Special Wishes Inc
Special Wishes Inc: Consistent Revenue, High Administrative Costs
EIN: 222776048 · Oakville, CT · Updated: 2026-04-04
Is Special Wishes Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Special Wishes Inc directs 40% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Special Wishes Inc
Special Wishes Inc (EIN: 222776048) is a nonprofit organization based in Oakville, CT. The organization reported total revenue of $37K and total assets of $106K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Special Wishes 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 Special Wishes 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: 45%
- programs: 40%
- fundraising: 15%
According to IRS 990 filings, Special Wishes Inc allocates its expenses as follows: admin: 45%, programs: 40%, fundraising: 15%. Only 40% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further filings.
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 Special Wishes Inc's IRS 990 filings:
- Administrative expenses consistently represent a significant portion of total expenses (e.g., 2023: $38,366 out of $26,004 revenue, indicating a deficit covered by assets).
- The organization frequently spends more than its annual revenue, relying on accumulated assets (e.g., 2023 expenses $38,366 vs revenue $26,004).
- Lack of clear program spending details makes it hard to assess direct impact.
Strengths
The following positive indicators were identified for Special Wishes Inc:
- Maintains a consistent level of revenue over several years, indicating stable donor support.
- Possesses a healthy asset base ($106,436 in 2024) which provides financial stability despite operational deficits.
- Long operational history (data back to 2017) suggests established presence.
Frequently Asked Questions about Special Wishes Inc
Is Special Wishes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Special Wishes Inc (EIN: 222776048) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Special Wishes Inc spend its money?
Special Wishes Inc directs 40% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Special Wishes Inc tax-deductible?
Special Wishes Inc is registered as a tax-exempt nonprofit (EIN: 222776048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Special Wishes Inc do?
Special Wishes Inc is a nonprofit organization in the Unknown sector, located in Oakville, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Special Wishes Inc have?
Special Wishes Inc reported total revenue of $37,424. Based on 13 IRS 990 filings on record.
What are Special Wishes Inc's total assets?
Special Wishes Inc holds total assets of $106,436 as reported in IRS 990 filings.
Where is Special Wishes Inc located?
Special Wishes Inc is based in Oakville, Connecticut.
What is Special Wishes Inc's EIN?
Special Wishes Inc's Employer Identification Number (EIN) is 222776048. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Special Wishes Inc?
Special Wishes Inc is classified under NTEE code Unknown (Unknown).
Is Special Wishes Inc a registered 501(c)(3)?
Special Wishes Inc appears in IRS records (EIN: 222776048). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Special Wishes Inc file IRS Form 990?
Yes, Special Wishes Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Special Wishes Inc's revenue in 2024?
In the 202406 filing period, Special Wishes Inc reported total revenue of $27,833, total expenses of $19,462, and net assets of $75,583.
Is Special Wishes Inc's revenue growing or declining?
Special Wishes Inc's revenue is growing. Revenue went from $26,004 (202306) to $27,833 (202406), a +7.0% change. Based on 13 filings on record.
What is Special Wishes Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Special Wishes Inc covers tax period 202406. It shows revenue of $27,833, expenses of $19,462, total assets of $75,583, and liabilities of N/A.
How much does Special Wishes Inc spend on programs vs administration?
Based on IRS 990 analysis, Special Wishes Inc allocates approximately 40% of expenses to program services, 45% to administrative costs, and 15% to fundraising. Overhead costs appear high relative to program spending.
Is Special Wishes Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Special Wishes Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Special Wishes Inc?
The following concerns were identified: Administrative expenses consistently represent a significant portion of total expenses (e.g., 2023: $38,366 out of $26,004 revenue, indicating a deficit covered by assets).. The organization frequently spends more than its annual revenue, relying on accumulated assets (e.g., 2023 expenses $38,366 vs revenue $26,004).. Lack of clear program spending details makes it hard to assess direct impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Special Wishes Inc's strengths?
Positive indicators for Special Wishes Inc include: Maintains a consistent level of revenue over several years, indicating stable donor support.. Possesses a healthy asset base ($106,436 in 2024) which provides financial stability despite operational deficits.. Long operational history (data back to 2017) suggests established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Special Wishes Inc compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Special Wishes Inc. sustain operations with expenses frequently exceeding revenue, and what is the long-term strategy for this model?
The organization appears to cover operational deficits by drawing from its accumulated assets. For instance, in 2023, expenses were $38,366 while revenue was $26,004, indicating a $12,362 deficit likely covered by assets. A long-term strategy for this model is not evident from the provided data.
What specific programs or services does Special Wishes Inc. provide, given the high administrative and general expenses?
The provided data does not detail specific programs or services. The high administrative expenses suggest significant overhead, but without program-specific reporting, it's unclear what direct services are being delivered to beneficiaries.
Filing History
IRS 990 filing history for Special Wishes Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Special Wishes Inc's revenue has grown by 46.9%, moving from $19K to $28K. Total assets increased by 27.9% over the same period, from $59K to $76K. Total functional expenses fell by 32.1%, from $29K to $19K. In its most recent filing year (2024), Special Wishes Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $28K | $19K | $76K | $0 | — | — |
| 2023 | $26K | $38K | $70K | $0 | — | View 990 |
| 2022 | $26K | $9K | $88K | $0 | — | — |
| 2021 | $18K | $13K | $77K | $0 | — | — |
| 2020 | $30K | $15K | $58K | $0 | — | View 990 |
| 2019 | $26K | $44K | $54K | $0 | — | View 990 |
| 2018 | $23K | $50K | $64K | $0 | — | — |
| 2017 | $32K | $36K | $96K | $0 | — | View 990 |
| 2016 | $20K | $23K | $58K | $0 | — | View 990 |
| 2015 | $24K | $26K | $59K | $0 | — | View 990 |
| 2014 | $16K | $18K | $62K | $0 | — | View 990 |
| 2013 | $17K | $21K | $62K | $0 | — | View 990 |
| 2012 | $19K | $29K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $28K, expenses of $19K, and assets of $76K (revenue +7.0% year-over-year).
- 2023: Revenue of $26K, expenses of $38K, and assets of $70K (revenue +2.0% year-over-year).
- 2022: Revenue of $26K, expenses of $9K, and assets of $88K (revenue +40.3% year-over-year).
- 2021: Revenue of $18K, expenses of $13K, and assets of $77K (revenue -38.5% year-over-year).
- 2020: Revenue of $30K, expenses of $15K, and assets of $58K (revenue +12.1% year-over-year).
- 2019: Revenue of $26K, expenses of $44K, and assets of $54K (revenue +16.0% year-over-year).
- 2018: Revenue of $23K, expenses of $50K, and assets of $64K (revenue -29.7% year-over-year).
- 2017: Revenue of $32K, expenses of $36K, and assets of $96K (revenue +59.6% year-over-year).
- 2016: Revenue of $20K, expenses of $23K, and assets of $58K (revenue -14.1% year-over-year).
- 2015: Revenue of $24K, expenses of $26K, and assets of $59K (revenue +50.0% year-over-year).
- 2014: Revenue of $16K, expenses of $18K, and assets of $62K (revenue -7.1% year-over-year).
- 2013: Revenue of $17K, expenses of $21K, and assets of $62K (revenue -10.7% year-over-year).
- 2012: Revenue of $19K, expenses of $29K, and assets of $59K.
Data Sources and Methodology
This transparency report for Special Wishes 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.