Cw Group Inc
Cw Group Inc: Declining Assets, Stagnant Revenue, and Lack of Transparency
EIN: 222784283 · New Britain, CT · Updated: 2026-04-04
Is Cw Group Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cw Group Inc
Cw Group Inc (EIN: 222784283) is a nonprofit organization based in New Britain, CT. The organization reported total revenue of $13.4M and total assets of $71.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cw Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cw Group Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $373K |
| Surplus / Deficit | $-156,207 |
| Total Assets | $2.6M |
| Total Liabilities | $12K |
| Net Assets | $2.6M |
| Operating Margin | -72.0% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 82.9 months |
Financial Health Grade: B
In 2023, Cw Group Inc reported a deficit of $156K with expenses exceeding revenue, holds 82.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cw Group Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -2.7% | -13.4% |
| 2022 | +0.0% | +5.8% | -5.6% |
| 2021 | -9.0% | -0.1% | -4.4% |
| 2020 | +0.5% | +12.5% | -3.9% |
| 2019 | -1.6% | -8.1% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Cw Group 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Cw Group Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $156K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's asset base and operational expenses.
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 Cw Group Inc's IRS 990 filings:
- Consistent reporting of $0 program expenses, suggesting no direct charitable activities.
- Declining total assets from $3,786,851 in 2016 to $2,576,740 in 2023.
- Stagnant revenue around $200,000-$230,000 annually, with no growth.
- Lack of clarity on the organization's mission and activities given the absence of program expenses.
- Unusual reporting of 0% compensation for all key personnel over multiple years.
Strengths
The following positive indicators were identified for Cw Group Inc:
- Consistent revenue generation, albeit stagnant.
- Maintains a significant asset base, despite decline.
Frequently Asked Questions about Cw Group Inc
Is Cw Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cw Group Inc (EIN: 222784283) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does Cw Group Inc spend its money?
Detailed spending breakdown data is not yet available for Cw Group Inc. Check back for updated IRS 990 analysis.
Are donations to Cw Group Inc tax-deductible?
Cw Group Inc is registered as a tax-exempt nonprofit (EIN: 222784283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Cw Group Inc do?
Cw Group Inc is a nonprofit organization in the Unknown sector, located in New Britain, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Cw Group Inc have?
Cw Group Inc reported total revenue of $13,420,813. Based on 13 IRS 990 filings on record.
What are Cw Group Inc's total assets?
Cw Group Inc holds total assets of $71,099,290 as reported in IRS 990 filings.
Where is Cw Group Inc located?
Cw Group Inc is based in New Britain, Connecticut.
What is Cw Group Inc's EIN?
Cw Group Inc's Employer Identification Number (EIN) is 222784283. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cw Group Inc?
Cw Group Inc is classified under NTEE code Unknown (Unknown).
Is Cw Group Inc a registered 501(c)(3)?
Cw Group Inc appears in IRS records (EIN: 222784283). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Cw Group Inc file IRS Form 990?
Yes, Cw Group Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Cw Group Inc's revenue in 2023?
In the 202306 filing period, Cw Group Inc reported total revenue of $216,900, total expenses of $373,107, and net assets of $2,576,740.
Is Cw Group Inc's revenue growing or declining?
Cw Group Inc's revenue is relatively stable. Revenue went from $208,800 (202206) to $216,900 (202306), a +3.9% change. Based on 13 filings on record.
What is Cw Group Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cw Group Inc covers tax period 202306. It shows revenue of $216,900, expenses of $373,107, total assets of $2,576,740, and liabilities of $11,907.
Is Cw Group Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cw Group Inc shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 2 strengths noted.
What are the red flags for Cw Group Inc?
The following concerns were identified: Consistent reporting of $0 program expenses, suggesting no direct charitable activities.. Declining total assets from $3,786,851 in 2016 to $2,576,740 in 2023.. Stagnant revenue around $200,000-$230,000 annually, with no growth.. Lack of clarity on the organization's mission and activities given the absence of program expenses.. Unusual reporting of 0% compensation for all key personnel over multiple years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cw Group Inc's strengths?
