Market New Haven Inc
EIN: 61578847 · New Haven, CT · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $476K |
| Total Expenses | $551K |
| Net Assets | $1.1M |
Is Market New Haven Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Market New Haven Inc
Market New Haven Inc (EIN: 61578847) is a nonprofit organization based in New Haven, CT, classified under NTEE code S30. The organization reported total revenue of $476K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Market New Haven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Market New Haven Inc is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $630K |
| Total Expenses | $551K |
| Surplus / Deficit | +$79K |
| Total Assets | $1.1M |
| Total Liabilities | $375 |
| Net Assets | $1.1M |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 24.4 months |
Financial Health Grade: A
In 2023, Market New Haven Inc reported a surplus of $79K with revenue exceeding expenses, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Market New Haven Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | -3.4% | +7.7% |
| 2022 | +43.7% | -21.9% | +115.2% |
| 2020 | -49.4% | -18.7% | -32.5% |
| 2019 | +22.7% | -16.6% | +15.4% |
| 2018 | -28.3% | +6.7% | -16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Market New Haven 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 Market New Haven 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 $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Market New Haven Inc
Is Market New Haven Inc a legitimate charity?
Market New Haven Inc (EIN: 61578847) is a registered tax-exempt nonprofit based in Connecticut. It has 12 years of IRS 990 filings on record. Total revenue: $476K. No red flags identified. Financial health grade: A.
How does Market New Haven Inc spend its money?
Market New Haven Inc reported $476K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Market New Haven Inc tax-deductible?
Market New Haven Inc is registered as a tax-exempt nonprofit (EIN: 61578847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Market New Haven Inc located?
Market New Haven Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 61578847. It is classified under NTEE code S30.
How many years of IRS 990 filings does Market New Haven Inc have?
Market New Haven Inc has 12 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 $476K in total revenue.
Filing History
IRS 990 filing history for Market New Haven Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Market New Haven Inc's revenue has declined by 36.2%, moving from $987K to $630K. Total assets increased by 435.7% over the same period, from $209K to $1.1M. Total functional expenses fell by 61%, from $1.4M to $551K. In its most recent filing year (2023), Market New Haven Inc reported a surplus of $79K, with revenue exceeding expenses. The organization holds $375 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $630K | $551K | $1.1M | $375 | — | View 990 |
| 2022 | $718K | $570K | $1.0M | $-1,108 | — | View 990 |
| 2020 | $499K | $730K | $482K | $1K | — | View 990 |
| 2019 | $986K | $898K | $714K | $0 | — | View 990 |
| 2018 | $804K | $1.1M | $619K | $0 | — | View 990 |
| 2017 | $1.1M | $1.0M | $738K | $0 | — | View 990 |
| 2016 | $1.2M | $942K | $627K | $0 | — | View 990 |
| 2015 | $860K | $930K | $327K | $0 | — | View 990 |
| 2014 | $946K | $914K | $397K | $0 | — | View 990 |
| 2013 | $1.2M | $1.0M | $365K | $0 | — | View 990 |
| 2012 | $962K | $1.2M | $174K | $0 | — | View 990 |
| 2011 | $987K | $1.4M | $209K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $630K, expenses of $551K, and assets of $1.1M (revenue -12.2% year-over-year).
- 2022: Revenue of $718K, expenses of $570K, and assets of $1.0M (revenue +43.7% year-over-year).
- 2020: Revenue of $499K, expenses of $730K, and assets of $482K (revenue -49.4% year-over-year).
- 2019: Revenue of $986K, expenses of $898K, and assets of $714K (revenue +22.7% year-over-year).
- 2018: Revenue of $804K, expenses of $1.1M, and assets of $619K (revenue -28.3% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $738K (revenue -9.8% year-over-year).
- 2016: Revenue of $1.2M, expenses of $942K, and assets of $627K (revenue +44.5% year-over-year).
- 2015: Revenue of $860K, expenses of $930K, and assets of $327K (revenue -9.1% year-over-year).
- 2014: Revenue of $946K, expenses of $914K, and assets of $397K (revenue -20.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.0M, and assets of $365K (revenue +23.7% year-over-year).
- 2012: Revenue of $962K, expenses of $1.2M, and assets of $174K (revenue -2.5% year-over-year).
- 2011: Revenue of $987K, expenses of $1.4M, and assets of $209K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Market New Haven Inc:
Data Sources and Methodology
This transparency report for Market New Haven 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.