Old Lyme Childrens Learning Center Inc
Old Lyme Childrens Learning Center: Financial Volatility and Transparency Concerns
EIN: 222808283 · Old Lyme, CT · Updated: 2026-04-04
Is Old Lyme Childrens Learning Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Lyme Childrens Learning Center Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Lyme Childrens Learning Center Inc
Old Lyme Childrens Learning Center Inc (EIN: 222808283) is a nonprofit organization based in Old Lyme, CT. The organization reported total revenue of $700K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Lyme Childrens Learning Center 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 Old Lyme Childrens Learning Center Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Old Lyme Childrens Learning Center Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further information.
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 Old Lyme Childrens Learning Center Inc's IRS 990 filings:
- Significant revenue fluctuations, from $145,721 in 2021 to $699,751 in 2023, indicate potential instability.
- Liabilities have shown an increasing trend, from $3,490 in 2023 to $59,865 in 2021, raising questions about financial management.
- The organization reported a deficit in 2021, with expenses ($204,164) exceeding revenue ($145,721).
Strengths
The following positive indicators were identified for Old Lyme Childrens Learning Center Inc:
- Consistent asset growth from $215,722 in 2021 to $1,041,885 in 2023 demonstrates increasing financial capacity.
- Revenue has shown strong recovery and growth from 2021 to 2023.
Frequently Asked Questions about Old Lyme Childrens Learning Center Inc
Is Old Lyme Childrens Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Lyme Childrens Learning Center Inc (EIN: 222808283) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Old Lyme Childrens Learning Center Inc spend its money?
Old Lyme Childrens Learning Center Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Lyme Childrens Learning Center Inc tax-deductible?
Old Lyme Childrens Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 222808283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Old Lyme Childrens Learning Center Inc do?
Old Lyme Childrens Learning Center Inc is a nonprofit organization in the Unknown sector, located in Old Lyme, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Old Lyme Childrens Learning Center Inc have?
Old Lyme Childrens Learning Center Inc reported total revenue of $699,751. Based on 13 IRS 990 filings on record.
What are Old Lyme Childrens Learning Center Inc's total assets?
Old Lyme Childrens Learning Center Inc holds total assets of $1,041,885 as reported in IRS 990 filings.
Where is Old Lyme Childrens Learning Center Inc located?
Old Lyme Childrens Learning Center Inc is based in Old Lyme, Connecticut.
What is Old Lyme Childrens Learning Center Inc's EIN?
Old Lyme Childrens Learning Center Inc's Employer Identification Number (EIN) is 222808283. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Old Lyme Childrens Learning Center Inc?
Old Lyme Childrens Learning Center Inc is classified under NTEE code Unknown (Unknown).
Is Old Lyme Childrens Learning Center Inc a registered 501(c)(3)?
Old Lyme Childrens Learning Center Inc appears in IRS records (EIN: 222808283). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Old Lyme Childrens Learning Center Inc file IRS Form 990?
Yes, Old Lyme Childrens Learning Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Old Lyme Childrens Learning Center Inc's revenue in 2023?
In the 202308 filing period, Old Lyme Childrens Learning Center Inc reported total revenue of $594,515, total expenses of $504,913, and net assets of $404,945.
Is Old Lyme Childrens Learning Center Inc's revenue growing or declining?
Old Lyme Childrens Learning Center Inc's revenue is declining. Revenue went from $680,805 (202208) to $594,515 (202308), a -12.7% change. Based on 13 filings on record.
What is Old Lyme Childrens Learning Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Old Lyme Childrens Learning Center Inc covers tax period 202308. It shows revenue of $594,515, expenses of $504,913, total assets of $404,945, and liabilities of $3,490.
How much does Old Lyme Childrens Learning Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Old Lyme Childrens Learning Center Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Old Lyme Childrens Learning Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Old Lyme Childrens Learning Center Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Old Lyme Childrens Learning Center Inc?
