Pontian Society Pontos Norwalk Inc
Pontian Society Pontos Norwalk Inc: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 222474288 · Norwalk, CT · NTEE: A23 · Updated: 2026-04-04
Is Pontian Society Pontos Norwalk Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pontian Society Pontos Norwalk Inc
Pontian Society Pontos Norwalk Inc (EIN: 222474288) is a nonprofit organization based in Norwalk, CT, classified under NTEE code A23. The organization reported total revenue of $142K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pontian Society Pontos Norwalk Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pontian Society Pontos Norwalk Inc is a small nonprofit that has been operating for 5 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $39K |
| Surplus / Deficit | +$20K |
| Total Assets | $299K |
| Total Liabilities | $11K |
| Net Assets | $288K |
| Operating Margin | 34.0% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 91.9 months |
Financial Health Grade: A
In 2023, Pontian Society Pontos Norwalk Inc reported a surplus of $20K with revenue exceeding expenses, holds 91.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Pontian Society Pontos Norwalk Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | -11.9% | +0.1% |
| 2022 | -17.0% | -3.6% | -0.9% |
| 2021 | -46.8% | -64.1% | +3.8% |
| 2020 | +62.7% | +267.9% | +2.8% |
| 2016 | -29.0% | -46.7% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
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 Pontian Society Pontos Norwalk 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Pontian Society Pontos Norwalk Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses and warrants further inquiry into how leadership is compensated or if services are purely volunteer-based.
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 Pontian Society Pontos Norwalk Inc's IRS 990 filings:
- Consistent 0% program spending raises concerns about direct charitable impact.
- Expenses frequently exceed revenue, potentially indicating an unsustainable financial model without other income sources.
- The consistent reporting of $0 for executive compensation, despite significant total expenses, suggests a lack of transparency or an unusual operational structure.
- The organization's revenue has significantly declined from $96,592 in 2020 to $59,259 in 2023, while expenses have remained relatively high.
Strengths
The following positive indicators were identified for Pontian Society Pontos Norwalk Inc:
- The organization maintains a stable asset base, consistently around $300,000, providing some financial stability.
- Low liabilities (consistently $11,000) indicate a healthy balance sheet regarding debt.
Frequently Asked Questions about Pontian Society Pontos Norwalk Inc
Is Pontian Society Pontos Norwalk Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pontian Society Pontos Norwalk Inc (EIN: 222474288) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Pontian Society Pontos Norwalk Inc spend its money?
Detailed spending breakdown data is not yet available for Pontian Society Pontos Norwalk Inc. Check back for updated IRS 990 analysis.
Are donations to Pontian Society Pontos Norwalk Inc tax-deductible?
Pontian Society Pontos Norwalk Inc is registered as a tax-exempt nonprofit (EIN: 222474288). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Pontian Society Pontos Norwalk Inc do?
Pontian Society Pontos Norwalk Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Norwalk, Connecticut. It is classified under NTEE code A23.
How much revenue does Pontian Society Pontos Norwalk Inc have?
Pontian Society Pontos Norwalk Inc reported total revenue of $142,146. Based on 9 IRS 990 filings on record.
What are Pontian Society Pontos Norwalk Inc's total assets?
Pontian Society Pontos Norwalk Inc holds total assets of $339,120 as reported in IRS 990 filings.
Where is Pontian Society Pontos Norwalk Inc located?
Pontian Society Pontos Norwalk Inc is based in Norwalk, Connecticut.
What is Pontian Society Pontos Norwalk Inc's EIN?
Pontian Society Pontos Norwalk Inc's Employer Identification Number (EIN) is 222474288. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pontian Society Pontos Norwalk Inc?
Pontian Society Pontos Norwalk Inc is classified under NTEE code A23 (Arts, Culture & Humanities).
Is Pontian Society Pontos Norwalk Inc a registered 501(c)(3)?
Yes, Pontian Society Pontos Norwalk Inc is recognized as a tax-exempt organization by the IRS. EIN: 222474288.
Does Pontian Society Pontos Norwalk Inc file IRS Form 990?
Yes, Pontian Society Pontos Norwalk Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202302.
What was Pontian Society Pontos Norwalk Inc's revenue in 2023?
In the 202302 filing period, Pontian Society Pontos Norwalk Inc reported total revenue of $59,259, total expenses of $39,096, and net assets of $299,335.
