New Haven Kiwanis Club Foundation Inc
New Haven Kiwanis Club Foundation: Consistent Local Support, Declining Assets
EIN: 223014869 · Hamden, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $16K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $61K |
| Transparency Score | 75/100 |
Is New Haven Kiwanis Club Foundation 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 Kiwanis Club Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Haven Kiwanis Club Foundation Inc
New Haven Kiwanis Club Foundation Inc (EIN: 223014869) is a nonprofit organization based in Hamden, CT. The organization reported total revenue of $10K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Haven Kiwanis Club Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Haven Kiwanis Club Foundation Inc is a micro nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $16K |
| Surplus / Deficit | $-7,923 |
| Total Assets | $61K |
| Total Liabilities | $1 |
| Net Assets | $61K |
| Operating Margin | -93.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 44.8 months |
Financial Health Grade: B
In 2024, New Haven Kiwanis Club Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 44.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2024), New Haven Kiwanis Club Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.3% | +26.9% | -11.5% |
| 2023 | +8.8% | +32.2% | -4.8% |
| 2022 | -15.0% | -27.0% | -1.5% |
| 2021 | +21.1% | +5.6% | -4.2% |
| 2020 | -69.9% | -10.2% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Kiwanis Club Foundation 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, New Haven Kiwanis Club Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization.
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 Kiwanis Club Foundation Inc's IRS 990 filings:
- Total assets have declined from $76,935 in 2020 to $54,354 in 2024, a decrease of approximately 29%.
- Revenue has shown a general downward trend, from $10,196 in 2021 to $9,965 in 2024, with a notable drop from earlier years like $36,639 in 2014.
Strengths
The following positive indicators were identified for New Haven Kiwanis Club Foundation Inc:
- Consistent operation and filing history since at least 2013.
- Volunteer-led with $0 executive compensation, indicating efficient use of funds for mission.
- Maintains a positive asset balance, demonstrating financial stability despite declines.
Frequently Asked Questions about New Haven Kiwanis Club Foundation Inc
Is New Haven Kiwanis Club Foundation Inc a legitimate charity?
New Haven Kiwanis Club Foundation Inc (EIN: 223014869) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $10K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Haven Kiwanis Club Foundation Inc spend its money?
New Haven Kiwanis Club Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Haven Kiwanis Club Foundation Inc tax-deductible?
New Haven Kiwanis Club Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223014869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Haven Kiwanis Club Foundation Inc CEO make?
New Haven Kiwanis Club Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $10K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Haven Kiwanis Club Foundation Inc's spending goes to programs?
New Haven Kiwanis Club Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Haven Kiwanis Club Foundation Inc located?
New Haven Kiwanis Club Foundation Inc is headquartered in Hamden, Connecticut and files with the IRS under EIN 223014869.
How many years of IRS 990 filings does New Haven Kiwanis Club Foundation Inc have?
New Haven Kiwanis Club Foundation Inc has 10 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 $10K in total revenue.
What does New Haven Kiwanis Club Foundation Inc do?
New Haven Kiwanis Club Foundation Inc is a nonprofit organization in the Unknown sector, located in Hamden, Connecticut. It is classified under NTEE code Unknown.
How much revenue does New Haven Kiwanis Club Foundation Inc have?
New Haven Kiwanis Club Foundation Inc reported total revenue of $9,965. Based on 10 IRS 990 filings on record.
What are New Haven Kiwanis Club Foundation Inc's total assets?
New Haven Kiwanis Club Foundation Inc holds total assets of $54,354 as reported in IRS 990 filings.
Where is New Haven Kiwanis Club Foundation Inc located?
New Haven Kiwanis Club Foundation Inc is based in Hamden, Connecticut.
What is New Haven Kiwanis Club Foundation Inc's EIN?
New Haven Kiwanis Club Foundation Inc's Employer Identification Number (EIN) is 223014869. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Haven Kiwanis Club Foundation Inc?
New Haven Kiwanis Club Foundation Inc is classified under NTEE code Unknown (Unknown).
Is New Haven Kiwanis Club Foundation Inc a registered 501(c)(3)?
New Haven Kiwanis Club Foundation Inc appears in IRS records (EIN: 223014869). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Haven Kiwanis Club Foundation Inc file IRS Form 990?
