Connecticut Association Of Latin Americans In Higher Education Inc
Connecticut Association Of Latin Americans In Higher Education Inc: Stable Assets, Inconsistent Revenue
EIN: 222562167 · Hartford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $32K |
| Program Spending | 68% |
| Net Assets | $689K |
| Transparency Score | 75/100 |
Is Connecticut Association Of Latin Americans In Higher Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Association Of Latin Americans In Higher Education Inc directs 68% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Connecticut Association Of Latin Americans In Higher Education Inc
Connecticut Association Of Latin Americans In Higher Education Inc (EIN: 222562167) is a nonprofit organization based in Hartford, CT. The organization reported total revenue of $114K and total assets of $793K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Association Of Latin Americans In Higher Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Association Of Latin Americans In Higher Education Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $32K |
| Surplus / Deficit | +$67K |
| Total Assets | $689K |
| Net Assets | $689K |
| Operating Margin | 67.9% |
| Months of Reserves | 260.2 months |
Financial Health Grade: A
In 2023, Connecticut Association Of Latin Americans In Higher Education Inc reported a surplus of $67K with revenue exceeding expenses, holds 260.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut Association Of Latin Americans In Higher Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.4% | -0.7% | -4.3% |
| 2022 | -5.0% | +10.8% | +4.6% |
| 2021 | +54.5% | -16.3% | +27.0% |
| 2020 | -44.8% | +0.0% | -0.1% |
| 2019 | +7.8% | +2.4% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Association Of Latin Americans In Higher Education Inc with a Mission Score of 75 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: 15%
- programs: 68%
- fundraising: 17%
According to IRS 990 filings, Connecticut Association Of Latin Americans In Higher Education Inc allocates its expenses as follows: admin: 15%, programs: 68%, fundraising: 17%. Approximately 68% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $67K, with revenue exceeding expenses.
Executive Compensation Analysis
Without specific compensation figures for officers and key employees from the Form 990 filings, a comprehensive assessment of executive compensation is not possible.
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 Association Of Latin Americans In Higher Education Inc's IRS 990 filings:
- Revenue has fluctuated significantly over the years, from a high of $99,085 in 2023 to a low of $43,386 in 2016, indicating potential instability in funding streams.
- The provided data lacks detailed breakdowns of expenses beyond total expenses, making it difficult to fully assess program efficiency and administrative overhead.
Strengths
The following positive indicators were identified for Connecticut Association Of Latin Americans In Higher Education Inc:
- The organization has shown consistent asset growth, increasing from $435,096 in 2017 to $793,359 in 2023, demonstrating financial stability and accumulation of resources.
- The organization consistently reports 'l0' for liabilities, suggesting a debt-free or very low-debt financial position.
- The organization has a long history of filing financial data, indicating a commitment to transparency over time.
Frequently Asked Questions about Connecticut Association Of Latin Americans In Higher Education Inc
Is Connecticut Association Of Latin Americans In Higher Education Inc a legitimate charity?
Connecticut Association Of Latin Americans In Higher Education Inc (EIN: 222562167) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $114K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Connecticut Association Of Latin Americans In Higher Education Inc spend its money?
Connecticut Association Of Latin Americans In Higher Education Inc directs 68% of its spending to programs and services. Fundraising costs 17%. This meets the 65% industry benchmark.
Are donations to Connecticut Association Of Latin Americans In Higher Education Inc tax-deductible?
Connecticut Association Of Latin Americans In Higher Education Inc is registered as a tax-exempt nonprofit (EIN: 222562167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Connecticut Association Of Latin Americans In Higher Education Inc's spending goes to programs?
Connecticut Association Of Latin Americans In Higher Education Inc directs 68% to programs, 17% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Connecticut Association Of Latin Americans In Higher Education Inc located?
Connecticut Association Of Latin Americans In Higher Education Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 222562167.
How many years of IRS 990 filings does Connecticut Association Of Latin Americans In Higher Education Inc have?
Connecticut Association Of Latin Americans In Higher Education Inc 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 $114K in total revenue.
What does Connecticut Association Of Latin Americans In Higher Education Inc do?
Connecticut Association Of Latin Americans In Higher Education Inc is a nonprofit organization in the Unknown sector, located in Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Connecticut Association Of Latin Americans In Higher Education Inc have?
Connecticut Association Of Latin Americans In Higher Education Inc reported total revenue of $114,436. Based on 13 IRS 990 filings on record.
What are Connecticut Association Of Latin Americans In Higher Education Inc's total assets?
Connecticut Association Of Latin Americans In Higher Education Inc holds total assets of $793,359 as reported in IRS 990 filings.
Where is Connecticut Association Of Latin Americans In Higher Education Inc located?
Connecticut Association Of Latin Americans In Higher Education Inc is based in Hartford, Connecticut.
What is Connecticut Association Of Latin Americans In Higher Education Inc's EIN?
Connecticut Association Of Latin Americans In Higher Education Inc's Employer Identification Number (EIN) is 222562167. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Connecticut Association Of Latin Americans In Higher Education Inc?
Connecticut Association Of Latin Americans In Higher Education Inc is classified under NTEE code Unknown (Unknown).
Is Connecticut Association Of Latin Americans In Higher Education Inc a registered 501(c)(3)?
Connecticut Association Of Latin Americans In Higher Education Inc appears in IRS records (EIN: 222562167). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Connecticut Association Of Latin Americans In Higher Education Inc file IRS Form 990?
Yes, Connecticut Association Of Latin Americans In Higher Education Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Connecticut Association Of Latin Americans In Higher Education Inc's revenue in 2023?
In the 202306 filing period, Connecticut Association Of Latin Americans In Higher Education Inc reported total revenue of $99,085, total expenses of $31,783, and net assets of $689,112.
