Smartpower Connecticut Inc
EIN: 30375454 · Arlington, VA · NTEE: C27
Is Smartpower Connecticut Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Smartpower Connecticut Inc
Smartpower Connecticut Inc (EIN: 30375454) is a nonprofit organization based in Arlington, VA, classified under NTEE code C27. The organization reported total revenue of $382K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smartpower Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smartpower Connecticut Inc is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -12.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $467K |
| Total Expenses | $871K |
| Surplus / Deficit | $-404,253 |
| Total Assets | $176K |
| Total Liabilities | $887K |
| Net Assets | $-710,528 |
| Operating Margin | -86.6% |
| Debt-to-Asset Ratio | 503.2% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2022, Smartpower Connecticut Inc reported a deficit of $404K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 503.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Smartpower Connecticut Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -29.0% | +24.3% | -17.7% |
| 2021 | +31.0% | +85.1% | +25.7% |
| 2020 | +39.4% | +5.9% | +111.1% |
| 2019 | -43.4% | -48.7% | -3.7% |
| 2018 | -52.3% | -54.6% | -52.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2680 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Smartpower Connecticut Inc 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 Smartpower Connecticut Inc 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $404K, with expenses exceeding revenue.
- Debt-to-asset ratio: 503.2%.
Frequently Asked Questions about Smartpower Connecticut Inc
Is Smartpower Connecticut Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Smartpower Connecticut Inc (EIN: 30375454) insufficient data. 0 red flags identified, 0 strengths noted.
How does Smartpower Connecticut Inc spend its money?
Detailed spending breakdown data is not yet available for Smartpower Connecticut Inc. Check back for updated IRS 990 analysis.
Are donations to Smartpower Connecticut Inc tax-deductible?
Smartpower Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 30375454). 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 Smartpower Connecticut Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Smartpower Connecticut Inc's revenue has declined by 75.7%, moving from $1.9M to $467K. Total assets decreased by 41.7% over the same period, from $302K to $176K. Total functional expenses fell by 50.8%, from $1.8M to $871K. In its most recent filing year (2022), Smartpower Connecticut Inc reported a deficit of $404K, with expenses exceeding revenue. The organization holds $887K in liabilities against $176K in assets (debt-to-asset ratio: 503.2%), resulting in net assets of $-710,528.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $467K | $871K | $176K | $887K | — | — |
| 2021 | $657K | $701K | $214K | $520K | — | View 990 |
| 2020 | $502K | $379K | $170K | $433K | — | — |
| 2019 | $360K | $357K | $81K | $432K | — | View 990 |
| 2018 | $636K | $697K | $84K | $435K | — | View 990 |
| 2017 | $1.3M | $1.5M | $177K | $467K | — | View 990 |
| 2016 | $1.4M | $1.5M | $167K | $253K | — | View 990 |
| 2015 | $1.7M | $1.8M | $216K | $223K | — | View 990 |
| 2014 | $1.4M | $1.4M | $218K | $178K | — | View 990 |
| 2013 | $1.3M | $1.1M | $369K | $322K | — | View 990 |
| 2012 | $1.1M | $1.2M | $312K | $248K | — | View 990 |
| 2011 | $1.9M | $1.8M | $302K | $135K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $467K, expenses of $871K, and assets of $176K (revenue -29.0% year-over-year).
- 2021: Revenue of $657K, expenses of $701K, and assets of $214K (revenue +31.0% year-over-year).
- 2020: Revenue of $502K, expenses of $379K, and assets of $170K (revenue +39.4% year-over-year).
- 2019: Revenue of $360K, expenses of $357K, and assets of $81K (revenue -43.4% year-over-year).
- 2018: Revenue of $636K, expenses of $697K, and assets of $84K (revenue -52.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.5M, and assets of $177K (revenue -7.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $167K (revenue -16.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $216K (revenue +22.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $218K (revenue +10.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.1M, and assets of $369K (revenue +11.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $312K (revenue -40.6% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.8M, and assets of $302K.
Data Sources and Methodology
This transparency report for Smartpower Connecticut 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.