| 2013 | $1.3M | $1.2M | $2.6M | $185K | — | View 990 |
| 2012 | $1.0M | $1.3M | $2.3M | $231K | — | View 990 |
| 2011 | $890K | $1.3M | $2.3M | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.5M, and assets of $1.4M (revenue +19.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.4M, and assets of $1.6M (revenue -10.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $2.1M (revenue +27.9% year-over-year).
- 2020: Revenue of $918K, expenses of $1.2M, and assets of $1.7M (revenue -33.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $2.0M (revenue -15.4% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.8M, and assets of $2.0M (revenue -23.0% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.6M, and assets of $2.4M (revenue +41.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $1.9M (revenue -14.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.4M, and assets of $2.4M (revenue +20.6% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $2.4M (revenue +9.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $2.6M (revenue +27.3% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.3M, and assets of $2.3M (revenue +16.2% year-over-year).
- 2011: Revenue of $890K, expenses of $1.3M, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Tourism Cares 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.