Naugatuck Valley Project Inc
Naugatuck Valley Project: Community Organizing with Financial Volatility
EIN: 222726260 · Waterbury, CT · NTEE: S30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $334K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $203K |
| Transparency Score | 75/100 |
Is Naugatuck Valley Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Naugatuck Valley Project Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Naugatuck Valley Project Inc
Naugatuck Valley Project Inc (EIN: 222726260) is a nonprofit organization based in Waterbury, CT, classified under NTEE code S30Z. The organization reported total revenue of $273K and total assets of $118K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naugatuck Valley Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naugatuck Valley Project Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $498K |
| Total Expenses | $334K |
| Surplus / Deficit | +$165K |
| Total Assets | $204K |
| Total Liabilities | $975 |
| Net Assets | $203K |
| Operating Margin | 33.0% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Naugatuck Valley Project Inc reported a surplus of $165K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Naugatuck Valley Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +222.8% | +131.7% | +410.2% |
| 2022 | +58.5% | +20.7% | +34.9% |
| 2021 | -36.0% | -4.9% | -55.9% |
| 2020 | +48.7% | +5.5% | +152.2% |
| 2019 | -27.8% | +3.2% | -35.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Naugatuck Valley Project Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Naugatuck Valley Project Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $165K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is not reported on recent Form 990 filings, indicating that no individual received over $100,000 in reportable compensation.
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 Naugatuck Valley Project Inc's IRS 990 filings:
- Significant fluctuations in revenue, from $90,523 in 2017 to $498,446 in 2023, suggest potential instability in funding streams.
- Negative net assets in some years (e.g., 2021) raise concerns about long-term financial sustainability.
- Reliance on grants and contributions, without significant earned income, makes the organization vulnerable to funding shifts.
Strengths
The following positive indicators were identified for Naugatuck Valley Project Inc:
- Consistent mission focus on community organizing and empowerment in the Naugatuck Valley.
- Demonstrated ability to increase revenue significantly in recent years, with $498,446 in 2023.
- Low administrative and fundraising costs, indicating efficient use of resources for program delivery.
Frequently Asked Questions about Naugatuck Valley Project Inc
Is Naugatuck Valley Project Inc a legitimate charity?
Naugatuck Valley Project Inc (EIN: 222726260) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $273K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Naugatuck Valley Project Inc spend its money?
Naugatuck Valley Project Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Naugatuck Valley Project Inc tax-deductible?
Naugatuck Valley Project Inc is registered as a tax-exempt nonprofit (EIN: 222726260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Naugatuck Valley Project Inc CEO make?
Naugatuck Valley Project Inc's highest-compensated officer earns $100,000 annually. The organization reported $273K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Naugatuck Valley Project Inc's spending goes to programs?
Naugatuck Valley Project Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Naugatuck Valley Project Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Naugatuck Valley Project Inc is above average for NTEE category S30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Naugatuck Valley Project Inc located?
Naugatuck Valley Project Inc is headquartered in Waterbury, Connecticut and files with the IRS under EIN 222726260. It is classified under NTEE code S30Z.
How many years of IRS 990 filings does Naugatuck Valley Project Inc have?
Naugatuck Valley Project 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 $273K in total revenue.
What does Naugatuck Valley Project Inc do?
Naugatuck Valley Project Inc is a nonprofit organization in the Community Improvement sector, located in Waterbury, Connecticut. It is classified under NTEE code S30Z.
How much revenue does Naugatuck Valley Project Inc have?
Naugatuck Valley Project Inc reported total revenue of $273,326. Based on 13 IRS 990 filings on record.
What are Naugatuck Valley Project Inc's total assets?
Naugatuck Valley Project Inc holds total assets of $118,112 as reported in IRS 990 filings.
Where is Naugatuck Valley Project Inc located?
Naugatuck Valley Project Inc is based in Waterbury, Connecticut.
What is Naugatuck Valley Project Inc's EIN?
Naugatuck Valley Project Inc's Employer Identification Number (EIN) is 222726260. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Naugatuck Valley Project Inc?
Naugatuck Valley Project Inc is classified under NTEE code S30Z (Community Improvement).
Is Naugatuck Valley Project Inc a registered 501(c)(3)?
Yes, Naugatuck Valley Project Inc is recognized as a tax-exempt organization by the IRS. EIN: 222726260.
Does Naugatuck Valley Project Inc file IRS Form 990?
Yes, Naugatuck Valley Project Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Naugatuck Valley Project Inc's revenue in 2023?
In the 202308 filing period, Naugatuck Valley Project Inc reported total revenue of $498,446, total expenses of $333,752, and net assets of $204,194.
Is Naugatuck Valley Project Inc's revenue growing or declining?
