Upper Shore Workforce Investment Board Inc
EIN: 521322287 · Wye Mills, MD
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.3M |
| Net Assets | $6K |
Is Upper Shore Workforce Investment Board Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Upper Shore Workforce Investment Board Inc
Upper Shore Workforce Investment Board Inc (EIN: 521322287) is a nonprofit organization based in Wye Mills, MD. The organization reported total revenue of $1.9M and total assets of $289K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upper Shore Workforce Investment Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upper Shore Workforce Investment Board Inc is a mid-size nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-1,593 |
| Total Assets | $498K |
| Total Liabilities | $493K |
| Net Assets | $6K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 98.9% |
| Months of Reserves | 2.5 months |
Financial Health Grade: D
In 2024, Upper Shore Workforce Investment Board Inc reported a deficit of $2K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 98.9% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Upper Shore Workforce Investment Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.8% | -12.8% | -18.7% |
| 2023 | +23.2% | +23.8% | -55.5% |
| 2022 | +69.3% | +64.4% | +219.2% |
| 2021 | -14.8% | -5.7% | +108.6% |
| 2020 | -4.4% | -10.6% | -43.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Upper Shore Workforce Investment Board Inc 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 Upper Shore Workforce Investment Board Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.9%.
Frequently Asked Questions about Upper Shore Workforce Investment Board Inc
Is Upper Shore Workforce Investment Board Inc a legitimate charity?
Upper Shore Workforce Investment Board Inc (EIN: 521322287) is a registered tax-exempt nonprofit based in Maryland. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: D.
How does Upper Shore Workforce Investment Board Inc spend its money?
Upper Shore Workforce Investment Board Inc reported $1.9M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Upper Shore Workforce Investment Board Inc tax-deductible?
Upper Shore Workforce Investment Board Inc is registered as a tax-exempt nonprofit (EIN: 521322287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Upper Shore Workforce Investment Board Inc located?
Upper Shore Workforce Investment Board Inc is headquartered in Wye Mills, Maryland and files with the IRS under EIN 521322287.
How many years of IRS 990 filings does Upper Shore Workforce Investment Board Inc have?
Upper Shore Workforce Investment Board Inc has 14 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Upper Shore Workforce Investment Board Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Upper Shore Workforce Investment Board Inc's revenue has grown by 17.6%, moving from $2.0M to $2.3M. Total assets decreased by 1.5% over the same period, from $506K to $498K. Total functional expenses rose by 16%, from $2.0M to $2.3M. In its most recent filing year (2024), Upper Shore Workforce Investment Board Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $493K in liabilities against $498K in assets (debt-to-asset ratio: 98.9%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $2.3M | $498K | $493K | — | — |
| 2023 | $2.7M | $2.7M | $613K | $606K | — | View 990 |
| 2022 | $2.2M | $2.2M | $1.4M | $1.3M | — | View 990 |
| 2021 | $1.3M | $1.3M | $432K | $381K | — | — |
| 2020 | $1.5M | $1.4M | $207K | $110K | — | View 990 |
| 2019 | $1.6M | $1.6M | $367K | $367K | — | View 990 |
| 2018 | $1.7M | $1.7M | $459K | $459K | — | — |
| 2017 | $1.4M | $1.4M | $347K | $347K | — | View 990 |
| 2016 | $1.2M | $1.2M | $266K | $266K | — | View 990 |
| 2015 | $1.5M | $1.6M | $319K | $309K | — | View 990 |
| 2014 | $1.7M | $1.8M | $395K | $356K | — | View 990 |
| 2013 | $1.5M | $1.6M | $374K | $307K | — | View 990 |
| 2012 | $1.9M | $1.9M | $558K | $462K | — | View 990 |
| 2011 | $2.0M | $2.0M | $506K | $381K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.3M, expenses of $2.3M, and assets of $498K (revenue -11.8% year-over-year).
- 2023: Revenue of $2.7M, expenses of $2.7M, and assets of $613K (revenue +23.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $1.4M (revenue +69.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $432K (revenue -14.8% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $207K (revenue -4.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $367K (revenue -6.9% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $459K (revenue +19.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $347K (revenue +17.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $266K (revenue -21.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $319K (revenue -12.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $395K (revenue +12.7% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $374K (revenue -16.9% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $558K (revenue -7.1% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.0M, and assets of $506K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upper Shore Workforce Investment Board Inc:
Data Sources and Methodology
This transparency report for Upper Shore Workforce Investment Board 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.