Area Congregations Together Inc
Area Congregations Together Inc: Consistent Revenue, Declining Assets, and Moderate Transparency
EIN: 222653859 · Shelton, CT · NTEE: L41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| Net Assets | $3.3M |
| Transparency Score | 75/100 |
Is Area Congregations Together Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Area Congregations Together Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Area Congregations Together Inc
Area Congregations Together Inc (EIN: 222653859) is a nonprofit organization based in Shelton, CT, classified under NTEE code L41Z. The organization reported total revenue of $1.3M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Area Congregations Together Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Area Congregations Together Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $985K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-90,196 |
| Total Assets | $3.6M |
| Total Liabilities | $232K |
| Net Assets | $3.3M |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 39.8 months |
Financial Health Grade: B
In 2023, Area Congregations Together Inc reported a deficit of $90K with expenses exceeding revenue, holds 39.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Area Congregations Together Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +9.6% | -3.1% |
| 2022 | +7.2% | +7.7% | -3.8% |
| 2021 | -18.4% | -4.0% | -3.5% |
| 2020 | +12.5% | -7.8% | -0.2% |
| 2019 | -4.3% | -5.2% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Area Congregations Together Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Area Congregations Together Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $90K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific salary figures from the filings.
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 Area Congregations Together Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $4,319,563 in 2017 to $3,567,614 in 2023, indicating potential long-term financial erosion or asset divestment.
- Expenses have frequently exceeded revenue in recent years (e.g., 2023: revenue $984,914, expenses $1,075,110; 2022: revenue $926,260, expenses $981,360), suggesting reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for Area Congregations Together Inc:
- The organization has maintained a relatively stable revenue stream over the past several years, generally around $900,000 to $1,000,000 annually.
- The organization consistently reports 0% lobbying costs, indicating a focus on direct service rather than political advocacy.
Frequently Asked Questions about Area Congregations Together Inc
Is Area Congregations Together Inc a legitimate charity?
Area Congregations Together Inc (EIN: 222653859) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Area Congregations Together Inc spend its money?
Area Congregations Together Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Area Congregations Together Inc tax-deductible?
Area Congregations Together Inc is registered as a tax-exempt nonprofit (EIN: 222653859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Area Congregations Together Inc's spending goes to programs?
Area Congregations Together Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Area Congregations Together Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Area Congregations Together Inc is above average for NTEE category L41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Area Congregations Together Inc located?
Area Congregations Together Inc is headquartered in Shelton, Connecticut and files with the IRS under EIN 222653859. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does Area Congregations Together Inc have?
Area Congregations 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 $1.3M in total revenue.
What does Area Congregations Together Inc do?
Area Congregations Together Inc is a nonprofit organization in the Housing & Shelter sector, located in Shelton, Connecticut. It is classified under NTEE code L41Z.
How much revenue does Area Congregations Together Inc have?
Area Congregations Together Inc reported total revenue of $1,278,574. Based on 13 IRS 990 filings on record.
What are Area Congregations Together Inc's total assets?
Area Congregations Together Inc holds total assets of $3,686,367 as reported in IRS 990 filings.
Where is Area Congregations Together Inc located?
Area Congregations Together Inc is based in Shelton, Connecticut.
What is Area Congregations Together Inc's EIN?
Area Congregations Together Inc's Employer Identification Number (EIN) is 222653859. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Area Congregations Together Inc?
Area Congregations Together Inc is classified under NTEE code L41Z (Housing & Shelter).
Is Area Congregations Together Inc a registered 501(c)(3)?
Yes, Area Congregations Together Inc is recognized as a tax-exempt organization by the IRS. EIN: 222653859.
Does Area Congregations Together Inc file IRS Form 990?
Yes, Area Congregations Together Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Area Congregations Together Inc's revenue in 2023?
In the 202309 filing period, Area Congregations Together Inc reported total revenue of $984,914, total expenses of $1,075,110, and net assets of $3,567,614.
Is Area Congregations Together Inc's revenue growing or declining?
Area Congregations Together Inc's revenue is growing. Revenue went from $926,260 (202209) to $984,914 (202309), a +6.3% change. Based on 13 filings on record.
