Susan Fund Inc
Susan Fund Inc: Transparent and Efficient Nonprofit with Room for Improvement
EIN: 223174640 · Norwalk, CT · NTEE: B82J · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $109K |
| Total Expenses | $95K |
| Program Spending | 55% |
| Net Assets | $421K |
| Transparency Score | 85/100 |
Is Susan Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Susan Fund Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Susan Fund Inc
Susan Fund Inc (EIN: 223174640) is a nonprofit organization based in Norwalk, CT, classified under NTEE code B82J. The organization reported total revenue of $109K and total assets of $455K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Susan Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Susan Fund Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $95K |
| Surplus / Deficit | $-41,892 |
| Total Assets | $421K |
| Net Assets | $421K |
| Operating Margin | -79.1% |
| Months of Reserves | 53.2 months |
Financial Health Grade: B
In 2023, Susan Fund Inc reported a deficit of $42K with expenses exceeding revenue, holds 53.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Susan Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.1% | -2.8% | +1.1% |
| 2022 | -6.5% | +25.1% | -18.2% |
| 2021 | +4.0% | -12.5% | +14.3% |
| 2020 | +9.2% | +21.0% | +0.4% |
| 2019 | +7.6% | +33.4% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Susan Fund Inc with a Mission Score of 85 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: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, Susan Fund Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $42K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has remained consistent, with no significant increases over the past decade.
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 Susan Fund Inc's IRS 990 filings:
- The fundraising expenses have decreased, which could indicate a need for further fundraising efforts to maintain program funding.
- The administrative costs are relatively high compared to program expenses, suggesting potential areas for cost reduction.
- The consistency in executive compensation may not reflect the organization's financial health or the effectiveness of its fundraising efforts.
Strengths
The following positive indicators were identified for Susan Fund Inc:
- The organization provides detailed program expenses, enhancing transparency and accountability.
Frequently Asked Questions about Susan Fund Inc
Is Susan Fund Inc a legitimate charity?
Susan Fund Inc (EIN: 223174640) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $109K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Susan Fund Inc spend its money?
Susan Fund Inc directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Susan Fund Inc tax-deductible?
Susan Fund Inc is registered as a tax-exempt nonprofit (EIN: 223174640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Susan Fund Inc's spending goes to programs?
Susan Fund Inc directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Susan Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Susan Fund Inc is above average for NTEE category B82J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Susan Fund Inc located?
Susan Fund Inc is headquartered in Norwalk, Connecticut and files with the IRS under EIN 223174640. It is classified under NTEE code B82J.
How many years of IRS 990 filings does Susan Fund Inc have?
Susan Fund Inc has 13 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 $109K in total revenue.
What does Susan Fund Inc do?
Susan Fund Inc is a nonprofit organization in the Education sector, located in Norwalk, Connecticut. It is classified under NTEE code B82J.
How much revenue does Susan Fund Inc have?
Susan Fund Inc reported total revenue of $109,412. Based on 13 IRS 990 filings on record.
What are Susan Fund Inc's total assets?
Susan Fund Inc holds total assets of $455,112 as reported in IRS 990 filings.
Where is Susan Fund Inc located?
Susan Fund Inc is based in Norwalk, Connecticut.
What is Susan Fund Inc's EIN?
Susan Fund Inc's Employer Identification Number (EIN) is 223174640. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Susan Fund Inc?
Susan Fund Inc is classified under NTEE code B82J (Education).
Is Susan Fund Inc a registered 501(c)(3)?
Yes, Susan Fund Inc is recognized as a tax-exempt organization by the IRS. EIN: 223174640.
Does Susan Fund Inc file IRS Form 990?
Yes, Susan Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Susan Fund Inc's revenue in 2023?
In the 202312 filing period, Susan Fund Inc reported total revenue of $52,992, total expenses of $94,884, and net assets of $420,575.
Is Susan Fund Inc's revenue growing or declining?
Susan Fund Inc's revenue is declining. Revenue went from $88,403 (202212) to $52,992 (202312), a -40.1% change. Based on 13 filings on record.
What is Susan Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Susan Fund Inc covers tax period 202312. It shows revenue of $52,992, expenses of $94,884, total assets of $420,575, and liabilities of N/A.
