Quick charity verification for New Haven Festivals Inc (EIN: 223149569)
Verdict: New Haven Festivals Inc appears trustworthy
85/100Mission Score
$308KRevenue
$328KAssets
1Red Flags
1Strengths
Red Flags
No detailed breakdown of administrative costs provided.
Strengths
Balanced spending across programs and administration.
Spending Breakdown
How New Haven Festivals Inc allocates its funds across programs, administration, and fundraising.
52%
Program Spending
Below average — room for improvement
32%
Admin Costs
High — over 25% on administration
16%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Haven Festivals Inc
Is New Haven Festivals Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Haven Festivals Inc (EIN: 223149569) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 1 strength noted.
Is New Haven Festivals Inc a good charity to donate to?
New Haven Festivals Inc has a Mission Score of 85/100. Revenue: $308K. Assets: $328K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Haven Festivals Inc?
The Employer Identification Number (EIN) for New Haven Festivals Inc is 223149569. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Haven Festivals Inc spend its money?
New Haven Festivals Inc allocates 52% to programs, 32% to administration, and 16% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Haven Festivals Inc's tax-exempt status?
You can verify New Haven Festivals Inc's tax-exempt status using EIN 223149569 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
New Haven Festivals Inc is a recreation & sports nonprofit based in New Haven, Connecticut, with reported revenue of $308K and assets of $328K. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 52% of spending goes to programs, 32% to administration, and 16% to fundraising. 1. Detailed program expenses are provided, but no breakdown of administrative costs. 2. Fundraising expenses are consistently low, indicating a focus on community support rather than large-scale fundraising efforts. Executive compensation remains stable, with no significant changes over the past five years. Revenue has grown +19% across 14 filing periods.