Worcester Common Ground Inc
Worcester Common Ground Inc: Strong Asset Growth, Fluctuating Revenue
EIN: 222976657 · Worcester, MA · NTEE: L53Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 70% |
| Net Assets | $9.4M |
| Transparency Score | 75/100 |
Is Worcester Common Ground Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Worcester Common Ground Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Worcester Common Ground Inc
Worcester Common Ground Inc (EIN: 222976657) is a nonprofit organization based in Worcester, MA, classified under NTEE code L53Z. The organization reported total revenue of $1.8M and total assets of $17.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worcester Common Ground Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worcester Common Ground Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$141K |
| Total Assets | $17.0M |
| Total Liabilities | $7.6M |
| Net Assets | $9.4M |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 44.7% |
| Months of Reserves | 131.7 months |
Financial Health Grade: A
In 2023, Worcester Common Ground Inc reported a surplus of $141K with revenue exceeding expenses, holds 131.7 months of operating reserves (strong position), has a debt-to-asset ratio of 44.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Worcester Common Ground Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.4% | +8.1% | +4.1% |
| 2022 | +38.6% | +20.9% | +16.1% |
| 2021 | +46.7% | -0.4% | +9.8% |
| 2020 | +41.8% | +3.6% | -6.1% |
| 2019 | +2.5% | -0.7% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Worcester Common Ground Inc with a Mission Score of 75 out of 100 (Good). 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: 70%
- fundraising: 15%
According to IRS 990 filings, Worcester Common Ground Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. 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 $141K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is unusual and suggests compensation may be embedded within other expense categories or paid through a related entity, warranting further inquiry.
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 Worcester Common Ground Inc's IRS 990 filings:
- The reported 0% compensation across all years is a significant red flag, requiring clarification on how executive salaries are managed.
- Revenue has fluctuated significantly, from $3,284,426 in 2022 to $1,817,135 in 2023, indicating potential instability in funding streams.
- Expenses have generally remained stable or increased slightly while revenue has been more volatile, leading to periods where expenses exceed revenue.
Strengths
The following positive indicators were identified for Worcester Common Ground Inc:
- The organization demonstrates consistent asset growth, increasing from $11,320,008 in 2016 to $17,627,132 in 2023.
- Long-standing operational history with consistent annual filings since at least 2016.
- Significant asset base provides financial stability and capacity for future initiatives.
Frequently Asked Questions about Worcester Common Ground Inc
Is Worcester Common Ground Inc a legitimate charity?
Worcester Common Ground Inc (EIN: 222976657) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Worcester Common Ground Inc spend its money?
Worcester Common Ground Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Worcester Common Ground Inc tax-deductible?
Worcester Common Ground Inc is registered as a tax-exempt nonprofit (EIN: 222976657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Worcester Common Ground Inc's spending goes to programs?
Worcester Common Ground Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Worcester Common Ground Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Worcester Common Ground Inc is above average for NTEE category L53Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Worcester Common Ground Inc located?
Worcester Common Ground Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 222976657. It is classified under NTEE code L53Z.
How many years of IRS 990 filings does Worcester Common Ground Inc have?
Worcester Common Ground Inc has 13 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 $1.8M in total revenue.
What does Worcester Common Ground Inc do?
Worcester Common Ground Inc is a nonprofit organization in the Housing & Shelter sector, located in Worcester, Massachusetts. It is classified under NTEE code L53Z.
How much revenue does Worcester Common Ground Inc have?
Worcester Common Ground Inc reported total revenue of $1,817,135. Based on 13 IRS 990 filings on record.
What are Worcester Common Ground Inc's total assets?
Worcester Common Ground Inc holds total assets of $17,627,132 as reported in IRS 990 filings.
Where is Worcester Common Ground Inc located?
Worcester Common Ground Inc is based in Worcester, Massachusetts.
What is Worcester Common Ground Inc's EIN?
Worcester Common Ground Inc's Employer Identification Number (EIN) is 222976657. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Worcester Common Ground Inc?
Worcester Common Ground Inc is classified under NTEE code L53Z (Housing & Shelter).
Is Worcester Common Ground Inc a registered 501(c)(3)?
Yes, Worcester Common Ground Inc is recognized as a tax-exempt organization by the IRS. EIN: 222976657.
Does Worcester Common Ground Inc file IRS Form 990?
Yes, Worcester Common Ground Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Worcester Common Ground Inc's revenue in 2023?
In the 202312 filing period, Worcester Common Ground Inc reported total revenue of $1,693,279, total expenses of $1,552,662, and net assets of $17,042,736.
Is Worcester Common Ground Inc's revenue growing or declining?
Worcester Common Ground Inc's revenue is declining. Revenue went from $3,284,426 (202212) to $1,693,279 (202312), a -48.4% change. Based on 13 filings on record.
