Advancing Connecticut Together Inc
Advancing Connecticut Together Inc: Strong Growth, Program Focus, and Transparent Operations
EIN: 223014883 · Hartford, CT · NTEE: G81Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.4M |
| Total Expenses | $13.0M |
| Program Spending | 88% |
| Net Assets | $3.7M |
| Transparency Score | 88/100 |
Is Advancing Connecticut Together Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Advancing Connecticut Together Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Advancing Connecticut Together Inc
Advancing Connecticut Together Inc (EIN: 223014883) is a nonprofit organization based in Hartford, CT, classified under NTEE code G81Z. The organization reported total revenue of $12.4M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advancing Connecticut Together Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advancing Connecticut Together Inc is a large nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.5M |
| Total Expenses | $13.0M |
| Surplus / Deficit | +$491K |
| Total Assets | $6.5M |
| Total Liabilities | $2.8M |
| Net Assets | $3.7M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 43.0% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Advancing Connecticut Together Inc reported a surplus of $491K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 43.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Advancing Connecticut Together Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.7% | +30.7% | +13.3% |
| 2022 | -15.4% | -13.5% | +82.5% |
| 2021 | +37.8% | +36.5% | +26.3% |
| 2020 | +31.9% | +31.2% | +5.4% |
| 2019 | +22.7% | +23.4% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Advancing Connecticut Together Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Advancing Connecticut Together Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $491K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific compensation figures for executives are not included in the financial summary.
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.
Strengths
The following positive indicators were identified for Advancing Connecticut Together Inc:
- Consistent revenue growth from $5,316,188 in 2018 to $13,515,660 in 2023 demonstrates strong financial health and increasing impact.
- A high percentage of spending (88%) is allocated to programs, indicating a strong commitment to its mission.
- Healthy asset growth from $2,206,528 in 2018 to $6,458,848 in 2023 suggests effective financial management and capacity building.
- Low administrative and fundraising costs (7% and 5% respectively) indicate efficient operations.
- The organization has consistently maintained a positive net income, as evidenced by revenue exceeding expenses in most years.
Frequently Asked Questions about Advancing Connecticut Together Inc
Is Advancing Connecticut Together Inc a legitimate charity?
Advancing Connecticut Together Inc (EIN: 223014883) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.4M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Advancing Connecticut Together Inc spend its money?
Advancing Connecticut Together Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Advancing Connecticut Together Inc tax-deductible?
Advancing Connecticut Together Inc is registered as a tax-exempt nonprofit (EIN: 223014883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Advancing Connecticut Together Inc's spending goes to programs?
Advancing Connecticut Together Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Advancing Connecticut Together Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Advancing Connecticut Together Inc is above average for NTEE category G81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Advancing Connecticut Together Inc located?
Advancing Connecticut Together Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 223014883. It is classified under NTEE code G81Z.
How many years of IRS 990 filings does Advancing Connecticut Together Inc have?
Advancing Connecticut Together Inc has 13 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 $12.4M in total revenue.
What does Advancing Connecticut Together Inc do?
Advancing Connecticut Together Inc is a nonprofit organization in the Diseases, Disorders & Medical Disciplines sector, located in Hartford, Connecticut. It is classified under NTEE code G81Z.
How much revenue does Advancing Connecticut Together Inc have?
Advancing Connecticut Together Inc reported total revenue of $12,352,705. Based on 13 IRS 990 filings on record.
What are Advancing Connecticut Together Inc's total assets?
Advancing Connecticut Together Inc holds total assets of $8,412,512 as reported in IRS 990 filings.
Where is Advancing Connecticut Together Inc located?
Advancing Connecticut Together Inc is based in Hartford, Connecticut.
What is Advancing Connecticut Together Inc's EIN?
Advancing Connecticut Together Inc's Employer Identification Number (EIN) is 223014883. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Advancing Connecticut Together Inc?
Advancing Connecticut Together Inc is classified under NTEE code G81Z (Diseases, Disorders & Medical Disciplines).
Is Advancing Connecticut Together Inc a registered 501(c)(3)?
Yes, Advancing Connecticut Together Inc is recognized as a tax-exempt organization by the IRS. EIN: 223014883.
Does Advancing Connecticut Together Inc file IRS Form 990?
Yes, Advancing Connecticut Together Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Advancing Connecticut Together Inc's revenue in 2023?
In the 202312 filing period, Advancing Connecticut Together Inc reported total revenue of $13,515,660, total expenses of $13,024,870, and net assets of $6,458,848.
Is Advancing Connecticut Together Inc's revenue growing or declining?
Advancing Connecticut Together Inc's revenue is growing. Revenue went from $10,033,477 (202212) to $13,515,660 (202312), a +34.7% change. Based on 13 filings on record.
