Thames River Community Service Inc
Thames River Community Service Inc: Stable Revenue, High Program Spending, but Limited Public Financial Detail
EIN: 223096914 · Norwich, CT · NTEE: P46Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $946K |
| Transparency Score | 75/100 |
Is Thames River Community Service Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thames River Community Service Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thames River Community Service Inc
Thames River Community Service Inc (EIN: 223096914) is a nonprofit organization based in Norwich, CT, classified under NTEE code P46Z. The organization reported total revenue of $1.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thames River Community Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thames River Community Service Inc is a mid-size 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 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $995K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-83,456 |
| Total Assets | $1.3M |
| Total Liabilities | $368K |
| Net Assets | $946K |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 28.0% |
| Months of Reserves | 14.6 months |
Financial Health Grade: B
In 2023, Thames River Community Service Inc reported a deficit of $83K with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 28.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thames River Community Service Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.3% | +3.8% | +17.6% |
| 2022 | +10.5% | +8.2% | -11.6% |
| 2021 | +0.9% | +6.3% | +2.6% |
| 2020 | +20.1% | +7.4% | -0.8% |
| 2019 | -4.9% | +1.0% | +0.5% |
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 Thames River Community Service Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Thames River Community Service Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.0%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided high-level financial data, making it impossible to assess without more detailed 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 Thames River Community Service Inc's IRS 990 filings:
- Lack of detailed financial transparency beyond basic IRS 990 summaries makes it difficult to fully assess operational efficiency and specific program impact.
- The provided data does not include specific executive compensation figures, which is a common red flag for transparency.
Strengths
The following positive indicators were identified for Thames River Community Service Inc:
- Consistent revenue generation over several years, with 2023 revenue at $995,128, indicating stable operational funding.
- Assets consistently exceed liabilities, with 2023 assets at $1,313,286 and liabilities at $367,555, suggesting financial stability.
- The organization maintains a healthy asset base, consistently above $1 million, providing a buffer for operations.
Frequently Asked Questions about Thames River Community Service Inc
Is Thames River Community Service Inc a legitimate charity?
Thames River Community Service Inc (EIN: 223096914) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Thames River Community Service Inc spend its money?
Thames River Community Service Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Thames River Community Service Inc tax-deductible?
Thames River Community Service Inc is registered as a tax-exempt nonprofit (EIN: 223096914). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Thames River Community Service Inc's spending goes to programs?
Thames River Community Service Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thames River Community Service Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Thames River Community Service Inc is above average for NTEE category P46Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thames River Community Service Inc located?
Thames River Community Service Inc is headquartered in Norwich, Connecticut and files with the IRS under EIN 223096914. It is classified under NTEE code P46Z.
How many years of IRS 990 filings does Thames River Community Service Inc have?
Thames River Community Service 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 $1.3M in total revenue.
What does Thames River Community Service Inc do?
Thames River Community Service Inc is a nonprofit organization in the Human Services sector, located in Norwich, Connecticut. It is classified under NTEE code P46Z.
How much revenue does Thames River Community Service Inc have?
Thames River Community Service Inc reported total revenue of $1,316,063. Based on 13 IRS 990 filings on record.
What are Thames River Community Service Inc's total assets?
Thames River Community Service Inc holds total assets of $1,662,150 as reported in IRS 990 filings.
Where is Thames River Community Service Inc located?
Thames River Community Service Inc is based in Norwich, Connecticut.
What is Thames River Community Service Inc's EIN?
Thames River Community Service Inc's Employer Identification Number (EIN) is 223096914. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Thames River Community Service Inc?
Thames River Community Service Inc is classified under NTEE code P46Z (Human Services).
Is Thames River Community Service Inc a registered 501(c)(3)?
Yes, Thames River Community Service Inc is recognized as a tax-exempt organization by the IRS. EIN: 223096914.
Does Thames River Community Service Inc file IRS Form 990?
Yes, Thames River Community Service Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Thames River Community Service Inc's revenue in 2023?
In the 202306 filing period, Thames River Community Service Inc reported total revenue of $995,128, total expenses of $1,078,584, and net assets of $1,313,286.
Is Thames River Community Service Inc's revenue growing or declining?
Thames River Community Service Inc's revenue is relatively stable. Revenue went from $1,018,811 (202206) to $995,128 (202306), a -2.3% change. Based on 13 filings on record.
