Ferret Association Of Connecticut Inc
EIN: 61386567 · Hartford, CT · NTEE: D200
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $66K |
| Net Assets | $660K |
Is Ferret Association Of Connecticut Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ferret Association Of Connecticut Inc
Ferret Association Of Connecticut Inc (EIN: 61386567) is a nonprofit organization based in Hartford, CT, classified under NTEE code D200. The organization reported total revenue of $77K and total assets of $717K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ferret Association Of Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ferret Association Of Connecticut Inc is a micro nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $66K |
| Surplus / Deficit | +$16K |
| Total Assets | $660K |
| Net Assets | $660K |
| Operating Margin | 19.3% |
| Months of Reserves | 119.3 months |
Financial Health Grade: A
In 2023, Ferret Association Of Connecticut Inc reported a surplus of $16K with revenue exceeding expenses, holds 119.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Ferret Association Of Connecticut Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.1% | -29.3% | +10.2% |
| 2022 | +543.7% | +51.2% | +245.2% |
| 2021 | +3.4% | +9.6% | +27.2% |
| 2020 | -4.5% | -11.1% | +39.0% |
| 2019 | +53.9% | +12.2% | +43.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ferret Association Of Connecticut Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ferret Association Of Connecticut Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
Frequently Asked Questions about Ferret Association Of Connecticut Inc
Is Ferret Association Of Connecticut Inc a legitimate charity?
Ferret Association Of Connecticut Inc (EIN: 61386567) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. Financial health grade: A.
How does Ferret Association Of Connecticut Inc spend its money?
Ferret Association Of Connecticut Inc reported $77K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ferret Association Of Connecticut Inc tax-deductible?
Ferret Association Of Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 61386567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ferret Association Of Connecticut Inc located?
Ferret Association Of Connecticut Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 61386567. It is classified under NTEE code D200.
How many years of IRS 990 filings does Ferret Association Of Connecticut Inc have?
Ferret Association Of 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 $77K in total revenue.
Filing History
IRS 990 filing history for Ferret Association Of Connecticut Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ferret Association Of Connecticut Inc's revenue has grown by 43.4%, moving from $57K to $82K. Total assets increased by 2077.4% over the same period, from $30K to $660K. Total functional expenses rose by 13.2%, from $59K to $66K. In its most recent filing year (2023), Ferret Association Of Connecticut Inc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $66K | $660K | $0 | — | View 990 |
| 2022 | $594K | $94K | $599K | $0 | — | View 990 |
| 2021 | $92K | $62K | $174K | $0 | — | — |
| 2020 | $89K | $57K | $136K | $0 | — | — |
| 2019 | $93K | $64K | $98K | $0 | — | View 990 |
| 2018 | $61K | $57K | $69K | $0 | — | View 990 |
| 2017 | $74K | $61K | $62K | $0 | — | — |
| 2016 | $73K | $67K | $49K | $0 | — | View 990 |
| 2015 | $60K | $58K | $43K | $0 | — | View 990 |
| 2014 | $62K | $55K | $40K | $0 | — | View 990 |
| 2013 | $65K | $63K | $33K | $0 | — | View 990 |
| 2012 | $56K | $57K | $31K | $0 | — | View 990 |
| 2011 | $57K | $59K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $66K, and assets of $660K (revenue -86.1% year-over-year).
- 2022: Revenue of $594K, expenses of $94K, and assets of $599K (revenue +543.7% year-over-year).
- 2021: Revenue of $92K, expenses of $62K, and assets of $174K (revenue +3.4% year-over-year).
- 2020: Revenue of $89K, expenses of $57K, and assets of $136K (revenue -4.5% year-over-year).
- 2019: Revenue of $93K, expenses of $64K, and assets of $98K (revenue +53.9% year-over-year).
- 2018: Revenue of $61K, expenses of $57K, and assets of $69K (revenue -18.3% year-over-year).
- 2017: Revenue of $74K, expenses of $61K, and assets of $62K (revenue +2.0% year-over-year).
- 2016: Revenue of $73K, expenses of $67K, and assets of $49K (revenue +20.7% year-over-year).
- 2015: Revenue of $60K, expenses of $58K, and assets of $43K (revenue -3.1% year-over-year).
- 2014: Revenue of $62K, expenses of $55K, and assets of $40K (revenue -4.3% year-over-year).
- 2013: Revenue of $65K, expenses of $63K, and assets of $33K (revenue +15.2% year-over-year).
- 2012: Revenue of $56K, expenses of $57K, and assets of $31K (revenue -1.6% year-over-year).
- 2011: Revenue of $57K, expenses of $59K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ferret Association Of Connecticut Inc:
Data Sources and Methodology
This transparency report for Ferret Association Of 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.