Families Network Of Western Connecticut Inc
Families Network Of Western Connecticut Inc maintains stable finances with no reported officer compensation.
EIN: 200232546 · Danbury, CT · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $956K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1,022,004 |
| Net Assets | $469K |
| Transparency Score | 90/100 |
Is Families Network Of Western Connecticut Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Families Network Of Western Connecticut Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Families Network Of Western Connecticut Inc
Families Network Of Western Connecticut Inc (EIN: 200232546) is a nonprofit organization based in Danbury, CT, classified under NTEE code P80. The organization reported total revenue of $1.0M and total assets of $610K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Families Network Of Western Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Families Network Of Western Connecticut Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $936K |
| Total Expenses | $956K |
| Surplus / Deficit | $-19,775 |
| Total Assets | $594K |
| Total Liabilities | $125K |
| Net Assets | $469K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 21.0% |
| Months of Reserves | 7.5 months |
Financial Health Grade: B
In 2024, Families Network Of Western Connecticut Inc reported a deficit of $20K with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 21.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Families Network Of Western Connecticut Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -15.9% | -4.4% | -2.9% |
| 2023 | +9.8% | +21.8% | +43.8% |
| 2022 | +313.7% | +233.1% | +60.0% |
| 2021 | -7.7% | -19.3% | +37.8% |
| 2020 | -56.9% | -56.8% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Families Network Of Western Connecticut Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Families Network Of Western Connecticut Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of this size (latest revenue $1,022,004).
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 Families Network Of Western Connecticut Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication.
- Positive net assets and growth in assets over time, showing financial stability.
- Generally manages expenses within or below revenue, avoiding significant deficits.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Families Network Of Western Connecticut Inc
Is Families Network Of Western Connecticut Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Families Network Of Western Connecticut Inc (EIN: 200232546) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Families Network Of Western Connecticut Inc spend its money?
Families Network Of Western Connecticut Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Families Network Of Western Connecticut Inc tax-deductible?
Families Network Of Western Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 200232546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Families Network Of Western Connecticut Inc CEO make?
Families Network Of Western Connecticut Inc's highest-compensated officer earns $1,022,004 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Families Network Of Western Connecticut Inc's spending goes to programs?
Families Network Of Western Connecticut Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Families Network Of Western Connecticut Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Families Network Of Western Connecticut Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Families Network Of Western Connecticut Inc located?
Families Network Of Western Connecticut Inc is headquartered in Danbury, Connecticut and files with the IRS under EIN 200232546. It is classified under NTEE code P80.
How many years of IRS 990 filings does Families Network Of Western Connecticut Inc have?
Families Network Of Western Connecticut 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 $1.0M in total revenue.
Is Families Network Of Western Connecticut Inc a good charity?
Based on the provided data, the organization appears to be a good charity. It consistently manages its finances well, often operating with a surplus, and reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth and fluctuation. It was around $250,000 in 202106, then jumped to over $1 million in 202206 and 202306, before slightly decreasing to $935,968 in 202406, indicating a period of substantial expansion.
What is the organization's asset growth like?
Assets have shown strong growth, increasing from $193,075 in 202006 to $610,288 in the latest period, demonstrating an improved financial position and capacity.
Filing History
IRS 990 filing history for Families Network Of Western Connecticut Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Families Network Of Western Connecticut Inc's revenue has grown by 179.4%, moving from $335K to $936K. Total assets increased by 559.8% over the same period, from $90K to $594K. Total functional expenses rose by 177.9%, from $344K to $956K. In its most recent filing year (2024), Families Network Of Western Connecticut Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $125K in liabilities against $594K in assets (debt-to-asset ratio: 21.0%), resulting in net assets of $469K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $936K | $956K | $594K | $125K | — | View 990 |
| 2023 | $1.1M | $1000K | $612K | $123K | — | View 990 |
| 2022 | $1.0M | $821K | $426K | $50K | — | View 990 |
| 2021 | $245K | $246K | $266K | $80K | — | View 990 |
| 2020 | $266K | $306K | $193K | $82K | — | View 990 |
| 2019 | $617K | $708K | $155K | $4K | — | View 990 |
| 2018 | $654K | $668K | $291K | $48K | — | — |
| 2017 | $744K | $748K | $366K | $109K | — | View 990 |
| 2016 | $729K | $689K | $274K | $13K | — | View 990 |
| 2015 | $668K | $585K | $244K | $23K | — | View 990 |
| 2014 | $570K | $534K | $157K | $19K | — | View 990 |
| 2013 | $361K | $336K | $117K | $15K | — | View 990 |
| 2012 | $335K | $344K | $90K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $936K, expenses of $956K, and assets of $594K (revenue -15.9% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1000K, and assets of $612K (revenue +9.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $821K, and assets of $426K (revenue +313.7% year-over-year).
- 2021: Revenue of $245K, expenses of $246K, and assets of $266K (revenue -7.7% year-over-year).
- 2020: Revenue of $266K, expenses of $306K, and assets of $193K (revenue -56.9% year-over-year).
- 2019: Revenue of $617K, expenses of $708K, and assets of $155K (revenue -5.8% year-over-year).
- 2018: Revenue of $654K, expenses of $668K, and assets of $291K (revenue -12.0% year-over-year).
- 2017: Revenue of $744K, expenses of $748K, and assets of $366K (revenue +2.1% year-over-year).
- 2016: Revenue of $729K, expenses of $689K, and assets of $274K (revenue +9.1% year-over-year).
- 2015: Revenue of $668K, expenses of $585K, and assets of $244K (revenue +17.1% year-over-year).
- 2014: Revenue of $570K, expenses of $534K, and assets of $157K (revenue +58.0% year-over-year).
- 2013: Revenue of $361K, expenses of $336K, and assets of $117K (revenue +7.7% year-over-year).
- 2012: Revenue of $335K, expenses of $344K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Families Network Of Western Connecticut Inc:
Data Sources and Methodology
This transparency report for Families Network Of Western Connecticut 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.