Friends Of Canton Football Inc
Friends Of Canton Football Inc consistently reports zero officer compensation and liabilities, but experiences periodic deficits.
EIN: 20762994 · Canton, CT · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $46K |
| Total Expenses | $52K |
| Program Spending | 85% |
| Net Assets | $47K |
| Transparency Score | 80/100 |
Is Friends Of Canton Football Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Canton Football Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Canton Football Inc
Friends Of Canton Football Inc (EIN: 20762994) is a nonprofit organization based in Canton, CT, classified under NTEE code B112. The organization reported total revenue of $46K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Canton Football Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Canton Football Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $52K |
| Surplus / Deficit | $-11,397 |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | -28.0% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2023, Friends Of Canton Football Inc reported a deficit of $11K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Canton Football Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +17.9% | -19.6% |
| 2022 | +51.7% | +145.8% | -3.4% |
| 2021 | +30.1% | -42.3% | +19.4% |
| 2020 | -41.7% | +3.0% | -16.3% |
| 2019 | +12.5% | -25.8% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Friends Of Canton Football Inc with a Mission Score of 80 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, Friends Of Canton Football 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size.
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 Friends Of Canton Football Inc's IRS 990 filings:
- Periodic deficit spending (e.g., 2023 expenses $52,076 vs. revenue $40,679)
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
Strengths
The following positive indicators were identified for Friends Of Canton Football Inc:
- Consistent 0% officer compensation across all filings
- Zero reported liabilities in all filing periods
- Consistent IRS 990 filing history demonstrating transparency
- Stable asset base relative to its operational size
Frequently Asked Questions about Friends Of Canton Football Inc
Is Friends Of Canton Football Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Canton Football Inc (EIN: 20762994) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Friends Of Canton Football Inc spend its money?
Friends Of Canton Football Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Canton Football Inc tax-deductible?
Friends Of Canton Football Inc is registered as a tax-exempt nonprofit (EIN: 20762994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Canton Football Inc's spending goes to programs?
Friends Of Canton Football Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Canton Football Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Friends Of Canton Football Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Canton Football Inc located?
Friends Of Canton Football Inc is headquartered in Canton, Connecticut and files with the IRS under EIN 20762994. It is classified under NTEE code B112.
How many years of IRS 990 filings does Friends Of Canton Football Inc have?
Friends Of Canton Football 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 $46K in total revenue.
Is Friends Of Canton Football Inc a good charity?
Based on the available data, Friends Of Canton Football Inc appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation and zero liabilities, indicating strong financial stewardship and a volunteer-driven model. However, potential donors might want to inquire about the specific allocation of expenses to programs versus administrative costs, as this detail is not provided in the summary data.
How does the organization manage its expenses relative to its revenue?
The organization's expenses occasionally exceed its revenue, as seen in 2023 ($52,076 expenses vs. $40,679 revenue), 2022 ($44,151 expenses vs. $42,125 revenue), and 2020 ($31,139 expenses vs. $21,335 revenue). While this can be managed by drawing on reserves, consistent deficits could impact long-term financial stability if not addressed.
What is the trend in the organization's assets?
The organization's assets have fluctuated over the years, ranging from a low of $46,820 in 2023 to a high of $62,073 in 2017. Overall, assets have remained relatively stable, indicating that the organization maintains a reasonable financial cushion for its operations.
Filing History
IRS 990 filing history for Friends Of Canton Football Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Canton Football Inc's revenue has declined by 45.8%, moving from $75K to $41K. Total assets increased by 241.2% over the same period, from $14K to $47K. Total functional expenses fell by 33.1%, from $78K to $52K. In its most recent filing year (2023), Friends Of Canton Football Inc reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $52K | $47K | $0 | — | View 990 |
| 2022 | $42K | $44K | $58K | $0 | — | View 990 |
| 2021 | $28K | $18K | $60K | $0 | — | — |
| 2020 | $21K | $31K | $50K | $0 | — | View 990 |
| 2019 | $37K | $30K | $60K | $0 | — | View 990 |
| 2018 | $33K | $41K | $54K | $0 | — | View 990 |
| 2017 | $48K | $45K | $62K | $0 | — | View 990 |
| 2016 | $46K | $41K | $58K | $0 | — | View 990 |
| 2015 | $55K | $50K | $54K | $0 | — | View 990 |
| 2014 | $65K | $50K | $49K | $0 | — | View 990 |
| 2013 | $72K | $66K | $34K | $0 | — | View 990 |
| 2012 | $75K | $62K | $27K | $0 | — | View 990 |
| 2011 | $75K | $78K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $52K, and assets of $47K (revenue -3.4% year-over-year).
- 2022: Revenue of $42K, expenses of $44K, and assets of $58K (revenue +51.7% year-over-year).
- 2021: Revenue of $28K, expenses of $18K, and assets of $60K (revenue +30.1% year-over-year).
- 2020: Revenue of $21K, expenses of $31K, and assets of $50K (revenue -41.7% year-over-year).
- 2019: Revenue of $37K, expenses of $30K, and assets of $60K (revenue +12.5% year-over-year).
- 2018: Revenue of $33K, expenses of $41K, and assets of $54K (revenue -32.8% year-over-year).
- 2017: Revenue of $48K, expenses of $45K, and assets of $62K (revenue +6.4% year-over-year).
- 2016: Revenue of $46K, expenses of $41K, and assets of $58K (revenue -16.6% year-over-year).
- 2015: Revenue of $55K, expenses of $50K, and assets of $54K (revenue -16.3% year-over-year).
- 2014: Revenue of $65K, expenses of $50K, and assets of $49K (revenue -10.0% year-over-year).
- 2013: Revenue of $72K, expenses of $66K, and assets of $34K (revenue -4.0% year-over-year).
- 2012: Revenue of $75K, expenses of $62K, and assets of $27K (revenue +0.6% year-over-year).
- 2011: Revenue of $75K, expenses of $78K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Canton Football Inc:
Data Sources and Methodology
This transparency report for Friends Of Canton Football 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.