Candorful Inc
EIN: 822947445 · Nashua, NH · NTEE: J99
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $210K |
| Net Assets | $260K |
Is Candorful Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Candorful Inc
Candorful Inc (EIN: 822947445) is a nonprofit organization based in Nashua, NH, classified under NTEE code J99. The organization reported total revenue of $234K and total assets of $254K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Candorful Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Candorful Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 37.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $210K |
| Surplus / Deficit | +$58K |
| Total Assets | $260K |
| Total Liabilities | $67 |
| Net Assets | $260K |
| Operating Margin | 21.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.8 months |
Financial Health Grade: A
In 2023, Candorful Inc reported a surplus of $58K with revenue exceeding expenses, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Candorful Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.6% | +4.0% | +28.8% |
| 2022 | +10.9% | +163.8% | +8.0% |
| 2021 | +90.1% | -5.7% | +159.4% |
| 2020 | +33.8% | +224.3% | +39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Candorful Inc 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 Candorful Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Candorful Inc
Is Candorful Inc a legitimate charity?
Candorful Inc (EIN: 822947445) is a registered tax-exempt nonprofit based in New Hampshire. It has 5 years of IRS 990 filings on record. Total revenue: $234K. No red flags identified. Financial health grade: A.
How does Candorful Inc spend its money?
Candorful Inc reported $234K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Candorful Inc tax-deductible?
Candorful Inc is registered as a tax-exempt nonprofit (EIN: 822947445). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Candorful Inc located?
Candorful Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 822947445. It is classified under NTEE code J99.
How many years of IRS 990 filings does Candorful Inc have?
Candorful Inc has 5 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 $234K in total revenue.
Filing History
IRS 990 filing history for Candorful Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Candorful Inc's revenue has grown by 257.1%, moving from $75K to $269K. Total assets increased by 402.4% over the same period, from $52K to $260K. Total functional expenses rose by 739.1%, from $25K to $210K. In its most recent filing year (2023), Candorful Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $67 in liabilities against $260K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $260K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $210K | $260K | $67 | — | — |
| 2022 | $212K | $202K | $202K | $144 | — | View 990 |
| 2021 | $192K | $77K | $187K | $0 | — | — |
| 2020 | $101K | $81K | $72K | $0 | — | — |
| 2019 | $75K | $25K | $52K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $269K, expenses of $210K, and assets of $260K (revenue +26.6% year-over-year).
- 2022: Revenue of $212K, expenses of $202K, and assets of $202K (revenue +10.9% year-over-year).
- 2021: Revenue of $192K, expenses of $77K, and assets of $187K (revenue +90.1% year-over-year).
- 2020: Revenue of $101K, expenses of $81K, and assets of $72K (revenue +33.8% year-over-year).
- 2019: Revenue of $75K, expenses of $25K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Candorful Inc:
Data Sources and Methodology
This transparency report for Candorful 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.