Connecticut Guitar Society Inc
Connecticut Guitar Society: Modest Revenue, Consistent Programming
EIN: 222768662 · Hartford, CT · NTEE: A68C · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $61K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $74,792 |
| Net Assets | $18K |
| Transparency Score | 75/100 |
Is Connecticut Guitar Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Guitar Society Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Connecticut Guitar Society Inc
Connecticut Guitar Society Inc (EIN: 222768662) is a nonprofit organization based in Hartford, CT, classified under NTEE code A68C. The organization reported total revenue of $75K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Guitar Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Guitar Society Inc is a micro nonprofit that has been operating for 35 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $61K |
| Surplus / Deficit | +$14K |
| Total Assets | $18K |
| Net Assets | $18K |
| Operating Margin | 18.7% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2019, Connecticut Guitar Society Inc reported a surplus of $14K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2012–2019), Connecticut Guitar Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +13.1% | -8.1% | +342.1% |
| 2018 | +33.7% | +1.4% | -4.5% |
| 2017 | -27.2% | -4.3% | -78.6% |
| 2016 | +16.4% | +0.3% | -1.9% |
| 2015 | -15.9% | +0.1% | -31.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
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 Guitar Society 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: 70%
- fundraising: 15%
According to IRS 990 filings, Connecticut Guitar Society Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation information is not available in the provided data, preventing an assessment of its reasonableness relative to the organization's revenue of $74,792 in 2019.
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 Guitar Society Inc's IRS 990 filings:
- Lack of detailed program reporting makes impact assessment difficult.
- No information on executive compensation, which is a common transparency expectation.
Strengths
The following positive indicators were identified for Connecticut Guitar Society Inc:
- Consistent operation and filing of financial data over several years.
- Maintains positive assets, indicating some financial stability.
Frequently Asked Questions about Connecticut Guitar Society Inc
Is Connecticut Guitar Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Guitar Society Inc (EIN: 222768662) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Connecticut Guitar Society Inc spend its money?
Connecticut Guitar Society Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Guitar Society Inc tax-deductible?
Connecticut Guitar Society Inc is registered as a tax-exempt nonprofit (EIN: 222768662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Connecticut Guitar Society Inc CEO make?
Connecticut Guitar Society Inc's highest-compensated officer earns $74,792 annually. The organization reported $75K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Connecticut Guitar Society Inc's spending goes to programs?
Connecticut Guitar Society Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Connecticut Guitar Society Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Connecticut Guitar Society Inc is above average for NTEE category A68C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connecticut Guitar Society Inc located?
Connecticut Guitar Society Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 222768662. It is classified under NTEE code A68C.
How many years of IRS 990 filings does Connecticut Guitar Society Inc have?
Connecticut Guitar Society Inc has 8 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 $75K in total revenue.
What does Connecticut Guitar Society Inc do?
Connecticut Guitar Society Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Hartford, Connecticut. It is classified under NTEE code A68C.
How much revenue does Connecticut Guitar Society Inc have?
Connecticut Guitar Society Inc reported total revenue of $74,792. Based on 8 IRS 990 filings on record.
What are Connecticut Guitar Society Inc's total assets?
Connecticut Guitar Society Inc holds total assets of $18,056 as reported in IRS 990 filings.
Where is Connecticut Guitar Society Inc located?
Connecticut Guitar Society Inc is based in Hartford, Connecticut.
What is Connecticut Guitar Society Inc's EIN?
Connecticut Guitar Society Inc's Employer Identification Number (EIN) is 222768662. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Connecticut Guitar Society Inc?
Connecticut Guitar Society Inc is classified under NTEE code A68C (Arts, Culture & Humanities).
Is Connecticut Guitar Society Inc a registered 501(c)(3)?
Yes, Connecticut Guitar Society Inc is recognized as a tax-exempt organization by the IRS. EIN: 222768662.
Does Connecticut Guitar Society Inc file IRS Form 990?
Yes, Connecticut Guitar Society Inc has 8 IRS Form 990 filings on record. The most recent covers tax period 201906.
What was Connecticut Guitar Society Inc's revenue in 2019?
In the 201906 filing period, Connecticut Guitar Society Inc reported total revenue of $74,792, total expenses of $60,820, and net assets of $18,056.
Is Connecticut Guitar Society Inc's revenue growing or declining?
Connecticut Guitar Society Inc's revenue is growing. Revenue went from $66,124 (201806) to $74,792 (201906), a +13.1% change. Based on 8 filings on record.
What is Connecticut Guitar Society Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Connecticut Guitar Society Inc covers tax period 201906. It shows revenue of $74,792, expenses of $60,820, total assets of $18,056, and liabilities of N/A.
How much does Connecticut Guitar Society Inc spend on programs vs administration?
Based on IRS 990 analysis, Connecticut Guitar Society Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Connecticut Guitar Society Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Connecticut Guitar Society Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Connecticut Guitar Society Inc?
The following concerns were identified: Lack of detailed program reporting makes impact assessment difficult.. No information on executive compensation, which is a common transparency expectation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Connecticut Guitar Society Inc's strengths?
Positive indicators for Connecticut Guitar Society Inc include: Consistent operation and filing of financial data over several years.. Maintains positive assets, indicating some financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Connecticut Guitar Society Inc compensate executives?
Executive compensation information is not available in the provided data, preventing an assessment of its reasonableness relative to the organization's revenue of $74,792 in 2019. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent expense levels (e.g., $60,820 in 2019) relative to fluctuating revenue, how does the organization manage its programming and administrative costs to maintain operations?
The organization appears to manage its expenses tightly, often spending close to or slightly above its revenue in some years, relying on accumulated assets (e.g., $18,056 in 2019) to cover shortfalls and maintain consistent programming.
Filing History
IRS 990 filing history for Connecticut Guitar Society Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Connecticut Guitar Society Inc's revenue has declined by 29.4%, moving from $106K to $75K. Total assets decreased by 58.4% over the same period, from $43K to $18K. Total functional expenses fell by 41.8%, from $104K to $61K. In its most recent filing year (2019), Connecticut Guitar Society Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $75K | $61K | $18K | $0 | — | View 990 |
| 2018 | $66K | $66K | $4K | $0 | — | View 990 |
| 2017 | $49K | $65K | $4K | $0 | — | View 990 |
| 2016 | $68K | $68K | $20K | $0 | — | View 990 |
| 2015 | $58K | $68K | $20K | $100 | — | View 990 |
| 2014 | $69K | $68K | $30K | $0 | — | View 990 |
| 2013 | $62K | $77K | $29K | $134 | — | View 990 |
| 2012 | $106K | $104K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $75K, expenses of $61K, and assets of $18K (revenue +13.1% year-over-year).
- 2018: Revenue of $66K, expenses of $66K, and assets of $4K (revenue +33.7% year-over-year).
- 2017: Revenue of $49K, expenses of $65K, and assets of $4K (revenue -27.2% year-over-year).
- 2016: Revenue of $68K, expenses of $68K, and assets of $20K (revenue +16.4% year-over-year).
- 2015: Revenue of $58K, expenses of $68K, and assets of $20K (revenue -15.9% year-over-year).
- 2014: Revenue of $69K, expenses of $68K, and assets of $30K (revenue +12.2% year-over-year).
- 2013: Revenue of $62K, expenses of $77K, and assets of $29K (revenue -41.7% year-over-year).
- 2012: Revenue of $106K, expenses of $104K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Guitar Society Inc:
Data Sources and Methodology
This transparency report for Connecticut Guitar Society 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.