Retired Armed Forces Association
EIN: 60932974 · New London, CT · NTEE: W30
Is Retired Armed Forces Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Retired Armed Forces Association
Retired Armed Forces Association (EIN: 60932974) is a nonprofit organization based in New London, CT, classified under NTEE code W30. The organization reported total revenue of $168K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Retired Armed Forces Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Retired Armed Forces Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Retired Armed Forces Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Retired Armed Forces Association
Is Retired Armed Forces Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Retired Armed Forces Association (EIN: 60932974) insufficient data. 0 red flags identified, 0 strengths noted.
How does Retired Armed Forces Association spend its money?
Detailed spending breakdown data is not yet available for Retired Armed Forces Association. Check back for updated IRS 990 analysis.
Are donations to Retired Armed Forces Association tax-deductible?
Retired Armed Forces Association is registered as a tax-exempt nonprofit (EIN: 60932974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Retired Armed Forces Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Retired Armed Forces Association's revenue has grown by 540.7%, moving from $26K to $168K. Total assets decreased by 57.3% over the same period, from $57K to $24K. Total functional expenses rose by 382.6%, from $35K to $170K. In its most recent filing year (2023), Retired Armed Forces Association reported a deficit of $2K, with expenses exceeding revenue. The organization holds $16K in liabilities against $24K in assets (debt-to-asset ratio: 64.7%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $168K | $170K | $24K | $16K | — | View 990 |
| 2017 | $40K | $58K | $40K | $0 | — | View 990 |
| 2016 | $56K | $47K | $58K | $0 | — | — |
| 2015 | $42K | $45K | $49K | $0 | — | View 990 |
| 2014 | $36K | $39K | $36K | $0 | — | View 990 |
| 2013 | $19K | $32K | $46K | $0 | — | View 990 |
| 2012 | $21K | $37K | $54K | $0 | — | View 990 |
| 2011 | $26K | $35K | $57K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $168K, expenses of $170K, and assets of $24K (revenue +324.9% year-over-year).
- 2017: Revenue of $40K, expenses of $58K, and assets of $40K (revenue -29.6% year-over-year).
- 2016: Revenue of $56K, expenses of $47K, and assets of $58K (revenue +33.3% year-over-year).
- 2015: Revenue of $42K, expenses of $45K, and assets of $49K (revenue +17.3% year-over-year).
- 2014: Revenue of $36K, expenses of $39K, and assets of $36K (revenue +86.3% year-over-year).
- 2013: Revenue of $19K, expenses of $32K, and assets of $46K (revenue -10.3% year-over-year).
- 2012: Revenue of $21K, expenses of $37K, and assets of $54K (revenue -18.0% year-over-year).
- 2011: Revenue of $26K, expenses of $35K, and assets of $57K.
Data Sources and Methodology
This transparency report for Retired Armed Forces Association 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.