Colors Of The World Inc
Colors Of The World Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 10848553 · Hamden, CT · NTEE: O51 · Updated: 2026-03-27
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Colors Of The World Inc is mapped to EIN 10848553.
IRS BMF exempt record needs review
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2 stored filing years available.
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2 stored filing years available.
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Candid / GuideStar profile api pending
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Workflow Engine
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Verify official evidence Runnable
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Find source filings Runnable
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2 stored filing years plus ProPublica source
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75% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $46K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $87,322. |
| Net Assets | $29K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Colors Of The World Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Colors Of The World Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Colors Of The World Inc in one place.
Form 990 Filing Summary
2 filing years are available, with latest revenue of $55K and expenses of $46K.
Revenue and Expenses
Colors Of The World Inc reported $55K in revenue and $46K in expenses, a surplus of $10K.
Executive Compensation
Top officer compensation appears as $87,322. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Colors Of The World Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $34K (75%) |
Across stored filings, Colors Of The World Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Limited filing record; no red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade A | 2 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Category O context |
Trust Check
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Hamden, CT nonprofitsCategory O in Connecticut
Human Services in Connecticut
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Colors Of The World Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colors Of The World Inc
Colors Of The World Inc (EIN: 10848553) is a nonprofit organization based in Hamden, CT, classified under NTEE code O51. The organization reported total revenue of $87K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colors Of The World Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colors Of The World Inc is a micro nonprofit that has been operating for 8 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -20.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $46K |
| Surplus / Deficit | +$10K |
| Total Assets | $29K |
| Net Assets | $29K |
| Operating Margin | 17.2% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2024, Colors Of The World Inc reported a surplus of $10K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2023–2024), Colors Of The World Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -20.9% | -7.9% | +48.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Colors Of The World Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Colors Of The World 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation in both the 202305 and 202405 periods, suggesting that executive leadership is either volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with latest revenue of $87,322.
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 Colors Of The World Inc:
- Consistent revenue generation: Reported $55,489 in 202405 and $70,148 in 202305.
- Positive asset growth: Assets increased from $19,701 in 202305 to $29,241 in 202405, and currently $33,732.
- Zero liabilities: Reported $0 liabilities in both 202305 and 202405, indicating strong financial health.
- No reported officer compensation: 0% officer compensation in both periods suggests resources are directed to mission.
- Operating with a surplus: Expenses ($45,948 in 202405) are consistently lower than revenue ($55,489 in 202405).
Frequently Asked Questions about Colors Of The World Inc
Is Colors Of The World Inc a legitimate charity?
Colors Of The World Inc (EIN: 10848553) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $87K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Colors Of The World Inc spend its money?
Colors Of The World Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Colors Of The World Inc tax-deductible?
Colors Of The World Inc is registered as a tax-exempt nonprofit (EIN: 10848553). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Colors Of The World Inc CEO make?
Colors Of The World Inc's highest-compensated officer earns $87,322. annually. The organization reported $87K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Colors Of The World Inc's spending goes to programs?
Colors Of The World Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colors Of The World Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Colors Of The World Inc is above average for NTEE category O51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colors Of The World Inc located?
Colors Of The World Inc is headquartered in Hamden, Connecticut and files with the IRS under EIN 10848553. It is classified under NTEE code O51.
How many years of IRS 990 filings does Colors Of The World Inc have?
Colors Of The World Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $87K in total revenue.
Is Colors Of The World Inc financially stable?
Yes, Colors Of The World Inc appears financially stable, with consistent revenue generation (e.g., $55,489 in 202405) and growing assets ($19,701 in 202305 to $29,241 in 202405, currently $33,732) and zero liabilities reported in both periods.
How much of its revenue does Colors Of The World Inc spend on programs?
Based on the provided data, a specific program spending ratio cannot be calculated directly. However, the organization consistently operates with a surplus (e.g., $55,489 revenue vs. $45,948 expenses in 202405), indicating efficient management of its overall expenses.
Does Colors Of The World Inc pay its executives?
The IRS 990 filings for both 202305 and 202405 periods report 0% officer compensation, suggesting that executives are not compensated through traditional officer salaries.
Filing History
IRS 990 filing history for Colors Of The World Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Colors Of The World Inc's revenue has declined by 20.9%, moving from $70K to $55K. Total assets increased by 48.4% over the same period, from $20K to $29K. Total functional expenses fell by 7.9%, from $50K to $46K. In its most recent filing year (2024), Colors Of The World Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $55K | $46K | $29K | $0 | — | — |
| 2023 | $70K | $50K | $20K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colors Of The World Inc:
Data Sources and Methodology
This transparency report for Colors Of The World 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.