Connecticut Invention Convention Inc
Connecticut Invention Convention Inc: Transparent and Mission-Focused Nonprofit
EIN: 223173317 · Hartford, CT · NTEE: U99 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $890K |
| Total Expenses | $570K |
| Program Spending | 65% |
| Net Assets | $878K |
| Transparency Score | 85/100 |
Is Connecticut Invention Convention Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Invention Convention Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Connecticut Invention Convention Inc
Connecticut Invention Convention Inc (EIN: 223173317) is a nonprofit organization based in Hartford, CT, classified under NTEE code U99. The organization reported total revenue of $890K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Invention Convention Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Invention Convention Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $714K |
| Total Expenses | $570K |
| Surplus / Deficit | +$144K |
| Total Assets | $920K |
| Total Liabilities | $42K |
| Net Assets | $878K |
| Operating Margin | 20.2% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 19.4 months |
Financial Health Grade: A
In 2023, Connecticut Invention Convention Inc reported a surplus of $144K with revenue exceeding expenses, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut Invention Convention Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +36.1% | +16.9% |
| 2022 | +32.3% | +22.4% | +64.6% |
| 2021 | +60.3% | +33.1% | +79.2% |
| 2020 | -28.9% | -32.7% | +54.1% |
| 2019 | +1.2% | -12.5% | +81.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Invention Convention Inc with a Mission Score of 85 out of 100 (Excellent). 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: 65%
- fundraising: 15%
According to IRS 990 filings, Connecticut Invention Convention Inc allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% 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 $144K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no increases over the past five years.
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 Invention Convention Inc's IRS 990 filings:
- The organization has maintained a consistent mission focus over the years, with a slight increase in program expenses.
- Administrative costs have decreased significantly, indicating efficient management.
- Fundraising efforts are minimal, suggesting a focus on program delivery rather than external funding.
Strengths
The following positive indicators were identified for Connecticut Invention Convention Inc:
- The organization has a strong track record of consistent program investment.
Frequently Asked Questions about Connecticut Invention Convention Inc
Is Connecticut Invention Convention Inc a legitimate charity?
Connecticut Invention Convention Inc (EIN: 223173317) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $890K. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Connecticut Invention Convention Inc spend its money?
Connecticut Invention Convention Inc directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Connecticut Invention Convention Inc tax-deductible?
Connecticut Invention Convention Inc is registered as a tax-exempt nonprofit (EIN: 223173317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Connecticut Invention Convention Inc's spending goes to programs?
Connecticut Invention Convention Inc directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Connecticut Invention Convention Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Connecticut Invention Convention Inc is above average for NTEE category U99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Connecticut Invention Convention Inc located?
Connecticut Invention Convention Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 223173317. It is classified under NTEE code U99.
How many years of IRS 990 filings does Connecticut Invention Convention Inc have?
Connecticut Invention Convention 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 $890K in total revenue.
What does Connecticut Invention Convention Inc do?
Connecticut Invention Convention Inc is a nonprofit organization in the Science & Technology sector, located in Hartford, Connecticut. It is classified under NTEE code U99.
How much revenue does Connecticut Invention Convention Inc have?
Connecticut Invention Convention Inc reported total revenue of $889,949. Based on 13 IRS 990 filings on record.
What are Connecticut Invention Convention Inc's total assets?
Connecticut Invention Convention Inc holds total assets of $1,176,093 as reported in IRS 990 filings.
Where is Connecticut Invention Convention Inc located?
Connecticut Invention Convention Inc is based in Hartford, Connecticut.
What is Connecticut Invention Convention Inc's EIN?
Connecticut Invention Convention Inc's Employer Identification Number (EIN) is 223173317. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Connecticut Invention Convention Inc?
Connecticut Invention Convention Inc is classified under NTEE code U99 (Science & Technology).
Is Connecticut Invention Convention Inc a registered 501(c)(3)?
Yes, Connecticut Invention Convention Inc is recognized as a tax-exempt organization by the IRS. EIN: 223173317.
Does Connecticut Invention Convention Inc file IRS Form 990?
Yes, Connecticut Invention Convention Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Connecticut Invention Convention Inc's revenue in 2023?
In the 202306 filing period, Connecticut Invention Convention Inc reported total revenue of $713,983, total expenses of $569,548, and net assets of $919,699.
Is Connecticut Invention Convention Inc's revenue growing or declining?
Connecticut Invention Convention Inc's revenue is relatively stable. Revenue went from $691,437 (202206) to $713,983 (202306), a +3.3% change. Based on 13 filings on record.