Is Connecticut Association Of Latin Americans In Higher Education Inc's revenue growing or declining?
Connecticut Association Of Latin Americans In Higher Education Inc's revenue is growing. Revenue went from $69,119 (202206) to $99,085 (202306), a +43.4% change. Based on 13 filings on record.
What is Connecticut Association Of Latin Americans In Higher Education Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Connecticut Association Of Latin Americans In Higher Education Inc covers tax period 202306. It shows revenue of $99,085, expenses of $31,783, total assets of $689,112, and liabilities of N/A.
How much does Connecticut Association Of Latin Americans In Higher Education Inc spend on programs vs administration?
Based on IRS 990 analysis, Connecticut Association Of Latin Americans In Higher Education Inc allocates approximately 68% of expenses to program services, 15% to administrative costs, and 17% to fundraising. Program spending is moderate relative to overhead.
Is Connecticut Association Of Latin Americans In Higher Education Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Connecticut Association Of Latin Americans In Higher Education Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Connecticut Association Of Latin Americans In Higher Education Inc?
The following concerns were identified: Revenue has fluctuated significantly over the years, from a high of $99,085 in 2023 to a low of $43,386 in 2016, indicating potential instability in funding streams.. The provided data lacks detailed breakdowns of expenses beyond total expenses, making it difficult to fully assess program efficiency and administrative overhead.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Connecticut Association Of Latin Americans In Higher Education Inc's strengths?
Positive indicators for Connecticut Association Of Latin Americans In Higher Education Inc include: The organization has shown consistent asset growth, increasing from $435,096 in 2017 to $793,359 in 2023, demonstrating financial stability and accumulation of resources.. The organization consistently reports 'l0' for liabilities, suggesting a debt-free or very low-debt financial position.. The organization has a long history of filing financial data, indicating a commitment to transparency over time.. These findings are derived from AI analysis of the organization's financial filings.
How does Connecticut Association Of Latin Americans In Higher Education Inc compensate executives?
Without specific compensation figures for officers and key employees from the Form 990 filings, a comprehensive assessment of executive compensation is not possible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the fluctuating revenue but consistent asset growth, what are the primary drivers of asset accumulation for the organization?
The consistent asset growth despite revenue fluctuations suggests that the organization is either very effective at retaining funds, has significant non-revenue income streams not detailed here (e.g., investment gains), or has received large, infrequent donations that bolster assets without appearing as consistent annual revenue.
How does the organization manage to maintain 'l0' (zero liabilities) consistently across multiple years, and what are the implications of this for its financial health?
Maintaining zero liabilities consistently indicates a very strong financial position, likely operating on a cash basis or having sufficient reserves to avoid debt. This minimizes financial risk and provides greater flexibility in resource allocation, but could also suggest a conservative approach to growth or investment.
Filing History
IRS 990 filing history for Connecticut Association Of Latin Americans In Higher Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut Association Of Latin Americans In Higher Education Inc's revenue has grown by 122.6%, moving from $45K to $99K. Total assets increased by 123% over the same period, from $309K to $689K. Total functional expenses rose by 29.8%, from $24K to $32K. In its most recent filing year (2023), Connecticut Association Of Latin Americans In Higher Education Inc reported a surplus of $67K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $32K | $689K | $0 | — | View 990 |
| 2022 | $69K | $32K | $720K | $0 | — | View 990 |
| 2021 | $73K | $29K | $688K | $0 | — | View 990 |
| 2020 | $47K | $34K | $542K | $0 | — | View 990 |
| 2019 | $85K | $34K | $543K | $0 | — | View 990 |
| 2018 | $79K | $34K | $502K | $0 | — | View 990 |
| 2017 | $63K | $45K | $435K | $0 | — | View 990 |
| 2016 | $43K | $39K | $450K | $0 | — | View 990 |
| 2015 | $87K | $53K | $457K | $0 | — | View 990 |
| 2014 | $39K | $30K | $425K | $0 | — | View 990 |
| 2013 | $38K | $28K | $366K | $0 | — | View 990 |
| 2012 | $36K | $15K | $336K | $0 | — | View 990 |
| 2011 | $45K | $24K | $309K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $32K, and assets of $689K (revenue +43.4% year-over-year).
- 2022: Revenue of $69K, expenses of $32K, and assets of $720K (revenue -5.0% year-over-year).
- 2021: Revenue of $73K, expenses of $29K, and assets of $688K (revenue +54.5% year-over-year).
- 2020: Revenue of $47K, expenses of $34K, and assets of $542K (revenue -44.8% year-over-year).
- 2019: Revenue of $85K, expenses of $34K, and assets of $543K (revenue +7.8% year-over-year).
- 2018: Revenue of $79K, expenses of $34K, and assets of $502K (revenue +25.3% year-over-year).
- 2017: Revenue of $63K, expenses of $45K, and assets of $435K (revenue +45.6% year-over-year).
- 2016: Revenue of $43K, expenses of $39K, and assets of $450K (revenue -50.3% year-over-year).
- 2015: Revenue of $87K, expenses of $53K, and assets of $457K (revenue +122.2% year-over-year).
- 2014: Revenue of $39K, expenses of $30K, and assets of $425K (revenue +2.4% year-over-year).
- 2013: Revenue of $38K, expenses of $28K, and assets of $366K (revenue +6.5% year-over-year).
- 2012: Revenue of $36K, expenses of $15K, and assets of $336K (revenue -19.0% year-over-year).
- 2011: Revenue of $45K, expenses of $24K, and assets of $309K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Association Of Latin Americans In Higher Education Inc:
Data Sources and Methodology
This transparency report for Connecticut Association Of Latin Americans In Higher Education 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.