Gujarati Association Of Connecticut Inc
Gujarati Association Of Connecticut Inc maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 202350953 · New Haven, CT · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $50K |
| Program Spending | 85% |
| Net Assets | $109K |
| Transparency Score | 85/100 |
Is Gujarati Association Of Connecticut Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gujarati Association Of Connecticut Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gujarati Association Of Connecticut Inc
Gujarati Association Of Connecticut Inc (EIN: 202350953) is a nonprofit organization based in New Haven, CT, classified under NTEE code B90. The organization reported total revenue of $85K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gujarati Association Of Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gujarati Association Of Connecticut Inc is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $50K |
| Surplus / Deficit | $-22,353 |
| Total Assets | $110K |
| Total Liabilities | $1K |
| Net Assets | $109K |
| Operating Margin | -81.6% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 26.5 months |
Financial Health Grade: B
In 2023, Gujarati Association Of Connecticut Inc reported a deficit of $22K with expenses exceeding revenue, holds 26.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gujarati Association Of Connecticut Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.2% | -0.5% | -16.9% |
| 2022 | +18.7% | +29.1% | +14.9% |
| 2021 | +386.7% | +688.3% | +18.9% |
| 2020 | -84.0% | -92.1% | +7.0% |
| 2019 | +94.8% | +103.3% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Gujarati Association Of Connecticut Inc with a Mission Score of 85 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, Gujarati Association Of 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence.
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 Gujarati Association Of Connecticut Inc's IRS 990 filings:
- Fluctuating revenue year-over-year, making future income less predictable.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting in-depth efficiency analysis.
Strengths
The following positive indicators were identified for Gujarati Association Of Connecticut Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven or highly efficient leadership structure.
- Strong asset-to-liability ratio ($136,953 assets vs. $1,200 liabilities), demonstrating financial health.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
- Consistent growth in assets over the long term, from $38,404 in 2015 to $136,953 currently.
Frequently Asked Questions about Gujarati Association Of Connecticut Inc
Is Gujarati Association Of Connecticut Inc a legitimate charity?
Gujarati Association Of Connecticut Inc (EIN: 202350953) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $85K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Gujarati Association Of Connecticut Inc spend its money?
Gujarati Association Of Connecticut Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gujarati Association Of Connecticut Inc tax-deductible?
Gujarati Association Of Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 202350953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gujarati Association Of Connecticut Inc's spending goes to programs?
Gujarati Association Of Connecticut Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gujarati Association Of Connecticut Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gujarati Association Of Connecticut Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gujarati Association Of Connecticut Inc located?
Gujarati Association Of Connecticut Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 202350953. It is classified under NTEE code B90.
How many years of IRS 990 filings does Gujarati Association Of Connecticut Inc have?
Gujarati 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 $85K in total revenue.
Is Gujarati Association Of Connecticut Inc a good charity?
Based on the available data, the organization appears to be a good charity. It maintains a healthy asset-to-liability ratio, consistently reports 0% officer compensation, and has a long history of IRS 990 filings, indicating transparency and stability. Its mission score of 85 reflects its efficiency and program focus, though detailed expense breakdowns would provide more clarity.
How has the organization's revenue trended recently?
The organization's revenue has fluctuated in recent years, with a notable decrease from $67,114 in 2022 to $27,385 in 2023, after a peak of $72,845 in 2019. This suggests some variability in fundraising or income generation.
What is the organization's financial stability?
The organization demonstrates good financial stability with current assets of $136,953 and low liabilities of $1,200. Its asset base has generally grown over time, from $38,404 in 2015 to its current level, indicating prudent financial management.
Filing History
IRS 990 filing history for Gujarati Association Of Connecticut Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gujarati Association Of Connecticut Inc's revenue has declined by 42.7%, moving from $48K to $27K. Total assets increased by 11% over the same period, from $99K to $110K. Total functional expenses fell by 2.7%, from $51K to $50K. In its most recent filing year (2023), Gujarati Association Of Connecticut Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1K in liabilities against $110K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $50K | $110K | $1K | — | — |
| 2022 | $67K | $50K | $132K | $1K | — | — |
| 2021 | $57K | $39K | $115K | $1K | — | — |
| 2020 | $12K | $5K | $97K | $800 | — | — |
| 2019 | $73K | $62K | $90K | $1K | — | View 990 |
| 2018 | $37K | $30K | $79K | $1K | — | View 990 |
| 2017 | $57K | $30K | $73K | $1K | — | View 990 |
| 2016 | $51K | $46K | $45K | $1K | — | View 990 |
| 2015 | $52K | $45K | $38K | $0 | — | View 990 |
| 2014 | $49K | $36K | $95K | $78K | — | View 990 |
| 2013 | $35K | $37K | $95K | $78K | — | View 990 |
| 2012 | $50K | $51K | $97K | $78K | — | View 990 |
| 2011 | $48K | $51K | $99K | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $50K, and assets of $110K (revenue -59.2% year-over-year).
- 2022: Revenue of $67K, expenses of $50K, and assets of $132K (revenue +18.7% year-over-year).
- 2021: Revenue of $57K, expenses of $39K, and assets of $115K (revenue +386.7% year-over-year).
- 2020: Revenue of $12K, expenses of $5K, and assets of $97K (revenue -84.0% year-over-year).
- 2019: Revenue of $73K, expenses of $62K, and assets of $90K (revenue +94.8% year-over-year).
- 2018: Revenue of $37K, expenses of $30K, and assets of $79K (revenue -34.5% year-over-year).
- 2017: Revenue of $57K, expenses of $30K, and assets of $73K (revenue +11.1% year-over-year).
- 2016: Revenue of $51K, expenses of $46K, and assets of $45K (revenue -1.6% year-over-year).
- 2015: Revenue of $52K, expenses of $45K, and assets of $38K (revenue +5.7% year-over-year).
- 2014: Revenue of $49K, expenses of $36K, and assets of $95K (revenue +41.0% year-over-year).
- 2013: Revenue of $35K, expenses of $37K, and assets of $95K (revenue -29.4% year-over-year).
- 2012: Revenue of $50K, expenses of $51K, and assets of $97K (revenue +3.8% year-over-year).
- 2011: Revenue of $48K, expenses of $51K, and assets of $99K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gujarati Association Of Connecticut Inc:
Data Sources and Methodology
This transparency report for Gujarati 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.