Is Pontian Society Pontos Norwalk Inc's revenue growing or declining?
Pontian Society Pontos Norwalk Inc's revenue is growing. Revenue went from $42,606 (202202) to $59,259 (202302), a +39.1% change. Based on 9 filings on record.
What is Pontian Society Pontos Norwalk Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Pontian Society Pontos Norwalk Inc covers tax period 202302. It shows revenue of $59,259, expenses of $39,096, total assets of $299,335, and liabilities of $11,000.
Is Pontian Society Pontos Norwalk Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Pontian Society Pontos Norwalk Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Pontian Society Pontos Norwalk Inc?
The following concerns were identified: Consistent 0% program spending raises concerns about direct charitable impact.. Expenses frequently exceed revenue, potentially indicating an unsustainable financial model without other income sources.. The consistent reporting of $0 for executive compensation, despite significant total expenses, suggests a lack of transparency or an unusual operational structure.. The organization's revenue has significantly declined from $96,592 in 2020 to $59,259 in 2023, while expenses have remained relatively high.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pontian Society Pontos Norwalk Inc's strengths?
Positive indicators for Pontian Society Pontos Norwalk Inc include: The organization maintains a stable asset base, consistently around $300,000, providing some financial stability.. Low liabilities (consistently $11,000) indicate a healthy balance sheet regarding debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Pontian Society Pontos Norwalk Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses and warrants further inquiry into how leadership is compensated or if services are purely volunteer-based. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses and 0% executive compensation, what is the primary purpose and operational model of the Pontian Society Pontos Norwalk Inc, and how are its reported expenses being utilized?
The data suggests the organization's expenses are entirely administrative or fundraising, with no direct program spending reported. The $0 executive compensation implies a volunteer-run leadership, but the nature of the administrative expenses (e.g., $39,096 in 2023) needs clarification to understand the organization's actual activities and impact.
How does the organization sustain its operations and maintain a stable asset base despite declining revenues and expenses often exceeding income?
The organization appears to be drawing from its accumulated assets to cover operational shortfalls, as evidenced by expenses exceeding revenue in several years. While assets remain stable, this trend is not sustainable long-term without new revenue streams or reduced expenses.
Filing History
IRS 990 filing history for Pontian Society Pontos Norwalk Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Pontian Society Pontos Norwalk Inc's revenue has grown by 28.9%, moving from $46K to $59K. Total assets increased by 26.4% over the same period, from $237K to $299K. Total functional expenses rose by 54.2%, from $25K to $39K. In its most recent filing year (2023), Pontian Society Pontos Norwalk Inc reported a surplus of $20K, with revenue exceeding expenses. The organization holds $11K in liabilities against $299K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $288K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $39K | $299K | $11K | — | View 990 |
| 2022 | $43K | $44K | $299K | $11K | — | View 990 |
| 2021 | $51K | $46K | $302K | $11K | — | View 990 |
| 2020 | $97K | $128K | $291K | $11K | — | View 990 |
| 2016 | $59K | $35K | $283K | $23K | — | View 990 |
| 2015 | $84K | $65K | $260K | $23K | — | View 990 |
| 2014 | $52K | $46K | $262K | $23K | — | View 990 |
| 2013 | $57K | $30K | $266K | $20K | — | View 990 |
| 2012 | $46K | $25K | $237K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $39K, and assets of $299K (revenue +39.1% year-over-year).
- 2022: Revenue of $43K, expenses of $44K, and assets of $299K (revenue -17.0% year-over-year).
- 2021: Revenue of $51K, expenses of $46K, and assets of $302K (revenue -46.8% year-over-year).
- 2020: Revenue of $97K, expenses of $128K, and assets of $291K (revenue +62.7% year-over-year).
- 2016: Revenue of $59K, expenses of $35K, and assets of $283K (revenue -29.0% year-over-year).
- 2015: Revenue of $84K, expenses of $65K, and assets of $260K (revenue +59.8% year-over-year).
- 2014: Revenue of $52K, expenses of $46K, and assets of $262K (revenue -8.5% year-over-year).
- 2013: Revenue of $57K, expenses of $30K, and assets of $266K (revenue +24.4% year-over-year).
- 2012: Revenue of $46K, expenses of $25K, and assets of $237K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pontian Society Pontos Norwalk Inc:
Data Sources and Methodology
This transparency report for Pontian Society Pontos Norwalk 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.