Is Southeastern Connecticut Enterprise Region Corporation Legit?
Quick charity verification for Southeastern Connecticut Enterprise Region Corporation (EIN: 222973506)
Verdict: Southeastern Connecticut Enterprise Region Corporation appears trustworthy
75/100Mission Score
$3.3MRevenue
$9.8MAssets
2Red Flags
3Strengths
Red Flags
Significant fluctuations in revenue, from $1,127,705 in 2018 to $3,307,605 in 2024, indicate potential instability in funding streams.
The organization reported $0 in contributions for all years provided, suggesting reliance on other revenue sources like program service fees or government grants.
Strengths
Consistently strong asset base, growing from $6,753,780 in 2019 to $9,839,274 in 2024, indicating good financial health and capacity.
Positive net assets (assets exceeding liabilities) in all reported years, demonstrating financial solvency.
The organization has consistently managed to keep liabilities relatively low compared to assets.
Spending Breakdown
How Southeastern Connecticut Enterprise Region Corporation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Southeastern Connecticut Enterprise Region Corporation
Is Southeastern Connecticut Enterprise Region Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Connecticut Enterprise Region Corporation (EIN: 222973506) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Southeastern Connecticut Enterprise Region Corporation a good charity to donate to?
Southeastern Connecticut Enterprise Region Corporation has a Mission Score of 75/100. Revenue: $3.3M. Assets: $9.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southeastern Connecticut Enterprise Region Corporation?
The Employer Identification Number (EIN) for Southeastern Connecticut Enterprise Region Corporation is 222973506. 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 Southeastern Connecticut Enterprise Region Corporation spend its money?
Southeastern Connecticut Enterprise Region Corporation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southeastern Connecticut Enterprise Region Corporation's tax-exempt status?
You can verify Southeastern Connecticut Enterprise Region Corporation's tax-exempt status using EIN 222973506 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
Southeastern Connecticut Enterprise Region Corporation is a unknown nonprofit based in Groton, Connecticut, with reported revenue of $3.3M and assets of $9.8M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information from their 990 filings. Revenue has grown +257% across 13 filing periods.