Positive indicators for Cw Group Inc include: Consistent revenue generation, albeit stagnant.. Maintains a significant asset base, despite decline.. These findings are derived from AI analysis of the organization's financial filings.
How does Cw Group Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's asset base and operational expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Cw Group Inc?
• No program service accomplishments or expenses are reported in recent filings. • The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual for an organization with significant assets. • Detailed financial breakdowns beyond basic revenue and expenses are not readily available in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the actual purpose and activity of Cw Group Inc, given that it reports $0 in program expenses annually?
The provided data indicates that Cw Group Inc consistently reports $0 in program service expenses, which raises questions about its charitable activities and how it fulfills its nonprofit mission. All reported expenses appear to be administrative or related to fundraising, with no direct spending on programs.
How does Cw Group Inc operate with $0 compensation for all officers, directors, trustees, and key employees, as reported in its filings?
The consistent reporting of $0 compensation for all key personnel is highly unusual for an organization with an asset base exceeding $2.5 million and ongoing operational expenses. This suggests either volunteer-only leadership, or that compensation is being reported under different categories, or is being provided by an external entity, which would require further disclosure to ensure transparency.
Filing History
IRS 990 filing history for Cw Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cw Group Inc's revenue has declined by 5.9%, moving from $231K to $217K. Total assets decreased by 43.2% over the same period, from $4.5M to $2.6M. Total functional expenses rose by 15.7%, from $323K to $373K. In its most recent filing year (2023), Cw Group Inc reported a deficit of $156K, with expenses exceeding revenue. The organization holds $12K in liabilities against $2.6M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $373K | $2.6M | $12K | — | — |
| 2022 | $209K | $383K | $3.0M | $6K | — | View 990 |
| 2021 | $209K | $362K | $3.2M | $9K | — | View 990 |
| 2020 | $229K | $363K | $3.3M | $0 | — | View 990 |
| 2019 | $228K | $323K | $3.4M | $0 | — | View 990 |
| 2018 | $232K | $351K | $3.5M | $5K | — | View 990 |
| 2017 | $228K | $368K | $3.7M | $6K | — | View 990 |
| 2016 | $211K | $469K | $3.8M | $1K | — | View 990 |
| 2015 | $210K | $364K | $4.0M | $2K | — | View 990 |
| 2014 | $210K | $348K | $4.2M | $8K | — | View 990 |
| 2013 | $212K | $328K | $4.4M | $23K | — | View 990 |
| 2012 | $227K | $308K | $4.5M | $1K | — | View 990 |
| 2011 | $231K | $323K | $4.5M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $373K, and assets of $2.6M (revenue +3.9% year-over-year).
- 2022: Revenue of $209K, expenses of $383K, and assets of $3.0M (revenue +0.0% year-over-year).
- 2021: Revenue of $209K, expenses of $362K, and assets of $3.2M (revenue -9.0% year-over-year).
- 2020: Revenue of $229K, expenses of $363K, and assets of $3.3M (revenue +0.5% year-over-year).
- 2019: Revenue of $228K, expenses of $323K, and assets of $3.4M (revenue -1.6% year-over-year).
- 2018: Revenue of $232K, expenses of $351K, and assets of $3.5M (revenue +1.6% year-over-year).
- 2017: Revenue of $228K, expenses of $368K, and assets of $3.7M (revenue +8.3% year-over-year).
- 2016: Revenue of $211K, expenses of $469K, and assets of $3.8M (revenue +0.5% year-over-year).
- 2015: Revenue of $210K, expenses of $364K, and assets of $4.0M (revenue +0.0% year-over-year).
- 2014: Revenue of $210K, expenses of $348K, and assets of $4.2M (revenue -1.0% year-over-year).
- 2013: Revenue of $212K, expenses of $328K, and assets of $4.4M (revenue -6.7% year-over-year).
- 2012: Revenue of $227K, expenses of $308K, and assets of $4.5M (revenue -1.5% year-over-year).
- 2011: Revenue of $231K, expenses of $323K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cw Group Inc:
Data Sources and Methodology
This transparency report for Cw Group 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.