Connecticut Amvets Service Foundation
Connecticut Amvets Service Foundation: Consistent Revenue, High Administrative Costs
EIN: 222986432 · Wallingford, CT · NTEE: W123 · Updated: 2026-04-04
Is Connecticut Amvets Service Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Amvets Service Foundation directs 20% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Connecticut Amvets Service Foundation
Connecticut Amvets Service Foundation (EIN: 222986432) is a nonprofit organization based in Wallingford, CT, classified under NTEE code W123. The organization reported total revenue of $56K and total assets of $276K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Amvets Service Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Amvets Service Foundation is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $51K |
| Surplus / Deficit | +$24K |
| Total Assets | $265K |
| Net Assets | $265K |
| Operating Margin | 32.1% |
| Months of Reserves | 62.8 months |
Financial Health Grade: A
In 2024, Connecticut Amvets Service Foundation reported a surplus of $24K with revenue exceeding expenses, holds 62.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Connecticut Amvets Service Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.6% | -35.4% | +9.9% |
| 2023 | -6.1% | -9.8% | -0.3% |
| 2022 | +59.7% | +81.2% | -15.8% |
| 2021 | -29.6% | -36.1% | +15.1% |
| 2020 | -33.4% | -32.9% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Connecticut Amvets Service Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 60%
- programs: 20%
- fundraising: 20%
According to IRS 990 filings, Connecticut Amvets Service Foundation allocates its expenses as follows: admin: 60%, programs: 20%, fundraising: 20%. Only 20% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the high administrative expenses, further review of 990s for specific compensation figures is warranted.
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.
Red Flags
The following concerns were identified during AI analysis of Connecticut Amvets Service Foundation's IRS 990 filings:
- High administrative expenses relative to total expenses (e.g., 202406: $50,650 out of $74,612 total expenses, implying a significant portion is non-programmatic).
- Declining revenue trend from $239,019 in 2017 to $74,612 in 2024, raising sustainability concerns.
Strengths
The following positive indicators were identified for Connecticut Amvets Service Foundation:
- Consistent filing of financial data over multiple years (2017-2024).
- Maintained positive net assets over the period, indicating financial stability despite revenue fluctuations.
Frequently Asked Questions about Connecticut Amvets Service Foundation
Is Connecticut Amvets Service Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Amvets Service Foundation (EIN: 222986432) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Connecticut Amvets Service Foundation spend its money?
Connecticut Amvets Service Foundation directs 20% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Amvets Service Foundation tax-deductible?
Connecticut Amvets Service Foundation is registered as a tax-exempt nonprofit (EIN: 222986432). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Connecticut Amvets Service Foundation do?
Connecticut Amvets Service Foundation is a nonprofit organization in the Public & Society Benefit sector, located in Wallingford, Connecticut. It is classified under NTEE code W123.
How much revenue does Connecticut Amvets Service Foundation have?
Connecticut Amvets Service Foundation reported total revenue of $55,889. Based on 13 IRS 990 filings on record.
What are Connecticut Amvets Service Foundation's total assets?
Connecticut Amvets Service Foundation holds total assets of $276,495 as reported in IRS 990 filings.
Where is Connecticut Amvets Service Foundation located?
Connecticut Amvets Service Foundation is based in Wallingford, Connecticut.
What is Connecticut Amvets Service Foundation's EIN?
Connecticut Amvets Service Foundation's Employer Identification Number (EIN) is 222986432. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Connecticut Amvets Service Foundation?
Connecticut Amvets Service Foundation is classified under NTEE code W123 (Public & Society Benefit).
Is Connecticut Amvets Service Foundation a registered 501(c)(3)?
Yes, Connecticut Amvets Service Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222986432.
Does Connecticut Amvets Service Foundation file IRS Form 990?
Yes, Connecticut Amvets Service Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Connecticut Amvets Service Foundation's revenue in 2024?
In the 202406 filing period, Connecticut Amvets Service Foundation reported total revenue of $74,612, total expenses of $50,650, and net assets of $265,052.
Is Connecticut Amvets Service Foundation's revenue growing or declining?
Connecticut Amvets Service Foundation's revenue is relatively stable. Revenue went from $74,165 (202306) to $74,612 (202406), a +0.6% change. Based on 13 filings on record.
What is Connecticut Amvets Service Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Connecticut Amvets Service Foundation covers tax period 202406. It shows revenue of $74,612, expenses of $50,650, total assets of $265,052, and liabilities of N/A.
How much does Connecticut Amvets Service Foundation spend on programs vs administration?
