New Haven Festivals Inc
New Haven Festivals Inc: Balanced Spending with Room for Improvement in Transparency
EIN: 223149569 · New Haven, CT · NTEE: N520 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $308K |
| Total Expenses | $405K |
| Program Spending | 52% |
| Net Assets | $386K |
| Transparency Score | 85/100 |
Is New Haven Festivals Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Haven Festivals Inc directs 52% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New Haven Festivals Inc
New Haven Festivals Inc (EIN: 223149569) is a nonprofit organization based in New Haven, CT, classified under NTEE code N520. The organization reported total revenue of $308K and total assets of $328K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Haven Festivals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Haven Festivals Inc is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $405K |
| Surplus / Deficit | $-124,277 |
| Total Assets | $417K |
| Total Liabilities | $31K |
| Net Assets | $386K |
| Operating Margin | -44.3% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 12.3 months |
Financial Health Grade: B
In 2023, New Haven Festivals Inc reported a deficit of $124K with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), New Haven Festivals Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.9% | +6.6% | -23.4% |
| 2022 | -29.9% | -28.6% | +9.4% |
| 2021 | +142.2% | +178.5% | -18.2% |
| 2020 | +474.6% | +15.7% | +66.9% |
| 2019 | -77.3% | +32.2% | -25.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
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 New Haven Festivals 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: 32%
- programs: 52%
- fundraising: 16%
According to IRS 990 filings, New Haven Festivals Inc allocates its expenses as follows: admin: 32%, programs: 52%, fundraising: 16%. Approximately 52% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
Executive compensation remains stable, with no significant changes over the past five years.
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 New Haven Festivals Inc's IRS 990 filings:
- No detailed breakdown of administrative costs provided.
Strengths
The following positive indicators were identified for New Haven Festivals Inc:
- Balanced spending across programs and administration.
Frequently Asked Questions about New Haven Festivals Inc
Is New Haven Festivals Inc a legitimate charity?
New Haven Festivals Inc (EIN: 223149569) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $308K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does New Haven Festivals Inc spend its money?
New Haven Festivals Inc directs 52% of its spending to programs and services. Fundraising costs 16%. This falls below the 65% benchmark.
Are donations to New Haven Festivals Inc tax-deductible?
New Haven Festivals Inc is registered as a tax-exempt nonprofit (EIN: 223149569). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Haven Festivals Inc's spending goes to programs?
New Haven Festivals Inc directs 52% to programs, 16% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does New Haven Festivals Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Haven Festivals Inc is above average for NTEE category N520 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Haven Festivals Inc located?
New Haven Festivals Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 223149569. It is classified under NTEE code N520.
How many years of IRS 990 filings does New Haven Festivals Inc have?
New Haven Festivals Inc has 14 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 $308K in total revenue.
What does New Haven Festivals Inc do?
New Haven Festivals Inc is a nonprofit organization in the Recreation & Sports sector, located in New Haven, Connecticut. It is classified under NTEE code N520.
How much revenue does New Haven Festivals Inc have?
New Haven Festivals Inc reported total revenue of $307,981. Based on 14 IRS 990 filings on record.
What are New Haven Festivals Inc's total assets?
New Haven Festivals Inc holds total assets of $328,046 as reported in IRS 990 filings.
Where is New Haven Festivals Inc located?
New Haven Festivals Inc is based in New Haven, Connecticut.
What is New Haven Festivals Inc's EIN?
New Haven Festivals Inc's Employer Identification Number (EIN) is 223149569. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Haven Festivals Inc?
New Haven Festivals Inc is classified under NTEE code N520 (Recreation & Sports).
Is New Haven Festivals Inc a registered 501(c)(3)?
Yes, New Haven Festivals Inc is recognized as a tax-exempt organization by the IRS. EIN: 223149569.
Does New Haven Festivals Inc file IRS Form 990?
Yes, New Haven Festivals Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Haven Festivals Inc's revenue in 2023?
In the 202312 filing period, New Haven Festivals Inc reported total revenue of $280,518, total expenses of $404,795, and net assets of $416,565.
Is New Haven Festivals Inc's revenue growing or declining?
New Haven Festivals Inc's revenue is declining. Revenue went from $424,125 (202212) to $280,518 (202312), a -33.9% change. Based on 14 filings on record.
What is New Haven Festivals Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Haven Festivals Inc covers tax period 202312. It shows revenue of $280,518, expenses of $404,795, total assets of $416,565, and liabilities of $30,871.
