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

$87KRevenue

$34KAssets

85/100Mission Score (Excellent)

O51

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.

AI Transparency Report

Colors Of The World Inc appears to be in a stable financial position, demonstrating consistent revenue generation and asset growth over the past two reported periods. In the 202405 period, the organization reported revenue of $55,489 against expenses of $45,948, indicating a surplus. This positive trend is further supported by an increase in assets from $19,701 in 202305 to $29,241 in 202405, and currently standing at $33,732. The organization also reports zero liabilities in both periods, which is a strong indicator of financial health and low risk.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent surplus suggests responsible management of funds relative to their operational scale. The absence of reported officer compensation in both periods indicates that executive leadership is either unpaid or compensated through other means not captured in this specific metric, which can be a positive sign for donor confidence regarding resource allocation directly to mission-related activities. Transparency is good given the availability of two years of 990 data.

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.

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 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.	PDF
2024	$55K	$46K	$29K	$0	—	—
2023	$70K	$50K	$20K	$0	—	View 990

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.