Xii Northeast Fishery Sector Inc
EIN: 270247890 · Scituate, MA · NTEE: D33
| Metric | Value |
|---|---|
| Total Revenue | $427K |
| Total Expenses | $75K |
| Net Assets | $-74,219 |
Is Xii Northeast Fishery Sector Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Xii Northeast Fishery Sector Inc
Xii Northeast Fishery Sector Inc (EIN: 270247890) is a nonprofit organization based in Scituate, MA, classified under NTEE code D33. The organization reported total revenue of $427K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Xii Northeast Fishery Sector Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Xii Northeast Fishery Sector Inc is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $75K |
| Surplus / Deficit | $-23,710 |
| Total Assets | $24K |
| Total Liabilities | $99K |
| Net Assets | $-74,219 |
| Operating Margin | -46.2% |
| Debt-to-Asset Ratio | 403.8% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2023, Xii Northeast Fishery Sector Inc reported a deficit of $24K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 403.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Xii Northeast Fishery Sector Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.3% | +35.5% | -42.4% |
| 2022 | -54.2% | -70.9% | -14.6% |
| 2021 | +3.9% | +94.1% | -39.2% |
| 2020 | +20.2% | -26.8% | +54.5% |
| 2019 | -36.0% | -32.7% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Xii Northeast Fishery Sector 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 Xii Northeast Fishery Sector 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 403.8%.
Frequently Asked Questions about Xii Northeast Fishery Sector Inc
Is Xii Northeast Fishery Sector Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Xii Northeast Fishery Sector Inc (EIN: 270247890) insufficient data. 0 red flags identified, 0 strengths noted.
How does Xii Northeast Fishery Sector Inc spend its money?
Detailed spending breakdown data is not yet available for Xii Northeast Fishery Sector Inc. Check back for updated IRS 990 analysis.
Are donations to Xii Northeast Fishery Sector Inc tax-deductible?
Xii Northeast Fishery Sector Inc is registered as a tax-exempt nonprofit (EIN: 270247890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Xii Northeast Fishery Sector Inc located?
Xii Northeast Fishery Sector Inc is headquartered in Scituate, Massachusetts and files with the IRS under EIN 270247890. It is classified under NTEE code D33.
How many years of IRS 990 filings does Xii Northeast Fishery Sector Inc have?
Xii Northeast Fishery Sector Inc has 12 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 $427K in total revenue.
Filing History
IRS 990 filing history for Xii Northeast Fishery Sector Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Xii Northeast Fishery Sector Inc's revenue has declined by 24.9%, moving from $68K to $51K. Total assets decreased by 66.7% over the same period, from $73K to $24K. Total functional expenses rose by 112.5%, from $35K to $75K. In its most recent filing year (2023), Xii Northeast Fishery Sector Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $99K in liabilities against $24K in assets (debt-to-asset ratio: 403.8%), resulting in net assets of $-74,219.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $75K | $24K | $99K | — | View 990 |
| 2022 | $77K | $55K | $42K | $61K | — | View 990 |
| 2021 | $168K | $190K | $50K | $65K | — | View 990 |
| 2020 | $162K | $98K | $82K | $0 | — | View 990 |
| 2019 | $135K | $134K | $53K | $0 | — | View 990 |
| 2018 | $210K | $199K | $52K | $0 | — | View 990 |
| 2017 | $255K | $251K | $40K | $0 | — | View 990 |
| 2016 | $160K | $148K | $13K | $0 | — | View 990 |
| 2014 | $49K | $123K | $1 | $0 | — | View 990 |
| 2013 | $59K | $32K | $130K | $56K | — | View 990 |
| 2012 | $43K | $33K | $67K | $19K | — | View 990 |
| 2011 | $68K | $35K | $73K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $75K, and assets of $24K (revenue -33.3% year-over-year).
- 2022: Revenue of $77K, expenses of $55K, and assets of $42K (revenue -54.2% year-over-year).
- 2021: Revenue of $168K, expenses of $190K, and assets of $50K (revenue +3.9% year-over-year).
- 2020: Revenue of $162K, expenses of $98K, and assets of $82K (revenue +20.2% year-over-year).
- 2019: Revenue of $135K, expenses of $134K, and assets of $53K (revenue -36.0% year-over-year).
- 2018: Revenue of $210K, expenses of $199K, and assets of $52K (revenue -17.4% year-over-year).
- 2017: Revenue of $255K, expenses of $251K, and assets of $40K (revenue +58.8% year-over-year).
- 2016: Revenue of $160K, expenses of $148K, and assets of $13K (revenue +225.6% year-over-year).
- 2014: Revenue of $49K, expenses of $123K, and assets of $1 (revenue -15.9% year-over-year).
- 2013: Revenue of $59K, expenses of $32K, and assets of $130K (revenue +35.4% year-over-year).
- 2012: Revenue of $43K, expenses of $33K, and assets of $67K (revenue -36.7% year-over-year).
- 2011: Revenue of $68K, expenses of $35K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Xii Northeast Fishery Sector Inc:
Data Sources and Methodology
This transparency report for Xii Northeast Fishery Sector 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.