What is Worcester Common Ground Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Worcester Common Ground Inc covers tax period 202312. It shows revenue of $1,693,279, expenses of $1,552,662, total assets of $17,042,736, and liabilities of $7,621,656.
How much does Worcester Common Ground Inc spend on programs vs administration?
Based on IRS 990 analysis, Worcester Common Ground Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Worcester Common Ground Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Worcester Common Ground Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Worcester Common Ground Inc?
The following concerns were identified: The reported 0% compensation across all years is a significant red flag, requiring clarification on how executive salaries are managed.. Revenue has fluctuated significantly, from $3,284,426 in 2022 to $1,817,135 in 2023, indicating potential instability in funding streams.. Expenses have generally remained stable or increased slightly while revenue has been more volatile, leading to periods where expenses exceed revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Worcester Common Ground Inc's strengths?
Positive indicators for Worcester Common Ground Inc include: The organization demonstrates consistent asset growth, increasing from $11,320,008 in 2016 to $17,627,132 in 2023.. Long-standing operational history with consistent annual filings since at least 2016.. Significant asset base provides financial stability and capacity for future initiatives.. These findings are derived from AI analysis of the organization's financial filings.
How does Worcester Common Ground Inc compensate executives?
Executive compensation is reported as 0% across all available filings, which is unusual and suggests compensation may be embedded within other expense categories or paid through a related entity, warranting further inquiry. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% compensation reported, how does Worcester Common Ground Inc compensate its executive leadership, and is this compensation reflected in other expense categories?
The provided data consistently shows 0% for compensation. This suggests that executive compensation is either paid through a related entity, covered by grants that are not itemized as compensation, or is included within broader administrative or program expenses without specific disclosure. Further investigation into their IRS Form 990 would be necessary to clarify this.
What factors contributed to the significant revenue decrease from $3,284,426 in 2022 to $1,817,135 in 2023, and what strategies are in place to stabilize future revenue?
The provided data does not specify the reasons for the revenue fluctuation. Potential factors could include the completion of specific grants, changes in fundraising success, or economic shifts affecting donations. To understand stabilization strategies, one would need to review their annual reports or strategic plans.
Filing History
IRS 990 filing history for Worcester Common Ground Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Worcester Common Ground Inc's revenue has grown by 23.6%, moving from $1.4M to $1.7M. Total assets increased by 42.6% over the same period, from $12.0M to $17.0M. Total functional expenses rose by 32.4%, from $1.2M to $1.6M. In its most recent filing year (2023), Worcester Common Ground Inc reported a surplus of $141K, with revenue exceeding expenses. The organization holds $7.6M in liabilities against $17.0M in assets (debt-to-asset ratio: 44.7%), resulting in net assets of $9.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.6M | $17.0M | $7.6M | — | — |
| 2022 | $3.3M | $1.4M | $16.4M | $7.1M | — | View 990 |
| 2021 | $2.4M | $1.2M | $14.1M | $6.0M | — | View 990 |
| 2020 | $1.6M | $1.2M | $12.8M | $5.9M | — | View 990 |
| 2019 | $1.1M | $1.2M | $13.7M | $7.2M | — | View 990 |
| 2018 | $1.1M | $1.2M | $12.8M | $6.3M | — | View 990 |
| 2017 | $972K | $1.1M | $11.6M | $5.0M | — | View 990 |
| 2016 | $847K | $1.1M | $11.3M | $8.0M | — | View 990 |
| 2015 | $1.2M | $1.0M | $10.9M | $7.4M | — | View 990 |
| 2014 | $1.0M | $1.0M | $10.9M | $7.6M | — | View 990 |
| 2012 | $1.0M | $1.1M | $11.4M | $7.8M | — | View 990 |
| 2011 | $632K | $696K | $12.0M | $8.4M | — | View 990 |
| 2011 | $1.4M | $1.2M | $12.0M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $17.0M (revenue -48.4% year-over-year).
- 2022: Revenue of $3.3M, expenses of $1.4M, and assets of $16.4M (revenue +38.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.2M, and assets of $14.1M (revenue +46.7% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.2M, and assets of $12.8M (revenue +41.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $13.7M (revenue +2.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $12.8M (revenue +14.3% year-over-year).
- 2017: Revenue of $972K, expenses of $1.1M, and assets of $11.6M (revenue +14.8% year-over-year).
- 2016: Revenue of $847K, expenses of $1.1M, and assets of $11.3M (revenue -31.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.0M, and assets of $10.9M (revenue +19.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $10.9M (revenue -1.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $11.4M (revenue +65.1% year-over-year).
- 2011: Revenue of $632K, expenses of $696K, and assets of $12.0M (revenue -53.9% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.2M, and assets of $12.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worcester Common Ground Inc:
Data Sources and Methodology
This transparency report for Worcester Common Ground 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.