How much does New Haven Festivals Inc spend on programs vs administration?
Based on IRS 990 analysis, New Haven Festivals Inc allocates approximately 52% of expenses to program services, 32% to administrative costs, and 16% to fundraising. Program spending is moderate relative to overhead.
Is New Haven Festivals Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Haven Festivals Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for New Haven Festivals Inc?
The following concerns were identified: No detailed breakdown of administrative costs provided.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Haven Festivals Inc's strengths?
Positive indicators for New Haven Festivals Inc include: Balanced spending across programs and administration.. These findings are derived from AI analysis of the organization's financial filings.
How does New Haven Festivals Inc compensate executives?
Executive compensation remains stable, with no significant changes over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Haven Festivals Inc?
1. Detailed program expenses are provided, but no breakdown of administrative costs. 2. Fundraising expenses are consistently low, indicating a focus on community support rather than large-scale fundraising efforts. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the breakdown of administrative costs, and how do they compare to program expenses?
Administrative costs account for 32% of the budget, while program expenses make up 52%. There is no detailed breakdown of administrative costs provided in the filings.
How does the organization's fundraising strategy impact its overall budget?
Fundraising expenses are consistently low, at 16% of the budget, indicating a focus on community support and local funding rather than large-scale fundraising efforts.
What is the trend in executive compensation over the past five years?
Executive compensation has remained stable, with no significant changes over the past five years.
Filing History
IRS 990 filing history for New Haven Festivals Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New Haven Festivals Inc's revenue has grown by 19.3%, moving from $235K to $281K. Total assets increased by 171.2% over the same period, from $154K to $417K. Total functional expenses rose by 61.3%, from $251K to $405K. In its most recent filing year (2023), New Haven Festivals Inc reported a deficit of $124K, with expenses exceeding revenue. The organization holds $31K in liabilities against $417K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $386K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $405K | $417K | $31K | — | — |
| 2022 | $424K | $380K | $544K | $34K | — | View 990 |
| 2021 | $605K | $532K | $497K | $32K | — | View 990 |
| 2020 | $250K | $191K | $608K | $216K | — | View 990 |
| 2019 | $44K | $165K | $364K | $32K | — | View 990 |
| 2018 | $191K | $125K | $486K | $32K | — | View 990 |
| 2017 | $344K | $196K | $414K | $32K | — | View 990 |
| 2016 | $372K | $348K | $367K | $132K | — | View 990 |
| 2015 | $252K | $265K | $243K | $32K | — | View 990 |
| 2014 | $342K | $248K | $257K | $32K | — | View 990 |
| 2013 | $241K | $227K | $166K | $35K | — | View 990 |
| 2012 | $397K | $291K | $195K | $77K | — | View 990 |
| 2011 | $243K | $319K | $148K | $137K | — | View 990 |
| 2010 | $235K | $251K | $154K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $405K, and assets of $417K (revenue -33.9% year-over-year).
- 2022: Revenue of $424K, expenses of $380K, and assets of $544K (revenue -29.9% year-over-year).
- 2021: Revenue of $605K, expenses of $532K, and assets of $497K (revenue +142.2% year-over-year).
- 2020: Revenue of $250K, expenses of $191K, and assets of $608K (revenue +474.6% year-over-year).
- 2019: Revenue of $44K, expenses of $165K, and assets of $364K (revenue -77.3% year-over-year).
- 2018: Revenue of $191K, expenses of $125K, and assets of $486K (revenue -44.3% year-over-year).
- 2017: Revenue of $344K, expenses of $196K, and assets of $414K (revenue -7.6% year-over-year).
- 2016: Revenue of $372K, expenses of $348K, and assets of $367K (revenue +47.7% year-over-year).
- 2015: Revenue of $252K, expenses of $265K, and assets of $243K (revenue -26.4% year-over-year).
- 2014: Revenue of $342K, expenses of $248K, and assets of $257K (revenue +42.0% year-over-year).
- 2013: Revenue of $241K, expenses of $227K, and assets of $166K (revenue -39.4% year-over-year).
- 2012: Revenue of $397K, expenses of $291K, and assets of $195K (revenue +63.3% year-over-year).
- 2011: Revenue of $243K, expenses of $319K, and assets of $148K (revenue +3.4% year-over-year).
- 2010: Revenue of $235K, expenses of $251K, and assets of $154K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Haven Festivals Inc:
Data Sources and Methodology
This transparency report for New Haven Festivals 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.