South Asian Bar Association Of Connecticut Inc
South Asian Bar Association Of Connecticut Inc maintains strong asset growth and zero liabilities, with volunteer leadership.
EIN: 201540303 · Wethersfield, CT · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $36K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $55,168. |
| Net Assets | $44K |
| Transparency Score | 90/100 |
Is South Asian Bar Association Of Connecticut Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Asian Bar Association Of Connecticut Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Asian Bar Association Of Connecticut Inc
South Asian Bar Association Of Connecticut Inc (EIN: 201540303) is a nonprofit organization based in Wethersfield, CT, classified under NTEE code S40. The organization reported total revenue of $59K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Asian Bar Association Of Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Asian Bar Association Of Connecticut Inc is a micro nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $36K |
| Surplus / Deficit | $-6,630 |
| Total Assets | $44K |
| Net Assets | $44K |
| Operating Margin | -22.3% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, South Asian Bar Association Of Connecticut Inc reported a deficit of $7K with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2017–2023), South Asian Bar Association Of Connecticut Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | +360.9% | -13.1% |
| 2022 | +13.7% | +338.2% | +61.7% |
| 2021 | +54.4% | -89.8% | +93.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
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 South Asian Bar Association Of Connecticut Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, South Asian Bar Association Of Connecticut Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization is entirely volunteer-led, which is highly commendable for an organization of its size with current assets of $55,168.
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 South Asian Bar Association Of Connecticut Inc's IRS 990 filings:
- Latest period (202312) shows expenses ($36,330) exceeding revenue ($29,700), resulting in a deficit for that year.
Strengths
The following positive indicators were identified for South Asian Bar Association Of Connecticut Inc:
- Consistent asset growth from $16,166 in 2017 to $55,168 currently.
- Zero liabilities reported across all filings, indicating strong financial stability.
- 0% officer compensation across all reported periods, demonstrating volunteer leadership and efficient use of funds.
- Strong program focus implied by NTEE code S40 (Legal Services) and absence of executive compensation.
Frequently Asked Questions about South Asian Bar Association Of Connecticut Inc
Is South Asian Bar Association Of Connecticut Inc a legitimate charity?
South Asian Bar Association Of Connecticut Inc (EIN: 201540303) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 4 years of IRS 990 filings on record. Total revenue: $59K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does South Asian Bar Association Of Connecticut Inc spend its money?
South Asian Bar Association Of Connecticut Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to South Asian Bar Association Of Connecticut Inc tax-deductible?
South Asian Bar Association Of Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 201540303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Asian Bar Association Of Connecticut Inc CEO make?
South Asian Bar Association Of Connecticut Inc's highest-compensated officer earns $55,168. annually. The organization reported $59K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does South Asian Bar Association Of Connecticut Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), South Asian Bar Association Of Connecticut Inc is above average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Asian Bar Association Of Connecticut Inc located?
South Asian Bar Association Of Connecticut Inc is headquartered in Wethersfield, Connecticut and files with the IRS under EIN 201540303. It is classified under NTEE code S40.
How many years of IRS 990 filings does South Asian Bar Association Of Connecticut Inc have?
South Asian Bar Association Of Connecticut Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $59K in total revenue.
Is South Asian Bar Association Of Connecticut Inc a good charity?
Based on the available IRS 990 data, SABA-CT appears to be a good charity. It demonstrates strong financial health with growing assets and no liabilities, and its volunteer-led structure (0% officer compensation) ensures funds are directed to its mission.
How has SABA-CT's financial health changed over time?
SABA-CT has shown consistent asset growth, from $16,166 in 2017 to $55,168 currently. Revenue has also generally increased over time, though the latest period (202312) shows a temporary deficit where expenses exceeded revenue.
What is the organization's approach to executive compensation?
The organization has consistently reported 0% officer compensation in all available filings, indicating a fully volunteer-led model.
Filing History
IRS 990 filing history for South Asian Bar Association Of Connecticut Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2023), South Asian Bar Association Of Connecticut Inc's revenue has grown by 92.1%, moving from $15K to $30K. Total assets increased by 171.1% over the same period, from $16K to $44K. Total functional expenses rose by 106.9%, from $18K to $36K. In its most recent filing year (2023), South Asian Bar Association Of Connecticut Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $36K | $44K | $0 | — | — |
| 2022 | $27K | $8K | $50K | $0 | — | — |
| 2021 | $24K | $2K | $31K | $0 | — | — |
| 2017 | $15K | $18K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $36K, and assets of $44K (revenue +9.5% year-over-year).
- 2022: Revenue of $27K, expenses of $8K, and assets of $50K (revenue +13.7% year-over-year).
- 2021: Revenue of $24K, expenses of $2K, and assets of $31K (revenue +54.4% year-over-year).
- 2017: Revenue of $15K, expenses of $18K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Asian Bar Association Of Connecticut Inc:
Data Sources and Methodology
This transparency report for South Asian Bar Association Of 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.