Somers Cooperative Preschool
EIN: 60845403 · Somers, CT
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $46K |
| Net Assets | $12K |
Is Somers Cooperative Preschool Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somers Cooperative Preschool
Somers Cooperative Preschool (EIN: 60845403) is a nonprofit organization based in Somers, CT. The organization reported total revenue of $38K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somers Cooperative Preschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somers Cooperative Preschool is a micro nonprofit that has been operating for 57 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $46K |
| Surplus / Deficit | $-8,415 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -22.2% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Somers Cooperative Preschool reported a deficit of $8K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate).
Financial Trends
Over 11 years of filings (2012–2023), Somers Cooperative Preschool's revenue has declined at a compound annual growth rate (CAGR) of -9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +137.8% | +497.6% | -41.1% |
| 2021 | -33.8% | -87.2% | +66.4% |
| 2020 | -27.8% | -6.2% | +62.7% |
| 2019 | -56.0% | +25.5% | -82.7% |
| 2018 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somers Cooperative Preschool 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 Somers Cooperative Preschool 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Frequently Asked Questions about Somers Cooperative Preschool
Is Somers Cooperative Preschool a legitimate charity?
Based on AI analysis of IRS 990 filings, Somers Cooperative Preschool (EIN: 60845403) insufficient data. 0 red flags identified, 0 strengths noted.
How does Somers Cooperative Preschool spend its money?
Detailed spending breakdown data is not yet available for Somers Cooperative Preschool. Check back for updated IRS 990 analysis.
Are donations to Somers Cooperative Preschool tax-deductible?
Somers Cooperative Preschool is registered as a tax-exempt nonprofit (EIN: 60845403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Somers Cooperative Preschool located?
Somers Cooperative Preschool is headquartered in Somers, Connecticut and files with the IRS under EIN 60845403.
How many years of IRS 990 filings does Somers Cooperative Preschool have?
Somers Cooperative Preschool has 11 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 $38K in total revenue.
Filing History
IRS 990 filing history for Somers Cooperative Preschool showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Somers Cooperative Preschool's revenue has declined by 65.4%, moving from $109K to $38K. Total assets decreased by 63.1% over the same period, from $33K to $12K. Total functional expenses fell by 52.8%, from $98K to $46K. In its most recent filing year (2023), Somers Cooperative Preschool reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $46K | $12K | $0 | — | View 990 |
| 2021 | $16K | $8K | $20K | $0 | — | — |
| 2020 | $24K | $60K | $12K | $0 | — | View 990 |
| 2019 | $33K | $64K | $8K | $0 | — | View 990 |
| 2018 | $76K | $51K | $44K | $0 | — | View 990 |
| 2017 | $76K | $51K | $44K | $0 | — | View 990 |
| 2016 | $57K | $55K | $20K | $0 | — | View 990 |
| 2015 | $81K | $63K | $18K | $0 | — | — |
| 2014 | $67K | $72K | $29K | $0 | — | View 990 |
| 2013 | $81K | $78K | $36K | $0 | — | View 990 |
| 2012 | $109K | $98K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $46K, and assets of $12K (revenue +137.8% year-over-year).
- 2021: Revenue of $16K, expenses of $8K, and assets of $20K (revenue -33.8% year-over-year).
- 2020: Revenue of $24K, expenses of $60K, and assets of $12K (revenue -27.8% year-over-year).
- 2019: Revenue of $33K, expenses of $64K, and assets of $8K (revenue -56.0% year-over-year).
- 2018: Revenue of $76K, expenses of $51K, and assets of $44K (revenue +0.0% year-over-year).
- 2017: Revenue of $76K, expenses of $51K, and assets of $44K (revenue +31.7% year-over-year).
- 2016: Revenue of $57K, expenses of $55K, and assets of $20K (revenue -29.1% year-over-year).
- 2015: Revenue of $81K, expenses of $63K, and assets of $18K (revenue +20.6% year-over-year).
- 2014: Revenue of $67K, expenses of $72K, and assets of $29K (revenue -16.9% year-over-year).
- 2013: Revenue of $81K, expenses of $78K, and assets of $36K (revenue -26.2% year-over-year).
- 2012: Revenue of $109K, expenses of $98K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somers Cooperative Preschool:
Data Sources and Methodology
This transparency report for Somers Cooperative Preschool 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.