Based on IRS 990 analysis, Connecticut Amvets Service Foundation allocates approximately 20% of expenses to program services, 60% to administrative costs, and 20% to fundraising. Overhead costs appear high relative to program spending.
Is Connecticut Amvets Service Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Connecticut Amvets Service Foundation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Connecticut Amvets Service Foundation?
The following concerns were identified: High administrative expenses relative to total expenses (e.g., 202406: $50,650 out of $74,612 total expenses, implying a significant portion is non-programmatic).. Declining revenue trend from $239,019 in 2017 to $74,612 in 2024, raising sustainability concerns.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Connecticut Amvets Service Foundation's strengths?
Positive indicators for Connecticut Amvets Service Foundation include: Consistent filing of financial data over multiple years (2017-2024).. Maintained positive net assets over the period, indicating financial stability despite revenue fluctuations.. These findings are derived from AI analysis of the organization's financial filings.
How does Connecticut Amvets Service Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the high administrative expenses, further review of 990s for specific compensation figures is warranted. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs does the Connecticut Amvets Service Foundation operate, and how are their expenses categorized within the reported 'expenses' figure?
The provided data only gives a total 'expenses' figure (e.g., $50,650 in 2024). To understand specific programs and their costs, a detailed review of the full 990 forms would be necessary to break down program service expenses from administrative and fundraising costs.
Given the significant decline in revenue from $239,019 in 2017 to $74,612 in 2024, what strategies has the organization implemented to address this trend and ensure future funding?
The provided data does not include strategic plans or explanations for revenue fluctuations. A deeper dive into the organization's annual reports or public statements would be needed to understand their response to the declining revenue trend.
Filing History
IRS 990 filing history for Connecticut Amvets Service Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Connecticut Amvets Service Foundation's revenue has declined by 77.2%, moving from $327K to $75K. Total assets increased by 29.8% over the same period, from $204K to $265K. Total functional expenses fell by 85.5%, from $350K to $51K. In its most recent filing year (2024), Connecticut Amvets Service Foundation reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $75K | $51K | $265K | $0 | — | — |
| 2023 | $74K | $78K | $241K | $0 | — | View 990 |
| 2022 | $79K | $87K | $242K | $0 | — | — |
| 2021 | $49K | $48K | $287K | $0 | — | — |
| 2020 | $70K | $75K | $249K | $0 | — | View 990 |
| 2019 | $106K | $112K | $252K | $0 | — | View 990 |
| 2018 | $175K | $157K | $255K | $0 | — | View 990 |
| 2017 | $239K | $233K | $237K | $0 | — | View 990 |
| 2016 | $240K | $238K | $220K | $0 | — | View 990 |
| 2015 | $276K | $271K | $220K | $0 | — | View 990 |
| 2014 | $289K | $276K | $219K | $0 | — | View 990 |
| 2013 | $374K | $386K | $196K | $0 | — | View 990 |
| 2012 | $327K | $350K | $204K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $75K, expenses of $51K, and assets of $265K (revenue +0.6% year-over-year).
- 2023: Revenue of $74K, expenses of $78K, and assets of $241K (revenue -6.1% year-over-year).
- 2022: Revenue of $79K, expenses of $87K, and assets of $242K (revenue +59.7% year-over-year).
- 2021: Revenue of $49K, expenses of $48K, and assets of $287K (revenue -29.6% year-over-year).
- 2020: Revenue of $70K, expenses of $75K, and assets of $249K (revenue -33.4% year-over-year).
- 2019: Revenue of $106K, expenses of $112K, and assets of $252K (revenue -39.6% year-over-year).
- 2018: Revenue of $175K, expenses of $157K, and assets of $255K (revenue -26.9% year-over-year).
- 2017: Revenue of $239K, expenses of $233K, and assets of $237K (revenue -0.2% year-over-year).
- 2016: Revenue of $240K, expenses of $238K, and assets of $220K (revenue -13.2% year-over-year).
- 2015: Revenue of $276K, expenses of $271K, and assets of $220K (revenue -4.4% year-over-year).
- 2014: Revenue of $289K, expenses of $276K, and assets of $219K (revenue -22.9% year-over-year).
- 2013: Revenue of $374K, expenses of $386K, and assets of $196K (revenue +14.4% year-over-year).
- 2012: Revenue of $327K, expenses of $350K, and assets of $204K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Amvets Service Foundation:
Data Sources and Methodology
This transparency report for Connecticut Amvets Service Foundation 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.