Svea Social Club Incorporated
EIN: 60556770 · Kensington, CT
Is Svea Social Club Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Svea Social Club Incorporated
Svea Social Club Incorporated (EIN: 60556770) is a nonprofit organization based in Kensington, CT. The organization reported total revenue of $55K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Svea Social Club Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Svea Social Club Incorporated is a micro nonprofit that has been operating for 60 years, with 14 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $30K |
| Surplus / Deficit | +$255 |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | 0.8% |
| Months of Reserves | 0.4 months |
Financial Health Grade: A
In 2023, Svea Social Club Incorporated reported a surplus of $255 with revenue exceeding expenses, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2009–2023), Svea Social Club Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.5% | -30.5% | +34.1% |
| 2022 | -16.4% | -10.2% | -65.5% |
| 2020 | +16.5% | +13.6% | +113.0% |
| 2019 | +3.2% | -8.7% | +160.8% |
| 2018 | -10.7% | +3.0% | -89.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Svea Social Club Incorporated 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 Svea Social Club Incorporated 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 surplus of $255, with revenue exceeding expenses.
Frequently Asked Questions about Svea Social Club Incorporated
Is Svea Social Club Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Svea Social Club Incorporated (EIN: 60556770) insufficient data. 0 red flags identified, 0 strengths noted.
How does Svea Social Club Incorporated spend its money?
Detailed spending breakdown data is not yet available for Svea Social Club Incorporated. Check back for updated IRS 990 analysis.
Are donations to Svea Social Club Incorporated tax-deductible?
Svea Social Club Incorporated is registered as a tax-exempt nonprofit (EIN: 60556770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Svea Social Club Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2023), Svea Social Club Incorporated's revenue has declined by 54.9%, moving from $67K to $30K. Total assets decreased by 39.3% over the same period, from $2K to $1K. Total functional expenses fell by 53%, from $63K to $30K. In its most recent filing year (2023), Svea Social Club Incorporated reported a surplus of $255, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $30K | $1K | $0 | — | — |
| 2022 | $41K | $43K | $747 | $0 | — | View 990 |
| 2020 | $49K | $48K | $2K | $0 | — | View 990 |
| 2019 | $42K | $42K | $1K | $0 | — | View 990 |
| 2018 | $41K | $46K | $390 | $0 | — | View 990 |
| 2017 | $45K | $45K | $4K | $0 | — | View 990 |
| 2016 | $46K | $45K | $3K | $0 | — | View 990 |
| 2015 | $38K | $39K | $2K | $0 | — | View 990 |
| 2014 | $60K | $44K | $38K | $0 | — | View 990 |
| 2013 | $59K | $46K | $21K | $0 | — | View 990 |
| 2012 | $63K | $57K | $10K | $0 | — | View 990 |
| 2011 | $66K | $62K | $4K | $0 | — | View 990 |
| 2010 | $57K | $56K | $484 | $0 | — | View 990 |
| 2009 | $67K | $63K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $30K, and assets of $1K (revenue -26.5% year-over-year).
- 2022: Revenue of $41K, expenses of $43K, and assets of $747 (revenue -16.4% year-over-year).
- 2020: Revenue of $49K, expenses of $48K, and assets of $2K (revenue +16.5% year-over-year).
- 2019: Revenue of $42K, expenses of $42K, and assets of $1K (revenue +3.2% year-over-year).
- 2018: Revenue of $41K, expenses of $46K, and assets of $390 (revenue -10.7% year-over-year).
- 2017: Revenue of $45K, expenses of $45K, and assets of $4K (revenue -1.1% year-over-year).
- 2016: Revenue of $46K, expenses of $45K, and assets of $3K (revenue +22.5% year-over-year).
- 2015: Revenue of $38K, expenses of $39K, and assets of $2K (revenue -37.8% year-over-year).
- 2014: Revenue of $60K, expenses of $44K, and assets of $38K (revenue +2.3% year-over-year).
- 2013: Revenue of $59K, expenses of $46K, and assets of $21K (revenue -5.7% year-over-year).
- 2012: Revenue of $63K, expenses of $57K, and assets of $10K (revenue -5.3% year-over-year).
- 2011: Revenue of $66K, expenses of $62K, and assets of $4K (revenue +16.5% year-over-year).
- 2010: Revenue of $57K, expenses of $56K, and assets of $484 (revenue -14.9% year-over-year).
- 2009: Revenue of $67K, expenses of $63K, and assets of $2K.
Data Sources and Methodology
This transparency report for Svea Social Club Incorporated 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.