What is Connecticut Invention Convention Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Connecticut Invention Convention Inc covers tax period 202306. It shows revenue of $713,983, expenses of $569,548, total assets of $919,699, and liabilities of $41,886.
How much does Connecticut Invention Convention Inc spend on programs vs administration?
Based on IRS 990 analysis, Connecticut Invention Convention Inc allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Connecticut Invention Convention Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Connecticut Invention Convention Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Connecticut Invention Convention Inc?
The following concerns were identified: The organization has maintained a consistent mission focus over the years, with a slight increase in program expenses.. Administrative costs have decreased significantly, indicating efficient management.. Fundraising efforts are minimal, suggesting a focus on program delivery rather than external funding.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Connecticut Invention Convention Inc's strengths?
Positive indicators for Connecticut Invention Convention Inc include: The organization has a strong track record of consistent program investment.. These findings are derived from AI analysis of the organization's financial filings.
How does Connecticut Invention Convention Inc compensate executives?
Executive compensation remains at a modest level, with no increases over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Connecticut Invention Convention Inc?
1. Detailed program expenses are listed, showing consistent investment in educational programs. 2. Administrative costs are kept low, with a steady decrease over the past five years. 3. Fundraising efforts are minimal, with no significant changes in strategy. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure transparency in its spending?
The organization provides detailed breakdowns of its spending, including specific amounts allocated to programs, administration, and fundraising. This transparency allows stakeholders to see how funds are being used.
What strategies does the organization use to keep administrative costs low?
The organization has implemented efficient management practices and has seen a steady decrease in administrative costs over the past five years, indicating a focus on cost-effective operations.
How does the organization balance its mission with fundraising efforts?
The organization prioritizes its mission by investing in educational programs and keeping fundraising efforts minimal, focusing instead on delivering high-quality services to its community.
Filing History
IRS 990 filing history for Connecticut Invention Convention Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut Invention Convention Inc's revenue has grown by 255.9%, moving from $201K to $714K. Total assets increased by 448.2% over the same period, from $168K to $920K. Total functional expenses rose by 266.3%, from $155K to $570K. In its most recent filing year (2023), Connecticut Invention Convention Inc reported a surplus of $144K, with revenue exceeding expenses. The organization holds $42K in liabilities against $920K in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $878K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $714K | $570K | $920K | $42K | — | View 990 |
| 2022 | $691K | $418K | $787K | $54K | — | View 990 |
| 2021 | $523K | $342K | $478K | $18K | — | View 990 |
| 2020 | $326K | $257K | $267K | $26K | — | View 990 |
| 2019 | $458K | $382K | $173K | $2K | — | View 990 |
| 2018 | $453K | $436K | $95K | $21 | — | View 990 |
| 2017 | $347K | $512K | $79K | $48 | — | View 990 |
| 2016 | $483K | $442K | $319K | $75K | — | View 990 |
| 2015 | $311K | $343K | $202K | $0 | — | View 990 |
| 2014 | $329K | $287K | $234K | $0 | — | View 990 |
| 2013 | $249K | $211K | $192K | $0 | — | View 990 |
| 2012 | $210K | $225K | $153K | $0 | — | View 990 |
| 2011 | $201K | $155K | $168K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $714K, expenses of $570K, and assets of $920K (revenue +3.3% year-over-year).
- 2022: Revenue of $691K, expenses of $418K, and assets of $787K (revenue +32.3% year-over-year).
- 2021: Revenue of $523K, expenses of $342K, and assets of $478K (revenue +60.3% year-over-year).
- 2020: Revenue of $326K, expenses of $257K, and assets of $267K (revenue -28.9% year-over-year).
- 2019: Revenue of $458K, expenses of $382K, and assets of $173K (revenue +1.2% year-over-year).
- 2018: Revenue of $453K, expenses of $436K, and assets of $95K (revenue +30.6% year-over-year).
- 2017: Revenue of $347K, expenses of $512K, and assets of $79K (revenue -28.3% year-over-year).
- 2016: Revenue of $483K, expenses of $442K, and assets of $319K (revenue +55.3% year-over-year).
- 2015: Revenue of $311K, expenses of $343K, and assets of $202K (revenue -5.6% year-over-year).
- 2014: Revenue of $329K, expenses of $287K, and assets of $234K (revenue +32.3% year-over-year).
- 2013: Revenue of $249K, expenses of $211K, and assets of $192K (revenue +18.6% year-over-year).
- 2012: Revenue of $210K, expenses of $225K, and assets of $153K (revenue +4.7% year-over-year).
- 2011: Revenue of $201K, expenses of $155K, and assets of $168K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Invention Convention Inc:
Data Sources and Methodology
This transparency report for Connecticut Invention Convention 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.