The following concerns were identified: Significant revenue fluctuations, from $145,721 in 2021 to $699,751 in 2023, indicate potential instability.. Liabilities have shown an increasing trend, from $3,490 in 2023 to $59,865 in 2021, raising questions about financial management.. The organization reported a deficit in 2021, with expenses ($204,164) exceeding revenue ($145,721).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Old Lyme Childrens Learning Center Inc's strengths?
Positive indicators for Old Lyme Childrens Learning Center Inc include: Consistent asset growth from $215,722 in 2021 to $1,041,885 in 2023 demonstrates increasing financial capacity.. Revenue has shown strong recovery and growth from 2021 to 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Old Lyme Childrens Learning Center Inc compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic revenue increase from $145,721 in 2021 to $699,751 in 2023?
The provided data does not specify the reasons for this significant revenue surge, but it could be due to new grants, increased enrollment, or successful fundraising campaigns.
How does the organization manage its increasing liabilities, which reached $59,865 in 2021?
While liabilities have fluctuated, the data does not detail the specific strategies or sources used to manage or reduce these obligations.
Filing History
IRS 990 filing history for Old Lyme Childrens Learning Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Lyme Childrens Learning Center Inc's revenue has grown by 0.5%, moving from $592K to $595K. Total assets decreased by 16.8% over the same period, from $487K to $405K. Total functional expenses rose by 6.5%, from $474K to $505K. In its most recent filing year (2023), Old Lyme Childrens Learning Center Inc reported a surplus of $90K, with revenue exceeding expenses. The organization holds $3K in liabilities against $405K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $401K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $595K | $505K | $405K | $3K | — | View 990 |
| 2022 | $681K | $523K | $344K | $31K | — | View 990 |
| 2021 | $146K | $204K | $216K | $60K | — | View 990 |
| 2020 | $395K | $526K | $221K | $20K | — | View 990 |
| 2019 | $593K | $601K | $363K | $31K | — | View 990 |
| 2018 | $527K | $558K | $383K | $42K | — | View 990 |
| 2017 | $514K | $518K | $396K | $26K | — | View 990 |
| 2016 | $445K | $484K | $393K | $20K | — | View 990 |
| 2015 | $440K | $475K | $430K | $18K | — | View 990 |
| 2014 | $447K | $504K | $478K | $31K | — | View 990 |
| 2013 | $487K | $484K | $519K | $16K | — | View 990 |
| 2012 | $503K | $475K | $514K | $15K | — | View 990 |
| 2011 | $592K | $474K | $487K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $595K, expenses of $505K, and assets of $405K (revenue -12.7% year-over-year).
- 2022: Revenue of $681K, expenses of $523K, and assets of $344K (revenue +367.2% year-over-year).
- 2021: Revenue of $146K, expenses of $204K, and assets of $216K (revenue -63.1% year-over-year).
- 2020: Revenue of $395K, expenses of $526K, and assets of $221K (revenue -33.4% year-over-year).
- 2019: Revenue of $593K, expenses of $601K, and assets of $363K (revenue +12.5% year-over-year).
- 2018: Revenue of $527K, expenses of $558K, and assets of $383K (revenue +2.6% year-over-year).
- 2017: Revenue of $514K, expenses of $518K, and assets of $396K (revenue +15.6% year-over-year).
- 2016: Revenue of $445K, expenses of $484K, and assets of $393K (revenue +1.0% year-over-year).
- 2015: Revenue of $440K, expenses of $475K, and assets of $430K (revenue -1.5% year-over-year).
- 2014: Revenue of $447K, expenses of $504K, and assets of $478K (revenue -8.3% year-over-year).
- 2013: Revenue of $487K, expenses of $484K, and assets of $519K (revenue -3.1% year-over-year).
- 2012: Revenue of $503K, expenses of $475K, and assets of $514K (revenue -15.0% year-over-year).
- 2011: Revenue of $592K, expenses of $474K, and assets of $487K.
Data Sources and Methodology
This transparency report for Old Lyme Childrens Learning Center 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.