New London Homeless Hospitalitycenter Inc
New London Homeless Hospitalitycenter Inc shows consistent financial growth and no officer compensation over the past decade.
EIN: 205606908 · New London, CT · NTEE: P28 · Updated: 2026-03-28
Is New London Homeless Hospitalitycenter Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New London Homeless Hospitalitycenter Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New London Homeless Hospitalitycenter Inc
New London Homeless Hospitalitycenter Inc (EIN: 205606908) is a nonprofit organization based in New London, CT, classified under NTEE code P28. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New London Homeless Hospitalitycenter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New London Homeless Hospitalitycenter Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, New London Homeless Hospitalitycenter Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly unusual for an organization of its size with annual revenues exceeding $4 million.
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 London Homeless Hospitalitycenter Inc's IRS 990 filings:
- Lack of detailed program, administrative, and fundraising expense breakdown in provided data (though overall financial health is strong)
Strengths
The following positive indicators were identified for New London Homeless Hospitalitycenter Inc:
- Consistent revenue growth, increasing from $1.3M in 2015 to $4.4M in 2023.
- Healthy operating surpluses in most years, contributing to asset growth.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Strong asset growth, reaching $5.9M in 2023, demonstrating financial stability.
- Manageable liabilities relative to assets.
Frequently Asked Questions about New London Homeless Hospitalitycenter Inc
Is New London Homeless Hospitalitycenter Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New London Homeless Hospitalitycenter Inc (EIN: 205606908) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does New London Homeless Hospitalitycenter Inc spend its money?
New London Homeless Hospitalitycenter Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New London Homeless Hospitalitycenter Inc tax-deductible?
New London Homeless Hospitalitycenter Inc is registered as a tax-exempt nonprofit (EIN: 205606908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New London Homeless Hospitalitycenter Inc a good charity?
Based on the provided financial data, New London Homeless Hospitalitycenter Inc appears to be a very good charity. It demonstrates consistent financial growth, maintains a healthy operating surplus, and notably reports 0% officer compensation, suggesting a strong commitment to directing resources towards its mission.
How has the organization's revenue changed over time?
The organization has shown significant revenue growth, increasing from $1,322,567 in 2015 to $4,489,444 in 2023, representing over a 239% increase in less than a decade.
What is the organization's financial stability?
New London Homeless Hospitalitycenter Inc exhibits strong financial stability, with assets consistently growing (reaching $5,936,474 in 2023) and liabilities remaining a manageable portion of total assets ($904,492 in 2023).
Filing History
IRS 990 filing history for New London Homeless Hospitalitycenter Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New London Homeless Hospitalitycenter Inc's revenue has grown by 501.2%, moving from $747K to $4.5M. Total assets increased by 1369.3% over the same period, from $404K to $5.9M. Total functional expenses rose by 495.2%, from $684K to $4.1M. In its most recent filing year (2023), New London Homeless Hospitalitycenter Inc reported a surplus of $417K, with revenue exceeding expenses. The organization holds $904K in liabilities against $5.9M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.1M | $5.9M | $904K | — | View 990 |
| 2022 | $3.9M | $3.7M | $5.4M | $814K | — | View 990 |
| 2021 | $3.9M | $3.1M | $5.5M | $1.1M | — | View 990 |
| 2020 | $2.6M | $2.4M | $4.6M | $1.2M | — | View 990 |
| 2019 | $2.1M | $2.0M | $3.8M | $658K | — | View 990 |
| 2018 | $2.0M | $1.7M | $3.6M | $609K | — | View 990 |
| 2017 | $2.1M | $1.5M | $3.1M | $448K | — | View 990 |
| 2016 | $1.5M | $1.4M | $2.4M | $437K | — | View 990 |
| 2015 | $1.3M | $1.2M | $2.3M | $422K | — | View 990 |
| 2014 | $1.6M | $1.2M | $2.4M | $650K | — | View 990 |
| 2013 | $1.6M | $979K | $1.9M | $482K | — | View 990 |
| 2012 | $1.2M | $863K | $997K | $261K | — | View 990 |
| 2011 | $747K | $684K | $404K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.1M, and assets of $5.9M (revenue +13.8% year-over-year).
- 2022: Revenue of $3.9M, expenses of $3.7M, and assets of $5.4M (revenue +2.0% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.1M, and assets of $5.5M (revenue +47.6% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.4M, and assets of $4.6M (revenue +21.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $3.8M (revenue +6.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.7M, and assets of $3.6M (revenue -4.0% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.5M, and assets of $3.1M (revenue +40.3% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $2.4M (revenue +13.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $2.3M (revenue -19.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.2M, and assets of $2.4M (revenue +1.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $979K, and assets of $1.9M (revenue +31.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $863K, and assets of $997K (revenue +64.1% year-over-year).
- 2011: Revenue of $747K, expenses of $684K, and assets of $404K.
Data Sources and Methodology
This transparency report for New London Homeless Hospitalitycenter 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.