What is Area Congregations Together Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Area Congregations Together Inc covers tax period 202309. It shows revenue of $984,914, expenses of $1,075,110, total assets of $3,567,614, and liabilities of $231,690.
How much does Area Congregations Together Inc spend on programs vs administration?
Based on IRS 990 analysis, Area Congregations Together Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Area Congregations Together Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Area Congregations Together Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Area Congregations Together Inc?
The following concerns were identified: Total assets have shown a consistent decline from $4,319,563 in 2017 to $3,567,614 in 2023, indicating potential long-term financial erosion or asset divestment.. Expenses have frequently exceeded revenue in recent years (e.g., 2023: revenue $984,914, expenses $1,075,110; 2022: revenue $926,260, expenses $981,360), suggesting reliance on reserves or other funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Area Congregations Together Inc's strengths?
Positive indicators for Area Congregations Together Inc include: The organization has maintained a relatively stable revenue stream over the past several years, generally around $900,000 to $1,000,000 annually.. The organization consistently reports 0% lobbying costs, indicating a focus on direct service rather than political advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Area Congregations Together Inc compensate executives?
Executive compensation cannot be assessed without specific salary figures from the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contribute to the consistent decline in total assets from $4,319,563 in 2017 to $3,567,614 in 2023, despite relatively stable revenue?
The decline in assets could be due to several factors, including consistent operational deficits where expenses exceed revenue, depreciation of fixed assets, or strategic divestment of non-programmatic assets. Further analysis of the balance sheet and cash flow statements would be needed to pinpoint the exact causes.
Filing History
IRS 990 filing history for Area Congregations Together Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Area Congregations Together Inc's revenue has grown by 44.2%, moving from $683K to $985K. Total assets decreased by 31.4% over the same period, from $5.2M to $3.6M. Total functional expenses rose by 38.3%, from $778K to $1.1M. In its most recent filing year (2023), Area Congregations Together Inc reported a deficit of $90K, with expenses exceeding revenue. The organization holds $232K in liabilities against $3.6M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $985K | $1.1M | $3.6M | $232K | — | — |
| 2022 | $926K | $981K | $3.7M | $256K | — | — |
| 2021 | $864K | $911K | $3.8M | $346K | — | View 990 |
| 2020 | $1.1M | $949K | $4.0M | $437K | — | — |
| 2019 | $940K | $1.0M | $4.0M | $554K | — | View 990 |
| 2018 | $983K | $1.1M | $4.2M | $649K | — | View 990 |
| 2017 | $1.3M | $1.2M | $4.3M | $710K | — | View 990 |
| 2016 | $1.1M | $1.2M | $4.3M | $788K | — | View 990 |
| 2015 | $998K | $1.2M | $4.5M | $872K | — | View 990 |
| 2014 | $1.0M | $1.1M | $4.7M | $973K | — | View 990 |
| 2013 | $758K | $784K | $4.9M | $1.0M | — | View 990 |
| 2012 | $696K | $809K | $5.0M | $1.1M | — | View 990 |
| 2011 | $683K | $778K | $5.2M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $985K, expenses of $1.1M, and assets of $3.6M (revenue +6.3% year-over-year).
- 2022: Revenue of $926K, expenses of $981K, and assets of $3.7M (revenue +7.2% year-over-year).
- 2021: Revenue of $864K, expenses of $911K, and assets of $3.8M (revenue -18.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $949K, and assets of $4.0M (revenue +12.5% year-over-year).
- 2019: Revenue of $940K, expenses of $1.0M, and assets of $4.0M (revenue -4.3% year-over-year).
- 2018: Revenue of $983K, expenses of $1.1M, and assets of $4.2M (revenue -23.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $4.3M (revenue +18.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $4.3M (revenue +8.2% year-over-year).
- 2015: Revenue of $998K, expenses of $1.2M, and assets of $4.5M (revenue -0.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $4.7M (revenue +32.1% year-over-year).
- 2013: Revenue of $758K, expenses of $784K, and assets of $4.9M (revenue +8.8% year-over-year).
- 2012: Revenue of $696K, expenses of $809K, and assets of $5.0M (revenue +2.0% year-over-year).
- 2011: Revenue of $683K, expenses of $778K, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Area Congregations Together Inc:
Data Sources and Methodology
This transparency report for Area Congregations 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.