Corporate Angel Network Inc
Corporate Angel Network Inc consistently operates with low liabilities and no reported officer compensation, maintaining a stable asset base.
EIN: 136143014 · Danbury, CT · NTEE: G193 · Updated: 2026-03-28
Is Corporate Angel Network Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corporate Angel Network Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corporate Angel Network Inc
Corporate Angel Network Inc (EIN: 136143014) is a nonprofit organization based in Danbury, CT, classified under NTEE code G193. The organization reported total revenue of $1.5M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corporate Angel Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corporate Angel Network Inc is a mid-size nonprofit that has been operating for 62 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-76,117 |
| Total Assets | $4.3M |
| Total Liabilities | $76K |
| Net Assets | $4.2M |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 41.9 months |
Financial Health Grade: B
In 2023, Corporate Angel Network Inc reported a deficit of $76K with expenses exceeding revenue, holds 41.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Corporate Angel Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | -13.7% | +8.0% |
| 2022 | -29.3% | +32.0% | -21.2% |
| 2021 | +51.9% | +30.2% | +15.1% |
| 2020 | +15.2% | -13.1% | +17.7% |
| 2019 | -23.9% | -8.9% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Corporate Angel Network Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Corporate Angel Network Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly commendable for a nonprofit of its size with annual revenues exceeding $1 million.
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.
Strengths
The following positive indicators were identified for Corporate Angel Network Inc:
- No reported officer compensation across all filings, indicating high efficiency and mission focus.
- Consistently low liabilities, demonstrating strong financial management and minimal debt.
- Healthy and stable asset base, providing financial security and capacity.
- Strong program spending ratio (estimated 90%) based on the absence of officer compensation and low administrative overhead.
- Consistent revenue generation over the past decade, showing donor support.
Frequently Asked Questions about Corporate Angel Network Inc
Is Corporate Angel Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corporate Angel Network Inc (EIN: 136143014) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Corporate Angel Network Inc spend its money?
Corporate Angel Network Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corporate Angel Network Inc tax-deductible?
Corporate Angel Network Inc is registered as a tax-exempt nonprofit (EIN: 136143014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Corporate Angel Network Inc a good charity?
Based on the available IRS 990 data, Corporate Angel Network Inc appears to be a very good charity. It consistently reports no officer compensation, maintains low liabilities, and has a stable to growing asset base, all strong indicators of responsible financial stewardship and a focus on its mission.
How has Corporate Angel Network Inc's revenue trended over the past few years?
Corporate Angel Network Inc's revenue has fluctuated but generally shown growth, from $656,208 in 2015 to $1,145,636 in 2023, with a peak of $1,458,856 in 2021. This indicates a generally positive fundraising environment.
What is the organization's financial stability?
The organization demonstrates strong financial stability, with assets consistently above $3 million and reaching $4,661,708 in the latest period, while liabilities remain very low (e.g., $75,887 in 2023). This indicates a healthy balance sheet and strong reserves.
Filing History
IRS 990 filing history for Corporate Angel Network Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Corporate Angel Network Inc's revenue has declined by 37.9%, moving from $1.8M to $1.1M. Total assets increased by 42% over the same period, from $3.0M to $4.3M. Total functional expenses rose by 109.5%, from $583K to $1.2M. In its most recent filing year (2023), Corporate Angel Network Inc reported a deficit of $76K, with expenses exceeding revenue. The organization holds $76K in liabilities against $4.3M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $4.3M | $76K | — | — |
| 2022 | $1.0M | $1.4M | $4.0M | $143K | — | View 990 |
| 2021 | $1.5M | $1.1M | $5.0M | $38K | — | View 990 |
| 2020 | $961K | $823K | $4.4M | $140K | — | — |
| 2019 | $834K | $948K | $3.7M | $23K | — | View 990 |
| 2018 | $1.1M | $1.0M | $3.4M | $107K | — | View 990 |
| 2017 | $1.2M | $925K | $3.7M | $35K | — | — |
| 2016 | $869K | $868K | $3.4M | $13K | — | View 990 |
| 2015 | $656K | $614K | $3.3M | $14K | — | View 990 |
| 2013 | $656K | $572K | $3.4M | $20K | — | View 990 |
| 2012 | $880K | $610K | $3.3M | $15K | — | View 990 |
| 2011 | $1.8M | $583K | $3.0M | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $4.3M (revenue +11.1% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.4M, and assets of $4.0M (revenue -29.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $5.0M (revenue +51.9% year-over-year).
- 2020: Revenue of $961K, expenses of $823K, and assets of $4.4M (revenue +15.2% year-over-year).
- 2019: Revenue of $834K, expenses of $948K, and assets of $3.7M (revenue -23.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $3.4M (revenue -6.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $925K, and assets of $3.7M (revenue +34.9% year-over-year).
- 2016: Revenue of $869K, expenses of $868K, and assets of $3.4M (revenue +32.4% year-over-year).
- 2015: Revenue of $656K, expenses of $614K, and assets of $3.3M (revenue +-0.0% year-over-year).
- 2013: Revenue of $656K, expenses of $572K, and assets of $3.4M (revenue -25.4% year-over-year).
- 2012: Revenue of $880K, expenses of $610K, and assets of $3.3M (revenue -52.3% year-over-year).
- 2011: Revenue of $1.8M, expenses of $583K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corporate Angel Network Inc:
Data Sources and Methodology
This transparency report for Corporate Angel Network 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.