Is Northwest Connecticut Chambereducation Foundation Inc Legit?

Quick charity verification for Northwest Connecticut Chambereducation Foundation Inc (EIN: 208919128)

Verdict: Northwest Connecticut Chambereducation Foundation Inc shows mixed signals

45/100Mission Score

$7KRevenue

$28KAssets

4Red Flags

2Strengths

Red Flags

Consistent operating deficits (e.g., $760 deficit in 2023, $435 in 2022, $104 in 2021)
Significant decline in annual revenue from $112,881 in 2015 to $6,542 in 2023
Declining asset base from $37,033 in 2018 to $23,471 in 2023
Liabilities ($10,933 in 2023) represent a substantial portion of total assets ($23,471)

Strengths

No officer compensation reported, indicating volunteer leadership and potentially lower administrative overhead.
Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.

Spending Breakdown

How Northwest Connecticut Chambereducation Foundation Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Northwest Connecticut Chambereducation Foundation Inc

Is Northwest Connecticut Chambereducation Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Northwest Connecticut Chambereducation Foundation Inc (EIN: 208919128) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.

Is Northwest Connecticut Chambereducation Foundation Inc a good charity to donate to?

Northwest Connecticut Chambereducation Foundation Inc has a Mission Score of 45/100. Revenue: $7K. Assets: $28K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Northwest Connecticut Chambereducation Foundation Inc?

The Employer Identification Number (EIN) for Northwest Connecticut Chambereducation Foundation Inc is 208919128. 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 Northwest Connecticut Chambereducation Foundation Inc spend its money?

Northwest Connecticut Chambereducation Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Northwest Connecticut Chambereducation Foundation Inc's tax-exempt status?

You can verify Northwest Connecticut Chambereducation Foundation Inc's tax-exempt status using EIN 208919128 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

The Northwest Connecticut Chambereducation Foundation Inc. exhibits a concerning trend of declining revenue and consistent operating deficits in recent years. For instance, in 2023, the organization reported revenue of $6,542 against expenses of $7,302, resulting in a deficit. This pattern of spending more than it earns has been observed in multiple recent periods, including 2022 ($9,574 revenue vs. $10,009 expenses) and 2021 ($5,673 revenue vs. $5,777 expenses). While the organization's assets of $27,989 provide some buffer, the persistent deficits are eroding its financial stability, as evidenced by the decrease in assets from $37,033 in 2018 to $23,471 in 2023. The organization's liabilities have also remained significant, reaching $10,933 in 2023, which is a substantial portion of its assets.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational losses suggest that current revenue streams are insufficient to cover its expenditures. The lack of officer compensation reported across all filings indicates a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial trajectory raises questions about long-term sustainability. The organization's transparency is generally good through its consistent IRS 990 filings, but the lack of detailed expense categories limits a deeper analysis of how funds are allocated.

Overall, the foundation appears to be in a precarious financial position, marked by shrinking revenue, consistent deficits, and declining assets. While the absence of executive compensation is a positive, the organization needs to address its revenue generation and expense management to ensure its continued viability and impact.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.