Feile Incorporated
Feile Incorporated: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 223043352 · Fairfield, CT · NTEE: A230 · Updated: 2026-04-04
Is Feile Incorporated Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Feile Incorporated
Feile Incorporated (EIN: 223043352) is a nonprofit organization based in Fairfield, CT, classified under NTEE code A230. The organization reported total revenue of $59K and total assets of $269K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Feile Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Feile Incorporated is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $46K |
| Surplus / Deficit | $-33,237 |
| Total Assets | $285K |
| Net Assets | $285K |
| Operating Margin | -265.6% |
| Months of Reserves | 74.8 months |
Financial Health Grade: B
In 2023, Feile Incorporated reported a deficit of $33K with expenses exceeding revenue, holds 74.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Feile Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.7% | +26.6% | -6.8% |
| 2022 | -80.2% | +27.2% | -13.2% |
| 2021 | +1293.9% | -20.1% | +4.5% |
| 2020 | -91.7% | -31.7% | -6.9% |
| 2019 | -9.2% | +16.1% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Feile Incorporated 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, Feile Incorporated 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 $33K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data.
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 Feile Incorporated's IRS 990 filings:
- Zero reported program spending (0% of expenses) suggests the organization may not be directly fulfilling its mission.
- Consistent decline in revenue from $35,995 in 2018 to $5,880 in 2023, while administrative expenses remain high.
- Total expenses consistently exceed revenue, leading to a depletion of assets over time.
- Lack of transparency regarding the nature of administrative expenses, given no program spending.
- Assets have decreased significantly from $375,197 in 2018 to $269,002 in 2023.
Strengths
The following positive indicators were identified for Feile Incorporated:
- The organization has maintained a legal presence and filed required financial documents consistently.
Frequently Asked Questions about Feile Incorporated
Is Feile Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Feile Incorporated (EIN: 223043352) significant concerns. Mission Score: 45/100. 5 red flags identified, 1 strength noted.
How does Feile Incorporated spend its money?
Detailed spending breakdown data is not yet available for Feile Incorporated. Check back for updated IRS 990 analysis.
Are donations to Feile Incorporated tax-deductible?
Feile Incorporated is registered as a tax-exempt nonprofit (EIN: 223043352). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Feile Incorporated do?
Feile Incorporated is a nonprofit organization in the Arts, Culture & Humanities sector, located in Fairfield, Connecticut. It is classified under NTEE code A230.
How much revenue does Feile Incorporated have?
Feile Incorporated reported total revenue of $58,808. Based on 13 IRS 990 filings on record.
What are Feile Incorporated's total assets?
Feile Incorporated holds total assets of $269,002 as reported in IRS 990 filings.
Where is Feile Incorporated located?
Feile Incorporated is based in Fairfield, Connecticut.
What is Feile Incorporated's EIN?
Feile Incorporated's Employer Identification Number (EIN) is 223043352. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Feile Incorporated?
Feile Incorporated is classified under NTEE code A230 (Arts, Culture & Humanities).
Is Feile Incorporated a registered 501(c)(3)?
Yes, Feile Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 223043352.
Does Feile Incorporated file IRS Form 990?
Yes, Feile Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Feile Incorporated's revenue in 2023?
In the 202312 filing period, Feile Incorporated reported total revenue of $12,513, total expenses of $45,750, and net assets of $285,256.
Is Feile Incorporated's revenue growing or declining?
Feile Incorporated's revenue is growing. Revenue went from $7,462 (202212) to $12,513 (202312), a +67.7% change. Based on 13 filings on record.
What is Feile Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Feile Incorporated covers tax period 202312. It shows revenue of $12,513, expenses of $45,750, total assets of $285,256, and liabilities of N/A.
Is Feile Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Feile Incorporated shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Feile Incorporated?
The following concerns were identified: Zero reported program spending (0% of expenses) suggests the organization may not be directly fulfilling its mission.. Consistent decline in revenue from $35,995 in 2018 to $5,880 in 2023, while administrative expenses remain high.. Total expenses consistently exceed revenue, leading to a depletion of assets over time.. Lack of transparency regarding the nature of administrative expenses, given no program spending.. Assets have decreased significantly from $375,197 in 2018 to $269,002 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Feile Incorporated's strengths?
Positive indicators for Feile Incorporated include: The organization has maintained a legal presence and filed required financial documents consistently.. These findings are derived from AI analysis of the organization's financial filings.
How does Feile Incorporated compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given 0% program spending and 100% administrative expenses, what specific activities does Feile Incorporated undertake to fulfill its stated purpose?
The provided data indicates all expenses are administrative, with no direct program spending. This raises questions about the actual charitable activities performed by Feile Incorporated.
What is the long-term financial viability of Feile Incorporated, considering its consistent revenue decline and asset depletion?
With revenue consistently lower than expenses and assets decreasing year over year (e.g., from $375,197 in 2018 to $269,002 in 2023), the organization's financial sustainability appears to be at risk without a significant change in operations or funding.
Filing History
IRS 990 filing history for Feile Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Feile Incorporated's revenue has grown by 311.7%, moving from $3K to $13K. Total assets decreased by 42.3% over the same period, from $495K to $285K. Total functional expenses fell by 24.5%, from $61K to $46K. In its most recent filing year (2023), Feile Incorporated reported a deficit of $33K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $46K | $285K | $0 | — | — |
| 2022 | $7K | $36K | $306K | $0 | — | View 990 |
| 2021 | $38K | $28K | $352K | $0 | — | — |
| 2020 | $3K | $36K | $337K | $0 | — | — |
| 2019 | $33K | $52K | $362K | $0 | — | View 990 |
| 2018 | $36K | $45K | $375K | $0 | — | View 990 |
| 2017 | $35K | $32K | $390K | $0 | — | View 990 |
| 2016 | $11K | $46K | $383K | $0 | — | View 990 |
| 2015 | $-12,401 | $30K | $416K | $0 | — | View 990 |
| 2014 | $29K | $38K | $465K | $0 | — | View 990 |
| 2013 | $22 | $31K | $474K | $0 | — | View 990 |
| 2012 | $45K | $46K | $494K | $0 | — | View 990 |
| 2011 | $3K | $61K | $495K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $46K, and assets of $285K (revenue +67.7% year-over-year).
- 2022: Revenue of $7K, expenses of $36K, and assets of $306K (revenue -80.2% year-over-year).
- 2021: Revenue of $38K, expenses of $28K, and assets of $352K (revenue +1293.9% year-over-year).
- 2020: Revenue of $3K, expenses of $36K, and assets of $337K (revenue -91.7% year-over-year).
- 2019: Revenue of $33K, expenses of $52K, and assets of $362K (revenue -9.2% year-over-year).
- 2018: Revenue of $36K, expenses of $45K, and assets of $375K (revenue +2.5% year-over-year).
- 2017: Revenue of $35K, expenses of $32K, and assets of $390K (revenue +213.0% year-over-year).
- 2016: Revenue of $11K, expenses of $46K, and assets of $383K.
- 2015: Revenue of $-12,401, expenses of $30K, and assets of $416K (revenue -143.3% year-over-year).
- 2014: Revenue of $29K, expenses of $38K, and assets of $465K (revenue +130100.0% year-over-year).
- 2013: Revenue of $22, expenses of $31K, and assets of $474K (revenue -100.0% year-over-year).
- 2012: Revenue of $45K, expenses of $46K, and assets of $494K (revenue +1382.2% year-over-year).
- 2011: Revenue of $3K, expenses of $61K, and assets of $495K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Feile Incorporated:
Data Sources and Methodology
This transparency report for Feile Incorporated 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.