How much does Susan Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Susan Fund Inc allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Susan Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Susan Fund Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Susan Fund Inc?
The following concerns were identified: The fundraising expenses have decreased, which could indicate a need for further fundraising efforts to maintain program funding.. The administrative costs are relatively high compared to program expenses, suggesting potential areas for cost reduction.. The consistency in executive compensation may not reflect the organization's financial health or the effectiveness of its fundraising efforts.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Susan Fund Inc's strengths?
Positive indicators for Susan Fund Inc include: The organization provides detailed program expenses, enhancing transparency and accountability.. These findings are derived from AI analysis of the organization's financial filings.
How does Susan Fund Inc compensate executives?
Executive compensation has remained consistent, with no significant increases over the past decade. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Susan Fund Inc?
1. Detailed program expenses are provided for each year. 2. Administrative costs have remained relatively stable over the years. 3. Fundraising expenses have decreased, indicating a more efficient fundraising strategy. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Susan Fund Inc's spending on programs compare to its administrative costs?
Susan Fund Inc allocates 55% of its budget to programs and 25% to administration, indicating a relatively high investment in programs compared to administrative costs.
What has been the trend in fundraising expenses over the years?
Fundraising expenses have decreased over the years, from 20% in 2018 to 20% in 2023, suggesting a more efficient fundraising strategy.
How does the consistency in executive compensation reflect the organization's financial health?
The consistent executive compensation, despite changes in overall financial performance, may not fully reflect the organization's financial health or the effectiveness of its fundraising efforts.
Filing History
IRS 990 filing history for Susan Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Susan Fund Inc's revenue has declined by 24.1%, moving from $70K to $53K. Total assets increased by 10.6% over the same period, from $380K to $421K. Total functional expenses rose by 14.8%, from $83K to $95K. In its most recent filing year (2023), Susan Fund Inc reported a deficit of $42K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $95K | $421K | $0 | — | — |
| 2022 | $88K | $98K | $416K | $0 | — | — |
| 2021 | $95K | $78K | $509K | $0 | — | View 990 |
| 2020 | $91K | $89K | $445K | $0 | — | View 990 |
| 2019 | $83K | $74K | $443K | $0 | — | View 990 |
| 2018 | $77K | $55K | $427K | $0 | — | View 990 |
| 2017 | $67K | $68K | $409K | $0 | — | View 990 |
| 2016 | $92K | $81K | $410K | $0 | — | View 990 |
| 2015 | $81K | $72K | $403K | $0 | — | View 990 |
| 2014 | $78K | $73K | $394K | $0 | — | View 990 |
| 2013 | $80K | $66K | $388K | $0 | — | View 990 |
| 2012 | $75K | $83K | $372K | $0 | — | View 990 |
| 2011 | $70K | $83K | $380K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $95K, and assets of $421K (revenue -40.1% year-over-year).
- 2022: Revenue of $88K, expenses of $98K, and assets of $416K (revenue -6.5% year-over-year).
- 2021: Revenue of $95K, expenses of $78K, and assets of $509K (revenue +4.0% year-over-year).
- 2020: Revenue of $91K, expenses of $89K, and assets of $445K (revenue +9.2% year-over-year).
- 2019: Revenue of $83K, expenses of $74K, and assets of $443K (revenue +7.6% year-over-year).
- 2018: Revenue of $77K, expenses of $55K, and assets of $427K (revenue +15.8% year-over-year).
- 2017: Revenue of $67K, expenses of $68K, and assets of $409K (revenue -27.4% year-over-year).
- 2016: Revenue of $92K, expenses of $81K, and assets of $410K (revenue +13.6% year-over-year).
- 2015: Revenue of $81K, expenses of $72K, and assets of $403K (revenue +3.8% year-over-year).
- 2014: Revenue of $78K, expenses of $73K, and assets of $394K (revenue -2.7% year-over-year).
- 2013: Revenue of $80K, expenses of $66K, and assets of $388K (revenue +7.1% year-over-year).
- 2012: Revenue of $75K, expenses of $83K, and assets of $372K (revenue +7.3% year-over-year).
- 2011: Revenue of $70K, expenses of $83K, and assets of $380K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Susan Fund Inc:
Data Sources and Methodology
This transparency report for Susan 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.