Yes, New Haven Kiwanis Club Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202409.
What was New Haven Kiwanis Club Foundation Inc's revenue in 2024?
In the 202409 filing period, New Haven Kiwanis Club Foundation Inc reported total revenue of $8,465, total expenses of $16,388, and net assets of $61,234.
Is New Haven Kiwanis Club Foundation Inc's revenue growing or declining?
New Haven Kiwanis Club Foundation Inc's revenue is declining. Revenue went from $9,435 (202309) to $8,465 (202409), a -10.3% change. Based on 10 filings on record.
What is New Haven Kiwanis Club Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Haven Kiwanis Club Foundation Inc covers tax period 202409. It shows revenue of $8,465, expenses of $16,388, total assets of $61,234, and liabilities of $1.
How much does New Haven Kiwanis Club Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, New Haven Kiwanis Club Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New Haven Kiwanis Club Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Haven Kiwanis Club Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for New Haven Kiwanis Club Foundation Inc?
The following concerns were identified: Total assets have declined from $76,935 in 2020 to $54,354 in 2024, a decrease of approximately 29%.. Revenue has shown a general downward trend, from $10,196 in 2021 to $9,965 in 2024, with a notable drop from earlier years like $36,639 in 2014.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Haven Kiwanis Club Foundation Inc's strengths?
Positive indicators for New Haven Kiwanis Club Foundation Inc include: Consistent operation and filing history since at least 2013.. Volunteer-led with $0 executive compensation, indicating efficient use of funds for mission.. Maintains a positive asset balance, demonstrating financial stability despite declines.. These findings are derived from AI analysis of the organization's financial filings.
How does New Haven Kiwanis Club Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in assets and revenue over the past decade, what strategies are being considered to ensure long-term sustainability and growth for the foundation?
The provided data does not detail specific strategies for asset or revenue growth. The consistent decline suggests a need for renewed fundraising efforts or a re-evaluation of operational models to maintain its mission effectively.
Filing History
IRS 990 filing history for New Haven Kiwanis Club Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), New Haven Kiwanis Club Foundation Inc's revenue has declined by 24.7%, moving from $11K to $8K. Total assets increased by 1496.7% over the same period, from $4K to $61K. Total functional expenses rose by 39.5%, from $12K to $16K. In its most recent filing year (2024), New Haven Kiwanis Club Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $61K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8K | $16K | $61K | $1 | — | — |
| 2023 | $9K | $13K | $69K | $1 | — | View 990 |
| 2022 | $9K | $10K | $73K | $1 | — | View 990 |
| 2021 | $10K | $13K | $74K | $1 | — | — |
| 2020 | $8K | $13K | $77K | $1 | — | — |
| 2015 | $28K | $14K | $76K | $1 | — | View 990 |
| 2014 | $37K | $18K | $63K | $1 | — | View 990 |
| 2013 | $33K | $14K | $44K | $0 | — | View 990 |
| 2012 | $32K | $11K | $25K | $0 | — | View 990 |
| 2011 | $11K | $12K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8K, expenses of $16K, and assets of $61K (revenue -10.3% year-over-year).
- 2023: Revenue of $9K, expenses of $13K, and assets of $69K (revenue +8.8% year-over-year).
- 2022: Revenue of $9K, expenses of $10K, and assets of $73K (revenue -15.0% year-over-year).
- 2021: Revenue of $10K, expenses of $13K, and assets of $74K (revenue +21.1% year-over-year).
- 2020: Revenue of $8K, expenses of $13K, and assets of $77K (revenue -69.9% year-over-year).
- 2015: Revenue of $28K, expenses of $14K, and assets of $76K (revenue -23.7% year-over-year).
- 2014: Revenue of $37K, expenses of $18K, and assets of $63K (revenue +12.5% year-over-year).
- 2013: Revenue of $33K, expenses of $14K, and assets of $44K (revenue +0.5% year-over-year).
- 2012: Revenue of $32K, expenses of $11K, and assets of $25K (revenue +188.2% year-over-year).
- 2011: Revenue of $11K, expenses of $12K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Haven Kiwanis Club Foundation Inc:
Data Sources and Methodology
This transparency report for New Haven Kiwanis Club Foundation 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.