Connectfamilias Inc
EIN: 371646586 · Miami, FL · NTEE: I20
Is Connectfamilias Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Connectfamilias Inc
Connectfamilias Inc (EIN: 371646586) is a nonprofit organization based in Miami, FL, classified under NTEE code I20. The organization reported total revenue of $1.4M and total assets of $967K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connectfamilias Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connectfamilias Inc is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$271K |
| Total Assets | $842K |
| Total Liabilities | $104K |
| Net Assets | $738K |
| Operating Margin | 18.9% |
| Debt-to-Asset Ratio | 12.3% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2023, Connectfamilias Inc reported a surplus of $271K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 12.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Connectfamilias Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.8% | +37.8% | +73.1% |
| 2022 | -0.4% | -5.1% | +13.9% |
| 2021 | -34.1% | -27.1% | +2.4% |
| 2020 | +35.8% | +18.1% | +59.2% |
| 2019 | +8.3% | +17.6% | -12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Connectfamilias 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 Connectfamilias 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 $271K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.3%.
Frequently Asked Questions about Connectfamilias Inc
Is Connectfamilias Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connectfamilias Inc (EIN: 371646586) insufficient data. 0 red flags identified, 0 strengths noted.
How does Connectfamilias Inc spend its money?
Detailed spending breakdown data is not yet available for Connectfamilias Inc. Check back for updated IRS 990 analysis.
Are donations to Connectfamilias Inc tax-deductible?
Connectfamilias Inc is registered as a tax-exempt nonprofit (EIN: 371646586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Connectfamilias Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Connectfamilias Inc's revenue has grown by 564.4%, moving from $216K to $1.4M. Total assets increased by 632.6% over the same period, from $115K to $842K. Total functional expenses rose by 932.6%, from $113K to $1.2M. In its most recent filing year (2023), Connectfamilias Inc reported a surplus of $271K, with revenue exceeding expenses. The organization holds $104K in liabilities against $842K in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $738K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.2M | $842K | $104K | — | — |
| 2022 | $897K | $844K | $487K | $17K | — | View 990 |
| 2021 | $900K | $889K | $427K | $10K | — | View 990 |
| 2020 | $1.4M | $1.2M | $417K | $12K | — | — |
| 2019 | $1.0M | $1.0M | $262K | $2K | — | View 990 |
| 2018 | $929K | $878K | $300K | $13K | — | View 990 |
| 2017 | $902K | $911K | $242K | $6K | — | View 990 |
| 2016 | $771K | $762K | $251K | $6K | — | View 990 |
| 2015 | $837K | $794K | $243K | $7K | — | View 990 |
| 2014 | $811K | $725K | $204K | $11K | — | View 990 |
| 2013 | $504K | $500K | $118K | $11K | — | View 990 |
| 2012 | $216K | $113K | $115K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.2M, and assets of $842K (revenue +59.8% year-over-year).
- 2022: Revenue of $897K, expenses of $844K, and assets of $487K (revenue -0.4% year-over-year).
- 2021: Revenue of $900K, expenses of $889K, and assets of $427K (revenue -34.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $417K (revenue +35.8% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $262K (revenue +8.3% year-over-year).
- 2018: Revenue of $929K, expenses of $878K, and assets of $300K (revenue +3.0% year-over-year).
- 2017: Revenue of $902K, expenses of $911K, and assets of $242K (revenue +17.0% year-over-year).
- 2016: Revenue of $771K, expenses of $762K, and assets of $251K (revenue -7.9% year-over-year).
- 2015: Revenue of $837K, expenses of $794K, and assets of $243K (revenue +3.2% year-over-year).
- 2014: Revenue of $811K, expenses of $725K, and assets of $204K (revenue +60.9% year-over-year).
- 2013: Revenue of $504K, expenses of $500K, and assets of $118K (revenue +133.5% year-over-year).
- 2012: Revenue of $216K, expenses of $113K, and assets of $115K.
Data Sources and Methodology
This transparency report for Connectfamilias 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.