Connecticut Challenge Inc
Connecticut Challenge Inc. faces persistent operational deficits and declining financial health.
EIN: 202777748 · Southport, CT · NTEE: H123 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $613K |
| Total Expenses | $796K |
| Program Spending | 70% |
| Net Assets | $-969,105 |
| Transparency Score | 45/100 |
Search Intent Cockpit
Connecticut Challenge Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Connecticut Challenge 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 Connecticut Challenge Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $543K and expenses of $796K.
Revenue and Expenses
Connecticut Challenge Inc reported $543K in revenue and $796K in expenses, a deficit of $253K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 5 red flags, and 2 strengths are shown from structured and AI review.
Is Connecticut Challenge Inc Legit?
Significant Concerns
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 | $557K (70%) |
Across stored filings, Connecticut Challenge 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 | Significant Concerns | Good filing record; 5 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Category H context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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All Category H
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Southport, CT nonprofitsCategory H in Connecticut
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Connecticut Challenge Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Connecticut Challenge Inc
Connecticut Challenge Inc (EIN: 202777748) is a nonprofit organization based in Southport, CT, classified under NTEE code H123. The organization reported total revenue of $613K and total assets of $317K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Challenge Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Challenge Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $543K |
| Total Expenses | $796K |
| Surplus / Deficit | $-253,211 |
| Total Assets | $385K |
| Total Liabilities | $1.4M |
| Net Assets | $-969,105 |
| Operating Margin | -46.6% |
| Debt-to-Asset Ratio | 351.7% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2022, Connecticut Challenge Inc reported a deficit of $253K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 351.7% (high leverage).
Financial Trends
Over 13 years of filings (2010–2022), Connecticut Challenge Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -0.8% | +31.6% | +64.9% |
| 2020 | -135.6% | -50.1% | -77.0% |
| 2019 | -17.8% | -9.9% | -11.2% |
| 2018 | -15.2% | -17.7% | -2.5% |
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 Challenge Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Connecticut Challenge Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $253K, with expenses exceeding revenue.
- Debt-to-asset ratio: 351.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a positive sign for resource allocation directly to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connecticut Challenge Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in recent years)
- Negative revenue reported in 2020 ($-495,202)
- Significant increase in liabilities from $233,431 in 2021 to $1,354,096 in 2022
- Declining asset base over the past decade, from $2.7M in 2013 to $384K in 2022
- High liabilities relative to assets in recent years, indicating potential insolvency risk
Strengths
The following positive indicators were identified for Connecticut Challenge Inc:
- No officer compensation reported, indicating resources are not diverted to executive salaries.
- Long filing history (13 filings) provides extensive data for analysis.
Frequently Asked Questions about Connecticut Challenge Inc
Is Connecticut Challenge Inc a legitimate charity?
Connecticut Challenge Inc (EIN: 202777748) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $613K. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does Connecticut Challenge Inc spend its money?
Connecticut Challenge Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Connecticut Challenge Inc tax-deductible?
Connecticut Challenge Inc is registered as a tax-exempt nonprofit (EIN: 202777748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Connecticut Challenge Inc's spending goes to programs?
Connecticut Challenge Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Connecticut Challenge Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Connecticut Challenge Inc is near average for NTEE category H123 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connecticut Challenge Inc located?
Connecticut Challenge Inc is headquartered in Southport, Connecticut and files with the IRS under EIN 202777748. It is classified under NTEE code H123.
How many years of IRS 990 filings does Connecticut Challenge Inc have?
Connecticut Challenge 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 $613K in total revenue.
Why did Connecticut Challenge Inc. report negative revenue in 2020?
The 2020 filing shows a revenue of $-495,202, which is highly unusual and could indicate significant financial adjustments, write-offs, or a reporting error that needs clarification.
What caused the significant increase in liabilities from $233,431 in 2021 to $1,354,096 in 2022?
This dramatic increase in liabilities suggests a major financial event or debt accumulation that could severely impact the organization's solvency and warrants immediate scrutiny.
How does Connecticut Challenge Inc. plan to address its consistent operational deficits?
With expenses frequently exceeding revenue, as seen in 2022 ($796,022 expenses vs. $542,811 revenue) and 2021 ($604,912 expenses vs. $547,286 revenue), the organization needs a clear strategy to achieve financial sustainability.
What is the long-term strategy for asset management given the fluctuating and generally declining asset base?
Assets have declined significantly from a peak of $2,798,572 in 2013 to $384,991 in 2022, indicating a depletion of reserves that could hinder future operations.
Filing History
IRS 990 filing history for Connecticut Challenge Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Connecticut Challenge Inc's revenue has declined by 63%, moving from $1.5M to $543K. Total assets decreased by 59.5% over the same period, from $951K to $385K. Total functional expenses fell by 16.4%, from $952K to $796K. In its most recent filing year (2022), Connecticut Challenge Inc reported a deficit of $253K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $385K in assets (debt-to-asset ratio: 351.7%), resulting in net assets of $-969,105.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $543K | $796K | $385K | $1.4M | — | View 990 |
| 2021 | $547K | $605K | $233K | $882K | — | View 990 |
| 2020 | $-495,202 | $813K | $420K | $-93,440 | — | View 990 |
| 2019 | $1.4M | $1.6M | $1.8M | $654K | — | View 990 |
| 2018 | $1.7M | $1.8M | $2.1M | $701K | — | View 990 |
| 2017 | $2.0M | $2.2M | $2.1M | $625K | — | View 990 |
| 2016 | $1.9M | $2.3M | $2.6M | $373K | — | View 990 |
| 2015 | $2.6M | $2.6M | $2.7M | $516K | — | View 990 |
| 2014 | $2.2M | $2.2M | $2.7M | $571K | — | View 990 |
| 2013 | $2.1M | $2.0M | $2.8M | $688K | — | View 990 |
| 2012 | $2.0M | $1.5M | $2.7M | $701K | — | View 990 |
| 2011 | $1.9M | $1.4M | $1.7M | $229K | — | View 990 |
| 2010 | $1.5M | $952K | $951K | $135K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $543K, expenses of $796K, and assets of $385K (revenue -0.8% year-over-year).
- 2021: Revenue of $547K, expenses of $605K, and assets of $233K.
- 2020: Revenue of $-495,202, expenses of $813K, and assets of $420K (revenue -135.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.6M, and assets of $1.8M (revenue -17.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.8M, and assets of $2.1M (revenue -15.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $2.1M (revenue +2.6% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.3M, and assets of $2.6M (revenue -26.4% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.6M, and assets of $2.7M (revenue +20.3% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $2.7M (revenue +2.4% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.0M, and assets of $2.8M (revenue +9.4% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.5M, and assets of $2.7M (revenue +1.0% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.4M, and assets of $1.7M (revenue +32.3% year-over-year).
- 2010: Revenue of $1.5M, expenses of $952K, and assets of $951K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Challenge Inc:
Data Sources and Methodology
This transparency report for Connecticut Challenge 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.