Circolo Umberto Ii Di Savoia Incorporated
EIN: 61426020 · New Haven, CT
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $70K |
| Net Assets | $221K |
Is Circolo Umberto Ii Di Savoia Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Circolo Umberto Ii Di Savoia Incorporated
Circolo Umberto Ii Di Savoia Incorporated (EIN: 61426020) is a nonprofit organization based in New Haven, CT. The organization reported total revenue of $106K and total assets of $201K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Circolo Umberto Ii Di Savoia Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Circolo Umberto Ii Di Savoia Incorporated is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $70K |
| Surplus / Deficit | $-27,144 |
| Total Assets | $221K |
| Net Assets | $221K |
| Operating Margin | -63.4% |
| Months of Reserves | 37.9 months |
Financial Health Grade: B
In 2023, Circolo Umberto Ii Di Savoia Incorporated reported a deficit of $27K with expenses exceeding revenue, holds 37.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Circolo Umberto Ii Di Savoia Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.5% | +11.4% | -10.9% |
| 2022 | -1.7% | -19.7% | -3.5% |
| 2021 | +39.9% | +34.4% | -8.3% |
| 2020 | -47.4% | -9.5% | -6.3% |
| 2019 | -2.4% | +9.4% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Circolo Umberto Ii Di Savoia Incorporated 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 Circolo Umberto Ii Di Savoia Incorporated 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 deficit of $27K, with expenses exceeding revenue.
Frequently Asked Questions about Circolo Umberto Ii Di Savoia Incorporated
Is Circolo Umberto Ii Di Savoia Incorporated a legitimate charity?
Circolo Umberto Ii Di Savoia Incorporated (EIN: 61426020) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $106K. No red flags identified. Financial health grade: B.
How does Circolo Umberto Ii Di Savoia Incorporated spend its money?
Circolo Umberto Ii Di Savoia Incorporated reported $106K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Circolo Umberto Ii Di Savoia Incorporated tax-deductible?
Circolo Umberto Ii Di Savoia Incorporated is registered as a tax-exempt nonprofit (EIN: 61426020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Circolo Umberto Ii Di Savoia Incorporated located?
Circolo Umberto Ii Di Savoia Incorporated is headquartered in New Haven, Connecticut and files with the IRS under EIN 61426020.
How many years of IRS 990 filings does Circolo Umberto Ii Di Savoia Incorporated have?
Circolo Umberto Ii Di Savoia Incorporated 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 $106K in total revenue.
Filing History
IRS 990 filing history for Circolo Umberto Ii Di Savoia Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Circolo Umberto Ii Di Savoia Incorporated's revenue has declined by 23.5%, moving from $56K to $43K. Total assets increased by 0.2% over the same period, from $221K to $221K. Total functional expenses rose by 26.8%, from $55K to $70K. In its most recent filing year (2023), Circolo Umberto Ii Di Savoia Incorporated reported a deficit of $27K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $70K | $221K | $0 | — | — |
| 2022 | $54K | $63K | $248K | $0 | — | View 990 |
| 2021 | $55K | $78K | $257K | $0 | — | View 990 |
| 2020 | $39K | $58K | $280K | $0 | — | — |
| 2019 | $75K | $64K | $299K | $0 | — | View 990 |
| 2018 | $76K | $59K | $289K | $0 | — | View 990 |
| 2017 | $73K | $53K | $271K | $0 | — | View 990 |
| 2016 | $72K | $58K | $251K | $0 | — | View 990 |
| 2015 | $71K | $59K | $237K | $0 | — | View 990 |
| 2014 | $71K | $67K | $225K | $0 | — | View 990 |
| 2013 | $-40,510 | $60K | $221K | $0 | — | View 990 |
| 2012 | $54K | $55K | $220K | $0 | — | View 990 |
| 2011 | $56K | $55K | $221K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $70K, and assets of $221K (revenue -20.5% year-over-year).
- 2022: Revenue of $54K, expenses of $63K, and assets of $248K (revenue -1.7% year-over-year).
- 2021: Revenue of $55K, expenses of $78K, and assets of $257K (revenue +39.9% year-over-year).
- 2020: Revenue of $39K, expenses of $58K, and assets of $280K (revenue -47.4% year-over-year).
- 2019: Revenue of $75K, expenses of $64K, and assets of $299K (revenue -2.4% year-over-year).
- 2018: Revenue of $76K, expenses of $59K, and assets of $289K (revenue +5.0% year-over-year).
- 2017: Revenue of $73K, expenses of $53K, and assets of $271K (revenue +0.8% year-over-year).
- 2016: Revenue of $72K, expenses of $58K, and assets of $251K (revenue +1.6% year-over-year).
- 2015: Revenue of $71K, expenses of $59K, and assets of $237K (revenue +0.6% year-over-year).
- 2014: Revenue of $71K, expenses of $67K, and assets of $225K.
- 2013: Revenue of $-40,510, expenses of $60K, and assets of $221K (revenue -174.5% year-over-year).
- 2012: Revenue of $54K, expenses of $55K, and assets of $220K (revenue -2.9% year-over-year).
- 2011: Revenue of $56K, expenses of $55K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Circolo Umberto Ii Di Savoia Incorporated:
Data Sources and Methodology
This transparency report for Circolo Umberto Ii Di Savoia Incorporated 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.