Naugatuck Valley Project Inc's revenue is growing. Revenue went from $154,406 (202208) to $498,446 (202308), a +222.8% change. Based on 13 filings on record.
What is Naugatuck Valley Project Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Naugatuck Valley Project Inc covers tax period 202308. It shows revenue of $498,446, expenses of $333,752, total assets of $204,194, and liabilities of $975.
How much does Naugatuck Valley Project Inc spend on programs vs administration?
Based on IRS 990 analysis, Naugatuck Valley Project Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Naugatuck Valley Project Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Naugatuck Valley Project Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Naugatuck Valley Project Inc?
The following concerns were identified: Significant fluctuations in revenue, from $90,523 in 2017 to $498,446 in 2023, suggest potential instability in funding streams.. Negative net assets in some years (e.g., 2021) raise concerns about long-term financial sustainability.. Reliance on grants and contributions, without significant earned income, makes the organization vulnerable to funding shifts.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Naugatuck Valley Project Inc's strengths?
Positive indicators for Naugatuck Valley Project Inc include: Consistent mission focus on community organizing and empowerment in the Naugatuck Valley.. Demonstrated ability to increase revenue significantly in recent years, with $498,446 in 2023.. Low administrative and fundraising costs, indicating efficient use of resources for program delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Naugatuck Valley Project Inc compensate executives?
Executive compensation is not reported on recent Form 990 filings, indicating that no individual received over $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Naugatuck Valley Project Inc plan to stabilize its revenue streams given the historical volatility?
The organization's filings do not explicitly detail strategies for revenue stabilization, but the recent increase in revenue to $498,446 in 2023 suggests successful grant acquisition or fundraising efforts that could be sustained.
What specific programs or initiatives contributed to the substantial revenue increase from $154,406 in 2022 to $498,446 in 2023?
While the filings show the revenue increase, they do not provide specific program details linking directly to this surge. Further inquiry into their annual reports or program descriptions would be needed to identify the drivers.
Filing History
IRS 990 filing history for Naugatuck Valley Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Naugatuck Valley Project Inc's revenue has grown by 253.2%, moving from $141K to $498K. Total assets increased by 4058.7% over the same period, from $5K to $204K. Total functional expenses rose by 117.4%, from $153K to $334K. In its most recent filing year (2023), Naugatuck Valley Project Inc reported a surplus of $165K, with revenue exceeding expenses. The organization holds $975 in liabilities against $204K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $498K | $334K | $204K | $975 | — | — |
| 2022 | $154K | $144K | $40K | $2K | — | View 990 |
| 2021 | $97K | $119K | $30K | $2K | — | — |
| 2020 | $152K | $125K | $67K | $17K | — | View 990 |
| 2019 | $102K | $119K | $27K | $3K | — | View 990 |
| 2018 | $142K | $115K | $41K | $2K | — | View 990 |
| 2017 | $91K | $82K | $15K | $1K | — | View 990 |
| 2016 | $88K | $84K | $11K | $6K | — | View 990 |
| 2015 | $87K | $75K | $8K | $6K | — | View 990 |
| 2014 | $99K | $113K | $898 | $10K | — | View 990 |
| 2013 | $117K | $117K | $5K | $975 | — | View 990 |
| 2012 | $129K | $124K | $20K | $16K | — | View 990 |
| 2011 | $141K | $153K | $5K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $498K, expenses of $334K, and assets of $204K (revenue +222.8% year-over-year).
- 2022: Revenue of $154K, expenses of $144K, and assets of $40K (revenue +58.5% year-over-year).
- 2021: Revenue of $97K, expenses of $119K, and assets of $30K (revenue -36.0% year-over-year).
- 2020: Revenue of $152K, expenses of $125K, and assets of $67K (revenue +48.7% year-over-year).
- 2019: Revenue of $102K, expenses of $119K, and assets of $27K (revenue -27.8% year-over-year).
- 2018: Revenue of $142K, expenses of $115K, and assets of $41K (revenue +56.5% year-over-year).
- 2017: Revenue of $91K, expenses of $82K, and assets of $15K (revenue +3.4% year-over-year).
- 2016: Revenue of $88K, expenses of $84K, and assets of $11K (revenue +0.9% year-over-year).
- 2015: Revenue of $87K, expenses of $75K, and assets of $8K (revenue -12.5% year-over-year).
- 2014: Revenue of $99K, expenses of $113K, and assets of $898 (revenue -15.5% year-over-year).
- 2013: Revenue of $117K, expenses of $117K, and assets of $5K (revenue -8.8% year-over-year).
- 2012: Revenue of $129K, expenses of $124K, and assets of $20K (revenue -8.7% year-over-year).
- 2011: Revenue of $141K, expenses of $153K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naugatuck Valley Project Inc:
Data Sources and Methodology
This transparency report for Naugatuck Valley Project 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.