Ny Ct Association Of Tax Professionals Inc
Ny Ct Association Of Tax Professionals Inc reports consistent deficits in recent years, with assets declining.
EIN: 133415450 · Danbury, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $112K |
| Program Spending | 80% |
| Net Assets | $21K |
| Transparency Score | 70/100 |
Is Ny Ct Association Of Tax Professionals Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ny Ct Association Of Tax Professionals Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ny Ct Association Of Tax Professionals Inc
Ny Ct Association Of Tax Professionals Inc (EIN: 133415450) is a nonprofit organization based in Danbury, CT. The organization reported total revenue of $99K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ny Ct Association Of Tax Professionals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ny Ct Association Of Tax Professionals Inc is a micro nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2023). 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 | $86K |
| Total Expenses | $112K |
| Surplus / Deficit | $-26,356 |
| Total Assets | $33K |
| Total Liabilities | $12K |
| Net Assets | $21K |
| Operating Margin | -30.6% |
| Debt-to-Asset Ratio | 36.6% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, Ny Ct Association Of Tax Professionals Inc reported a deficit of $26K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 36.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Ny Ct Association Of Tax Professionals Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +142.9% | +107.7% | -37.7% |
| 2022 | -10.6% | +70.2% | -19.9% |
| 2021 | -60.4% | -68.6% | +4.0% |
| 2020 | -21.0% | -21.1% | -6.4% |
| 2019 | +22.6% | +24.4% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Ny Ct Association Of Tax Professionals Inc with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Ny Ct Association Of Tax Professionals Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
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 Ny Ct Association Of Tax Professionals Inc's IRS 990 filings:
- Consistent operating deficits in recent years (202306: -$26,356; 202206: -$18,704)
- Declining asset base from $66,363 in 202106 to $33,084 in 202306
- Lack of detailed functional expense breakdown in provided data to fully assess program vs. admin spending
Strengths
The following positive indicators were identified for Ny Ct Association Of Tax Professionals Inc:
- 100% volunteer leadership with 0% officer compensation reported across all filings
- Consistent IRS 990 filing history demonstrating transparency
- Maintains a positive asset balance, albeit declining
Frequently Asked Questions about Ny Ct Association Of Tax Professionals Inc
Is Ny Ct Association Of Tax Professionals Inc a legitimate charity?
Ny Ct Association Of Tax Professionals Inc (EIN: 133415450) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $99K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ny Ct Association Of Tax Professionals Inc spend its money?
Ny Ct Association Of Tax Professionals Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ny Ct Association Of Tax Professionals Inc tax-deductible?
Ny Ct Association Of Tax Professionals Inc is registered as a tax-exempt nonprofit (EIN: 133415450). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ny Ct Association Of Tax Professionals Inc's spending goes to programs?
Ny Ct Association Of Tax Professionals Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ny Ct Association Of Tax Professionals Inc located?
Ny Ct Association Of Tax Professionals Inc is headquartered in Danbury, Connecticut and files with the IRS under EIN 133415450.
How many years of IRS 990 filings does Ny Ct Association Of Tax Professionals Inc have?
Ny Ct Association Of Tax Professionals Inc has 12 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 $99K in total revenue.
Is Ny Ct Association Of Tax Professionals Inc financially stable?
The organization has experienced deficits in the last two reported periods (202306 and 202206), with expenses exceeding revenue by $26,356 and $18,704 respectively. This trend, coupled with declining assets from $66,363 in 202106 to $33,084 in 202306, suggests potential financial instability.
How does the organization manage its leadership costs?
The organization reports 0% officer compensation in all available filings, indicating that its leadership operates on a volunteer basis, which significantly reduces administrative overhead.
What is the trend in the organization's assets?
Assets have shown a declining trend in recent years, from a high of $68,113 in 201906 to $33,084 in 202306, which could be a concern if the deficits continue.
Filing History
IRS 990 filing history for Ny Ct Association Of Tax Professionals Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Ny Ct Association Of Tax Professionals Inc's revenue has declined by 14.6%, moving from $101K to $86K. Total assets increased by 22.6% over the same period, from $27K to $33K. Total functional expenses rose by 5.5%, from $107K to $112K. In its most recent filing year (2023), Ny Ct Association Of Tax Professionals Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $12K in liabilities against $33K in assets (debt-to-asset ratio: 36.6%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $112K | $33K | $12K | — | View 990 |
| 2022 | $35K | $54K | $53K | $6K | — | — |
| 2021 | $40K | $32K | $66K | $320 | — | — |
| 2020 | $100K | $101K | $64K | $6K | — | View 990 |
| 2019 | $127K | $129K | $68K | $9K | — | View 990 |
| 2018 | $103K | $103K | $62K | $70 | — | View 990 |
| 2017 | $114K | $102K | $62K | $249 | — | View 990 |
| 2016 | $116K | $103K | $49K | $69 | — | View 990 |
| 2015 | $115K | $104K | $39K | $2K | — | View 990 |
| 2014 | $114K | $113K | $27K | $1K | — | View 990 |
| 2013 | $106K | $108K | $25K | $210 | — | View 990 |
| 2012 | $101K | $107K | $27K | $580 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $112K, and assets of $33K (revenue +142.9% year-over-year).
- 2022: Revenue of $35K, expenses of $54K, and assets of $53K (revenue -10.6% year-over-year).
- 2021: Revenue of $40K, expenses of $32K, and assets of $66K (revenue -60.4% year-over-year).
- 2020: Revenue of $100K, expenses of $101K, and assets of $64K (revenue -21.0% year-over-year).
- 2019: Revenue of $127K, expenses of $129K, and assets of $68K (revenue +22.6% year-over-year).
- 2018: Revenue of $103K, expenses of $103K, and assets of $62K (revenue -9.6% year-over-year).
- 2017: Revenue of $114K, expenses of $102K, and assets of $62K (revenue -1.2% year-over-year).
- 2016: Revenue of $116K, expenses of $103K, and assets of $49K (revenue +0.7% year-over-year).
- 2015: Revenue of $115K, expenses of $104K, and assets of $39K (revenue +0.7% year-over-year).
- 2014: Revenue of $114K, expenses of $113K, and assets of $27K (revenue +7.5% year-over-year).
- 2013: Revenue of $106K, expenses of $108K, and assets of $25K (revenue +5.2% year-over-year).
- 2012: Revenue of $101K, expenses of $107K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ny Ct Association Of Tax Professionals Inc:
Data Sources and Methodology
This transparency report for Ny Ct Association Of Tax Professionals 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.