Southbury Needy Fund Inc
Southbury Needy Fund Inc: Consistent Revenue, Fluctuating Expenses, and Limited Transparency
EIN: 222704087 · Southbury, CT · Updated: 2026-04-04
About Southbury Needy Fund Inc
Southbury Needy Fund Inc (EIN: 222704087) is a nonprofit organization based in Southbury, CT. The organization reported total revenue of $81K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southbury Needy Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southbury Needy Fund 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Southbury Needy Fund Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation information is not available in the provided data, suggesting it is either minimal or not reported separately.
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 Southbury Needy Fund Inc's IRS 990 filings:
- Lack of detailed program expense breakdown makes it difficult to ascertain the true impact of funds.
- No readily available information on the organization's website or detailed annual reports.
- Fluctuating expenses relative to revenue, e.g., 2022 expenses of $73,123 exceeded revenue of $57,518.
Strengths
The following positive indicators were identified for Southbury Needy Fund Inc:
- Consistent revenue generation over multiple years, indicating a stable donor base.
- Low administrative overhead based on the absence of reported executive compensation.
- Maintains a positive asset balance, with assets of $37,605 in 2023.
Frequently Asked Questions about Southbury Needy Fund Inc
What does Southbury Needy Fund Inc do?
Southbury Needy Fund Inc is a nonprofit organization in the Unknown sector, located in Southbury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Southbury Needy Fund Inc have?
Southbury Needy Fund Inc reported total revenue of $81,200. Based on 7 IRS 990 filings on record.
What are Southbury Needy Fund Inc's total assets?
Southbury Needy Fund Inc holds total assets of $37,605 as reported in IRS 990 filings.
Where is Southbury Needy Fund Inc located?
Southbury Needy Fund Inc is based in Southbury, Connecticut.
What is Southbury Needy Fund Inc's EIN?
Southbury Needy Fund Inc's Employer Identification Number (EIN) is 222704087. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southbury Needy Fund Inc?
Southbury Needy Fund Inc is classified under NTEE code Unknown (Unknown).
Is Southbury Needy Fund Inc a registered 501(c)(3)?
Southbury Needy Fund Inc appears in IRS records (EIN: 222704087). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Southbury Needy Fund Inc file IRS Form 990?
Yes, Southbury Needy Fund Inc has 7 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Southbury Needy Fund Inc's revenue in 2023?
In the 202312 filing period, Southbury Needy Fund Inc reported total revenue of $78,985, total expenses of $71,612, and net assets of $46,283.
Is Southbury Needy Fund Inc's revenue growing or declining?
Southbury Needy Fund Inc's revenue is growing. Revenue went from $57,518 (202212) to $78,985 (202312), a +37.3% change. Based on 7 filings on record.
What is Southbury Needy Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Southbury Needy Fund Inc covers tax period 202312. It shows revenue of $78,985, expenses of $71,612, total assets of $46,283, and liabilities of N/A.
How much does Southbury Needy Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Southbury Needy Fund Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Southbury Needy Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Southbury Needy Fund Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Southbury Needy Fund Inc?
The following concerns were identified: Lack of detailed program expense breakdown makes it difficult to ascertain the true impact of funds.. No readily available information on the organization's website or detailed annual reports.. Fluctuating expenses relative to revenue, e.g., 2022 expenses of $73,123 exceeded revenue of $57,518.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Southbury Needy Fund Inc's strengths?
Positive indicators for Southbury Needy Fund Inc include: Consistent revenue generation over multiple years, indicating a stable donor base.. Low administrative overhead based on the absence of reported executive compensation.. Maintains a positive asset balance, with assets of $37,605 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Southbury Needy Fund Inc compensate executives?
Executive compensation information is not available in the provided data, suggesting it is either minimal or not reported separately. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Needy Fund' designation, what specific types of programs or direct aid does the organization provide to beneficiaries?
The provided data does not specify the types of programs or direct aid. Further investigation into their operational activities would be required to understand how the 'Needy Fund' directly assists individuals.
How does the organization manage its expenses, which have at times exceeded revenue (e.g., 2022 expenses of $73,123 vs. revenue of $57,518), without significant long-term asset depletion?
The organization appears to manage these fluctuations by drawing from accumulated assets or by having other unreported income streams. For instance, despite the 2022 deficit, assets only slightly decreased from $38,910 to $46,283 (2023 assets are higher than 2022, suggesting a recovery or other income not detailed in the 'r' field for 2023).
Filing History
IRS 990 filing history for Southbury Needy Fund Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2023), Southbury Needy Fund Inc's revenue has grown by 54.6%, moving from $51K to $79K. Total assets increased by 13.7% over the same period, from $41K to $46K. Total functional expenses rose by 185.6%, from $25K to $72K. In its most recent filing year (2023), Southbury Needy Fund Inc reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $72K | $46K | $0 | — | View 990 |
| 2022 | $58K | $73K | $39K | $0 | — | View 990 |
| 2016 | $43K | $49K | $142K | $0 | — | View 990 |
| 2015 | $132K | $41K | $147K | $0 | — | View 990 |
| 2014 | $30K | $33K | $56K | $0 | — | View 990 |
| 2013 | $52K | $34K | $59K | $0 | — | View 990 |
| 2012 | $51K | $25K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $72K, and assets of $46K (revenue +37.3% year-over-year).
- 2022: Revenue of $58K, expenses of $73K, and assets of $39K (revenue +33.4% year-over-year).
- 2016: Revenue of $43K, expenses of $49K, and assets of $142K (revenue -67.4% year-over-year).
- 2015: Revenue of $132K, expenses of $41K, and assets of $147K (revenue +336.6% year-over-year).
- 2014: Revenue of $30K, expenses of $33K, and assets of $56K (revenue -41.2% year-over-year).
- 2013: Revenue of $52K, expenses of $34K, and assets of $59K (revenue +0.9% year-over-year).
- 2012: Revenue of $51K, expenses of $25K, and assets of $41K.
Data Sources and Methodology
This transparency report for Southbury Needy Fund 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.