5 C Corporation
5 C Corporation consistently reports zero expenses despite significant revenue and assets.
EIN: 200763050 · New Haven, CT · NTEE: T30 · Updated: 2026-03-28
Is 5 C Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 5 C Corporation
5 C Corporation (EIN: 200763050) is a nonprofit organization based in New Haven, CT, classified under NTEE code T30. The organization reported total revenue of $2.9M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 5 C Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
5 C Corporation is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $537K |
| Total Expenses | $0 |
| Surplus / Deficit | +$537K |
| Total Assets | $6.4M |
| Net Assets | $6.4M |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, 5 C Corporation reported a surplus of $537K with revenue exceeding expenses.
Financial Trends
Over 13 years of filings (2011–2023), 5 C Corporation's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.6% | — | -22.5% |
| 2022 | -18.8% | — | -14.5% |
| 2021 | -53.2% | — | -49.4% |
| 2020 | +983.1% | — | +15.1% |
| 2019 | -87.6% | — | -39.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 5 C Corporation with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, 5 C Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with significant assets and revenue, suggesting either a fully volunteer-run leadership or incomplete disclosure.
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 5 C Corporation's IRS 990 filings:
- Consistent reporting of $0 expenses across all filings (2014-2023), making financial analysis impossible.
- Significant revenue and asset figures with no corresponding reported expenditures.
- Lack of transparency regarding how funds are utilized due to missing expense data.
- Consistent reporting of $0 liabilities and 0% officer compensation despite substantial assets.
Strengths
The following positive indicators were identified for 5 C Corporation:
- Maintains substantial assets, with a peak of $28.9 million in 2014 and $7.6 million currently, indicating financial stability in terms of holdings.
Frequently Asked Questions about 5 C Corporation
Is 5 C Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, 5 C Corporation (EIN: 200763050) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does 5 C Corporation spend its money?
Detailed spending breakdown data is not yet available for 5 C Corporation. Check back for updated IRS 990 analysis.
Are donations to 5 C Corporation tax-deductible?
5 C Corporation is registered as a tax-exempt nonprofit (EIN: 200763050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does 5 C Corporation operate without reporting any expenses?
The IRS 990 data for 5 C Corporation consistently shows $0 in reported expenses across all available periods (2014-2023), despite reporting significant revenue and assets. This is highly unusual and suggests either a unique operational model, potential errors in reporting, or that the organization's activities are not being captured in the expense section of the 990.
What activities does 5 C Corporation engage in if no expenses are reported?
Without reported expenses, it is impossible to determine what specific programmatic or administrative activities 5 C Corporation undertakes. The NTEE code T30 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests it might be a grantmaking entity, but even grantmaking typically involves administrative costs and grants paid out, which would be reported as expenses.
Is 5 C Corporation transparent with its financial reporting?
The consistent reporting of zero expenses significantly hinders transparency. While revenue and asset figures are provided, the absence of expense details makes it impossible for the public to understand how funds are being used, making the organization appear less transparent than typical nonprofits.
How does 5 C Corporation manage its assets without incurring liabilities or officer compensation?
The organization consistently reports $0 in liabilities and 0% officer compensation. While possible for a very small, volunteer-run entity, it is highly unusual for an organization with assets ranging from $6 million to $28 million. This raises questions about the management structure and financial practices.
Filing History
IRS 990 filing history for 5 C Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 5 C Corporation's revenue has declined by 77.4%, moving from $2.4M to $537K. Total assets decreased by 58.3% over the same period, from $15.3M to $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $537K | $0 | $6.4M | $0 | — | — |
| 2022 | $1.6M | $0 | $8.2M | $0 | — | View 990 |
| 2021 | $1.9M | $0 | $9.6M | $0 | — | View 990 |
| 2020 | $4.1M | $0 | $19.0M | $0 | — | View 990 |
| 2019 | $379K | $0 | $16.5M | $0 | — | View 990 |
| 2018 | $3.0M | $0 | $27.1M | $0 | — | View 990 |
| 2017 | $1.5M | $0 | $26.7M | $0 | — | View 990 |
| 2016 | $3.6M | $0 | $28.3M | $0 | — | View 990 |
| 2015 | $2.9M | $0 | $27.2M | $0 | — | View 990 |
| 2014 | $5.7M | $0 | $29.0M | $0 | — | View 990 |
| 2013 | $2.8M | $0 | $25.2M | $0 | — | View 990 |
| 2012 | $821K | $0 | $15.6M | $0 | — | View 990 |
| 2011 | $2.4M | $0 | $15.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $537K, expenses of $0, and assets of $6.4M (revenue -65.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $0, and assets of $8.2M (revenue -18.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $0, and assets of $9.6M (revenue -53.2% year-over-year).
- 2020: Revenue of $4.1M, expenses of $0, and assets of $19.0M (revenue +983.1% year-over-year).
- 2019: Revenue of $379K, expenses of $0, and assets of $16.5M (revenue -87.6% year-over-year).
- 2018: Revenue of $3.0M, expenses of $0, and assets of $27.1M (revenue +98.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $0, and assets of $26.7M (revenue -56.8% year-over-year).
- 2016: Revenue of $3.6M, expenses of $0, and assets of $28.3M (revenue +20.7% year-over-year).
- 2015: Revenue of $2.9M, expenses of $0, and assets of $27.2M (revenue -48.4% year-over-year).
- 2014: Revenue of $5.7M, expenses of $0, and assets of $29.0M (revenue +106.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $0, and assets of $25.2M (revenue +237.0% year-over-year).
- 2012: Revenue of $821K, expenses of $0, and assets of $15.6M (revenue -65.4% year-over-year).
- 2011: Revenue of $2.4M, expenses of $0, and assets of $15.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 5 C Corporation:
Data Sources and Methodology
This transparency report for 5 C Corporation 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.