Contact Collaborations Inc
Contact Collaborations Inc faces significant financial decline with persistent operating deficits and shrinking revenue.
EIN: 112498972 · E Charleston, VT · NTEE: A33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $35K |
| Program Spending | 75% |
| Net Assets | $146K |
| Transparency Score | 45/100 |
Is Contact Collaborations Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Contact Collaborations Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Contact Collaborations Inc
Contact Collaborations Inc (EIN: 112498972) is a nonprofit organization based in E Charleston, VT, classified under NTEE code A33Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Contact Collaborations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Contact Collaborations Inc is a micro nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $35K |
| Surplus / Deficit | $-13,063 |
| Total Assets | $146K |
| Total Liabilities | $372 |
| Net Assets | $146K |
| Operating Margin | -59.2% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 49.9 months |
Financial Health Grade: B
In 2023, Contact Collaborations Inc reported a deficit of $13K with expenses exceeding revenue, holds 49.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Contact Collaborations Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.8% | -50.9% | -8.3% |
| 2022 | -67.7% | -24.0% | -12.5% |
| 2021 | -0.3% | -35.9% | +31.3% |
| 2020 | +46.3% | +41.2% | +9.8% |
| 2019 | -31.8% | -40.0% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Contact Collaborations 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Contact Collaborations Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation is not reported in this specific section of the 990. This suggests a lean overhead in terms of leadership salaries relative to the organization's size and declining financial activity.
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 Contact Collaborations Inc's IRS 990 filings:
- Significant and consistent decline in revenue, from $151,290 in 202108 to $22,079 in 202308.
- Persistent operating deficits, with expenses exceeding revenue in 202308 ($35,142 vs $22,079) and 202208 ($71,554 vs $48,886).
- Decreasing asset base, from $188,401 in 201608 to $146,095 in 202308, indicating a depletion of resources.
- Lack of detailed expense breakdown in provided data, hindering full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Contact Collaborations Inc:
- Consistent reporting of 0% officer compensation, suggesting low executive overhead.
- Regular filing of IRS 990 forms, indicating transparency in financial reporting.
Frequently Asked Questions about Contact Collaborations Inc
Is Contact Collaborations Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Contact Collaborations Inc (EIN: 112498972) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Contact Collaborations Inc spend its money?
Contact Collaborations Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Contact Collaborations Inc tax-deductible?
Contact Collaborations Inc is registered as a tax-exempt nonprofit (EIN: 112498972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Contact Collaborations Inc's spending goes to programs?
Contact Collaborations Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Contact Collaborations Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Contact Collaborations Inc is near average for NTEE category A33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Contact Collaborations Inc located?
Contact Collaborations Inc is headquartered in E Charleston, Vermont and files with the IRS under EIN 112498972. It is classified under NTEE code A33Z.
How many years of IRS 990 filings does Contact Collaborations Inc have?
Contact Collaborations 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.
Is Contact Collaborations Inc a good charity?
The organization's financial health has significantly deteriorated, with revenue dropping from over $150,000 in 2020-2021 to $22,079 in 2023. It has consistently spent more than it earned in recent years, raising concerns about its long-term viability and ability to deliver on its mission effectively.
What caused the sharp decline in revenue?
The provided data does not specify the reasons for the revenue decline from $151,290 in 202108 to $22,079 in 202308. Further investigation into their funding sources and program activities would be needed to understand this trend.
How does the organization cover its deficits?
With expenses exceeding revenue in recent years (e.g., $35,142 expenses vs. $22,079 revenue in 202308), the organization is likely drawing down on its assets, which have decreased from $188,401 in 201608 to $146,095 in 202308, or relying on prior year surpluses.
What are the primary expenses of the organization?
The provided data only gives total expenses. Without a detailed breakdown from the 990 filings, it's impossible to determine the primary expense categories, such as program costs, administrative overhead, or fundraising expenses.
Filing History
IRS 990 filing history for Contact Collaborations Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Contact Collaborations Inc's revenue has declined by 82.8%, moving from $128K to $22K. Total assets decreased by 13.5% over the same period, from $169K to $146K. Total functional expenses fell by 75.3%, from $142K to $35K. In its most recent filing year (2023), Contact Collaborations Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $372 in liabilities against $146K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $146K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22K | $35K | $146K | $372 | — | — |
| 2022 | $49K | $72K | $159K | $532 | — | View 990 |
| 2021 | $151K | $94K | $182K | $525 | — | — |
| 2020 | $152K | $147K | $139K | $18K | — | View 990 |
| 2019 | $104K | $104K | $126K | $15K | — | View 990 |
| 2018 | $152K | $173K | $140K | $22K | — | View 990 |
| 2017 | $130K | $143K | $175K | $27K | — | — |
| 2016 | $175K | $137K | $188K | $32K | — | View 990 |
| 2015 | $156K | $165K | $153K | $32K | — | View 990 |
| 2014 | $133K | $152K | $166K | $37K | — | View 990 |
| 2013 | $133K | $128K | $171K | $42K | — | View 990 |
| 2012 | $115K | $141K | $164K | $43K | — | View 990 |
| 2011 | $128K | $142K | $169K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22K, expenses of $35K, and assets of $146K (revenue -54.8% year-over-year).
- 2022: Revenue of $49K, expenses of $72K, and assets of $159K (revenue -67.7% year-over-year).
- 2021: Revenue of $151K, expenses of $94K, and assets of $182K (revenue -0.3% year-over-year).
- 2020: Revenue of $152K, expenses of $147K, and assets of $139K (revenue +46.3% year-over-year).
- 2019: Revenue of $104K, expenses of $104K, and assets of $126K (revenue -31.8% year-over-year).
- 2018: Revenue of $152K, expenses of $173K, and assets of $140K (revenue +16.5% year-over-year).
- 2017: Revenue of $130K, expenses of $143K, and assets of $175K (revenue -25.6% year-over-year).
- 2016: Revenue of $175K, expenses of $137K, and assets of $188K (revenue +12.4% year-over-year).
- 2015: Revenue of $156K, expenses of $165K, and assets of $153K (revenue +17.2% year-over-year).
- 2014: Revenue of $133K, expenses of $152K, and assets of $166K (revenue +0.1% year-over-year).
- 2013: Revenue of $133K, expenses of $128K, and assets of $171K (revenue +15.5% year-over-year).
- 2012: Revenue of $115K, expenses of $141K, and assets of $164K (revenue -10.2% year-over-year).
- 2011: Revenue of $128K, expenses of $142K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Contact Collaborations Inc:
Data Sources and Methodology
This transparency report for Contact Collaborations 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.