What is Advancing Connecticut Together Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Advancing Connecticut Together Inc covers tax period 202312. It shows revenue of $13,515,660, expenses of $13,024,870, total assets of $6,458,848, and liabilities of $2,776,456.
How much does Advancing Connecticut Together Inc spend on programs vs administration?
Based on IRS 990 analysis, Advancing Connecticut Together Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Advancing Connecticut Together Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Advancing Connecticut Together Inc appears trustworthy. Mission Score: 88/100 (Excellent). No red flags identified. 5 strengths noted.
What are Advancing Connecticut Together Inc's strengths?
Positive indicators for Advancing Connecticut Together Inc include: Consistent revenue growth from $5,316,188 in 2018 to $13,515,660 in 2023 demonstrates strong financial health and increasing impact.. A high percentage of spending (88%) is allocated to programs, indicating a strong commitment to its mission.. Healthy asset growth from $2,206,528 in 2018 to $6,458,848 in 2023 suggests effective financial management and capacity building.. Low administrative and fundraising costs (7% and 5% respectively) indicate efficient operations.. The organization has consistently maintained a positive net income, as evidenced by revenue exceeding expenses in most years.. These findings are derived from AI analysis of the organization's financial filings.
How does Advancing Connecticut Together Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific compensation figures for executives are not included in the financial summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to nearly triple its revenue from $5,316,188 in 2018 to $13,515,660 in 2023 while maintaining a high program spending ratio?
The significant revenue growth, coupled with a consistent program spending ratio, suggests effective grant acquisition, donor engagement, or expansion of services. This indicates strong operational capacity to scale impact without disproportionately increasing overhead.
What factors contributed to the substantial increase in assets from $2,206,528 in 2018 to $6,458,848 in 2023, and how are these assets being utilized to further the mission?
The substantial asset growth likely stems from consistent positive net income and potentially strategic investments or capital campaigns. These assets could be used to build reserves, acquire property, invest in technology, or expand program infrastructure, all of which enhance long-term sustainability and impact.
Filing History
IRS 990 filing history for Advancing Connecticut Together Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Advancing Connecticut Together Inc's revenue has grown by 399.6%, moving from $2.7M to $13.5M. Total assets increased by 792.9% over the same period, from $723K to $6.5M. Total functional expenses rose by 386.7%, from $2.7M to $13.0M. In its most recent filing year (2023), Advancing Connecticut Together Inc reported a surplus of $491K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $6.5M in assets (debt-to-asset ratio: 43.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.5M | $13.0M | $6.5M | $2.8M | — | — |
| 2022 | $10.0M | $10.0M | $5.7M | $3.6M | — | View 990 |
| 2021 | $11.9M | $11.5M | $3.1M | $1.0M | — | View 990 |
| 2020 | $8.6M | $8.4M | $2.5M | $849K | — | View 990 |
| 2019 | $6.5M | $6.4M | $2.3M | $901K | — | View 990 |
| 2018 | $5.3M | $5.2M | $2.2M | $964K | — | View 990 |
| 2017 | $5.2M | $5.1M | $2.2M | $991K | — | View 990 |
| 2016 | $4.9M | $4.9M | $2.1M | $1.1M | — | View 990 |
| 2015 | $5.0M | $4.9M | $1.7M | $626K | — | View 990 |
| 2014 | $5.8M | $5.9M | $1.8M | $830K | — | View 990 |
| 2013 | $4.2M | $4.2M | $2.3M | $1.3M | — | View 990 |
| 2012 | $1.9M | $1.9M | $653K | $77K | — | View 990 |
| 2011 | $2.7M | $2.7M | $723K | $183K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.5M, expenses of $13.0M, and assets of $6.5M (revenue +34.7% year-over-year).
- 2022: Revenue of $10.0M, expenses of $10.0M, and assets of $5.7M (revenue -15.4% year-over-year).
- 2021: Revenue of $11.9M, expenses of $11.5M, and assets of $3.1M (revenue +37.8% year-over-year).
- 2020: Revenue of $8.6M, expenses of $8.4M, and assets of $2.5M (revenue +31.9% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.4M, and assets of $2.3M (revenue +22.7% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.2M, and assets of $2.2M (revenue +2.4% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.1M, and assets of $2.2M (revenue +6.3% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.9M, and assets of $2.1M (revenue -1.9% year-over-year).
- 2015: Revenue of $5.0M, expenses of $4.9M, and assets of $1.7M (revenue -13.9% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.9M, and assets of $1.8M (revenue +38.2% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.2M, and assets of $2.3M (revenue +115.8% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $653K (revenue -28.4% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $723K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advancing Connecticut Together Inc:
Data Sources and Methodology
This transparency report for Advancing Connecticut Together 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.