Mikvah Of Waterbury Inc
Mikvah Of Waterbury Inc maintains stable finances with no executive compensation.
EIN: 208048942 · Waterbury, CT · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $65K |
| Program Spending | 85% |
| Net Assets | $625K |
| Transparency Score | 90/100 |
Is Mikvah Of Waterbury Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mikvah Of Waterbury Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mikvah Of Waterbury Inc
Mikvah Of Waterbury Inc (EIN: 208048942) is a nonprofit organization based in Waterbury, CT, classified under NTEE code X30. The organization reported total revenue of $93K and total assets of $714K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mikvah Of Waterbury Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mikvah Of Waterbury Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $65K |
| Surplus / Deficit | +$4K |
| Total Assets | $757K |
| Total Liabilities | $132K |
| Net Assets | $625K |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 139.4 months |
Financial Health Grade: A
In 2023, Mikvah Of Waterbury Inc reported a surplus of $4K with revenue exceeding expenses, holds 139.4 months of operating reserves (strong position), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mikvah Of Waterbury Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.7% | +29.6% | +0.5% |
| 2022 | -3.6% | +9.1% | +14.2% |
| 2021 | +6.3% | -1.4% | -0.7% |
| 2020 | +32.1% | -0.6% | -1.1% |
| 2019 | -11.9% | -4.7% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Mikvah Of Waterbury Inc with a Mission Score of 90 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, Mikvah Of Waterbury 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 surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly unusual for an organization of its size and suggests a volunteer-driven leadership structure, which maximizes funds available for its mission.
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.
Strengths
The following positive indicators were identified for Mikvah Of Waterbury Inc:
- Consistent revenue exceeding expenses in recent years (e.g., $69,489 revenue vs. $65,137 expenses in 2023).
- Zero reported officer compensation across all filings, indicating highly efficient use of funds.
- Strong asset base relative to annual expenses ($756,791 assets vs. $65,137 expenses in 2023).
- Positive trend in asset growth over the last five years, from $670,589 in 2019 to $756,791 in 2023.
- Low liabilities relative to assets, suggesting good financial solvency (e.g., $132,277 liabilities vs. $756,791 assets in 2023).
Frequently Asked Questions about Mikvah Of Waterbury Inc
Is Mikvah Of Waterbury Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mikvah Of Waterbury Inc (EIN: 208048942) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Mikvah Of Waterbury Inc spend its money?
Mikvah Of Waterbury Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mikvah Of Waterbury Inc tax-deductible?
Mikvah Of Waterbury Inc is registered as a tax-exempt nonprofit (EIN: 208048942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mikvah Of Waterbury Inc's spending goes to programs?
Mikvah Of Waterbury Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mikvah Of Waterbury Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mikvah Of Waterbury Inc is above average for NTEE category X30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mikvah Of Waterbury Inc located?
Mikvah Of Waterbury Inc is headquartered in Waterbury, Connecticut and files with the IRS under EIN 208048942. It is classified under NTEE code X30.
How many years of IRS 990 filings does Mikvah Of Waterbury Inc have?
Mikvah Of Waterbury 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 $93K in total revenue.
Is Mikvah Of Waterbury Inc a good charity?
Based on the available financial data, Mikvah Of Waterbury Inc appears to be a well-managed and financially stable charity. Key indicators include consistent revenue exceeding expenses in most recent years, a substantial asset base, and notably, zero reported officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How has the organization's financial health changed over the last few years?
Mikvah Of Waterbury Inc has shown a positive trend in financial health. Revenue has generally increased, from $37,537 in 2019 to $69,489 in 2023, while expenses have remained relatively stable or increased at a slower rate, leading to consistent surpluses. Assets have also grown from $670,589 in 2019 to $756,791 in 2023, indicating strengthening financial reserves.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not reported as officer compensation on the 990. This is a significant strength, as it means all operational funds are directed towards the organization's programs and administrative needs, rather than executive salaries.
Filing History
IRS 990 filing history for Mikvah Of Waterbury Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mikvah Of Waterbury Inc's revenue has grown by 72.2%, moving from $40K to $69K. Total assets increased by 5.1% over the same period, from $720K to $757K. Total functional expenses rose by 65.1%, from $39K to $65K. In its most recent filing year (2023), Mikvah Of Waterbury Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $132K in liabilities against $757K in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $625K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $65K | $757K | $132K | — | — |
| 2022 | $51K | $50K | $753K | $133K | — | View 990 |
| 2021 | $53K | $46K | $659K | $40K | — | View 990 |
| 2020 | $50K | $47K | $663K | $51K | — | — |
| 2019 | $38K | $47K | $671K | $61K | — | View 990 |
| 2018 | $43K | $49K | $690K | $71K | — | View 990 |
| 2017 | $41K | $43K | $709K | $83K | — | View 990 |
| 2016 | $44K | $39K | $660K | $32K | — | View 990 |
| 2015 | $49K | $40K | $665K | $42K | — | View 990 |
| 2014 | $45K | $38K | $671K | $56K | — | View 990 |
| 2013 | $46K | $40K | $691K | $84K | — | View 990 |
| 2012 | $39K | $41K | $702K | $100K | — | View 990 |
| 2011 | $40K | $39K | $720K | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $65K, and assets of $757K (revenue +36.7% year-over-year).
- 2022: Revenue of $51K, expenses of $50K, and assets of $753K (revenue -3.6% year-over-year).
- 2021: Revenue of $53K, expenses of $46K, and assets of $659K (revenue +6.3% year-over-year).
- 2020: Revenue of $50K, expenses of $47K, and assets of $663K (revenue +32.1% year-over-year).
- 2019: Revenue of $38K, expenses of $47K, and assets of $671K (revenue -11.9% year-over-year).
- 2018: Revenue of $43K, expenses of $49K, and assets of $690K (revenue +4.1% year-over-year).
- 2017: Revenue of $41K, expenses of $43K, and assets of $709K (revenue -6.1% year-over-year).
- 2016: Revenue of $44K, expenses of $39K, and assets of $660K (revenue -12.0% year-over-year).
- 2015: Revenue of $49K, expenses of $40K, and assets of $665K (revenue +10.0% year-over-year).
- 2014: Revenue of $45K, expenses of $38K, and assets of $671K (revenue -2.1% year-over-year).
- 2013: Revenue of $46K, expenses of $40K, and assets of $691K (revenue +17.3% year-over-year).
- 2012: Revenue of $39K, expenses of $41K, and assets of $702K (revenue -2.9% year-over-year).
- 2011: Revenue of $40K, expenses of $39K, and assets of $720K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mikvah Of Waterbury Inc:
Data Sources and Methodology
This transparency report for Mikvah Of Waterbury 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.