Candlewood Tax District
EIN: 60975672 · Sherman, CT
| Metric | Value |
|---|---|
| Total Revenue | $249K |
| Total Expenses | $279K |
Is Candlewood Tax District Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Candlewood Tax District
Candlewood Tax District (EIN: 60975672) is a nonprofit organization based in Sherman, CT. The organization reported total revenue of $249K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Candlewood Tax District's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Candlewood Tax District is a small nonprofit that has been operating for 48 years, with 10 years of IRS 990 filings on record (2009–2019). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $279K |
| Surplus / Deficit | $-30,590 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -12.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2019, Candlewood Tax District reported a deficit of $31K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2009–2019), Candlewood Tax District's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -4.0% | -8.0% | -100.0% |
| 2018 | -14.6% | +26.0% | -6.3% |
| 2017 | +0.9% | +25.9% | +9.2% |
| 2016 | -2.6% | -25.1% | +14.3% |
| 2015 | -11.4% | -1.0% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Candlewood Tax District has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Candlewood Tax District with a Mission Score of 0 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.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
Frequently Asked Questions about Candlewood Tax District
Is Candlewood Tax District a legitimate charity?
Based on AI analysis of IRS 990 filings, Candlewood Tax District (EIN: 60975672) insufficient data. 0 red flags identified, 0 strengths noted.
How does Candlewood Tax District spend its money?
Detailed spending breakdown data is not yet available for Candlewood Tax District. Check back for updated IRS 990 analysis.
Are donations to Candlewood Tax District tax-deductible?
Candlewood Tax District is registered as a tax-exempt nonprofit (EIN: 60975672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Candlewood Tax District located?
Candlewood Tax District is headquartered in Sherman, Connecticut and files with the IRS under EIN 60975672.
How many years of IRS 990 filings does Candlewood Tax District have?
Candlewood Tax District has 10 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 $249K in total revenue.
Filing History
IRS 990 filing history for Candlewood Tax District showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2009–2019), Candlewood Tax District's revenue has grown by 20.5%, moving from $206K to $249K. Total assets decreased by 100% over the same period, from $526K to $0. Total functional expenses rose by 55.5%, from $180K to $279K. In its most recent filing year (2019), Candlewood Tax District reported a deficit of $31K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $249K | $279K | $0 | $0 | — | View 990 |
| 2018 | $259K | $304K | $698K | $480 | — | — |
| 2017 | $304K | $241K | $744K | $3K | — | View 990 |
| 2016 | $301K | $191K | $682K | $2K | — | View 990 |
| 2015 | $309K | $256K | $596K | $27K | — | View 990 |
| 2014 | $349K | $258K | $602K | $86K | — | View 990 |
| 2013 | $260K | $200K | $559K | $133K | — | View 990 |
| 2012 | $247K | $217K | $464K | $196K | — | View 990 |
| 2011 | $225K | $211K | $480K | $244K | — | View 990 |
| 2009 | $206K | $180K | $526K | $333K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $249K, expenses of $279K, and assets of $0 (revenue -4.0% year-over-year).
- 2018: Revenue of $259K, expenses of $304K, and assets of $698K (revenue -14.6% year-over-year).
- 2017: Revenue of $304K, expenses of $241K, and assets of $744K (revenue +0.9% year-over-year).
- 2016: Revenue of $301K, expenses of $191K, and assets of $682K (revenue -2.6% year-over-year).
- 2015: Revenue of $309K, expenses of $256K, and assets of $596K (revenue -11.4% year-over-year).
- 2014: Revenue of $349K, expenses of $258K, and assets of $602K (revenue +34.3% year-over-year).
- 2013: Revenue of $260K, expenses of $200K, and assets of $559K (revenue +5.2% year-over-year).
- 2012: Revenue of $247K, expenses of $217K, and assets of $464K (revenue +9.9% year-over-year).
- 2011: Revenue of $225K, expenses of $211K, and assets of $480K (revenue +8.8% year-over-year).
- 2009: Revenue of $206K, expenses of $180K, and assets of $526K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Candlewood Tax District:
Data Sources and Methodology
This transparency report for Candlewood Tax District 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.