What is Thames River Community Service Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Thames River Community Service Inc covers tax period 202306. It shows revenue of $995,128, expenses of $1,078,584, total assets of $1,313,286, and liabilities of $367,555.
How much does Thames River Community Service Inc spend on programs vs administration?
Based on IRS 990 analysis, Thames River Community Service Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Thames River Community Service Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Thames River Community Service Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Thames River Community Service Inc?
The following concerns were identified: Lack of detailed financial transparency beyond basic IRS 990 summaries makes it difficult to fully assess operational efficiency and specific program impact.. The provided data does not include specific executive compensation figures, which is a common red flag for transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Thames River Community Service Inc's strengths?
Positive indicators for Thames River Community Service Inc include: Consistent revenue generation over several years, with 2023 revenue at $995,128, indicating stable operational funding.. Assets consistently exceed liabilities, with 2023 assets at $1,313,286 and liabilities at $367,555, suggesting financial stability.. The organization maintains a healthy asset base, consistently above $1 million, providing a buffer for operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Thames River Community Service Inc compensate executives?
Executive compensation is not disclosed in the provided high-level financial data, making it impossible to assess without more detailed filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset base, what specific programs does Thames River Community Service Inc primarily fund, and how are their outcomes measured?
The provided data does not detail specific programs or their outcomes. Further investigation into their mission statement and program descriptions would be necessary to answer this.
How does the organization manage its liabilities, which have fluctuated significantly (e.g., $87,954 in 2022 vs. $367,555 in 2023), and what factors contribute to these changes?
The provided data only shows total liabilities. Without detailed financial statements, it's impossible to determine the composition of these liabilities (e.g., program-related debt, operational payables) or the specific reasons for their fluctuations.
Filing History
IRS 990 filing history for Thames River Community Service Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thames River Community Service Inc's revenue has grown by 14.9%, moving from $866K to $995K. Total assets decreased by 25.4% over the same period, from $1.8M to $1.3M. Total functional expenses rose by 24.2%, from $868K to $1.1M. In its most recent filing year (2023), Thames River Community Service Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $368K in liabilities against $1.3M in assets (debt-to-asset ratio: 28.0%), resulting in net assets of $946K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $995K | $1.1M | $1.3M | $368K | — | View 990 |
| 2022 | $1.0M | $1.0M | $1.1M | $88K | — | View 990 |
| 2021 | $922K | $960K | $1.3M | $214K | — | View 990 |
| 2020 | $914K | $904K | $1.2M | $143K | — | View 990 |
| 2019 | $761K | $842K | $1.2M | $163K | — | View 990 |
| 2018 | $800K | $834K | $1.2M | $75K | — | View 990 |
| 2017 | $764K | $875K | $1.4M | $163K | — | View 990 |
| 2016 | $877K | $1.0M | $1.5M | $152K | — | View 990 |
| 2015 | $909K | $1.0M | $1.6M | $206K | — | View 990 |
| 2014 | $969K | $946K | $1.7M | $135K | — | View 990 |
| 2013 | $849K | $935K | $1.6M | $118K | — | View 990 |
| 2012 | $864K | $982K | $1.7M | $84K | — | View 990 |
| 2011 | $866K | $868K | $1.8M | $71K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $995K, expenses of $1.1M, and assets of $1.3M (revenue -2.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $1.1M (revenue +10.5% year-over-year).
- 2021: Revenue of $922K, expenses of $960K, and assets of $1.3M (revenue +0.9% year-over-year).
- 2020: Revenue of $914K, expenses of $904K, and assets of $1.2M (revenue +20.1% year-over-year).
- 2019: Revenue of $761K, expenses of $842K, and assets of $1.2M (revenue -4.9% year-over-year).
- 2018: Revenue of $800K, expenses of $834K, and assets of $1.2M (revenue +4.8% year-over-year).
- 2017: Revenue of $764K, expenses of $875K, and assets of $1.4M (revenue -12.9% year-over-year).
- 2016: Revenue of $877K, expenses of $1.0M, and assets of $1.5M (revenue -3.5% year-over-year).
- 2015: Revenue of $909K, expenses of $1.0M, and assets of $1.6M (revenue -6.2% year-over-year).
- 2014: Revenue of $969K, expenses of $946K, and assets of $1.7M (revenue +14.1% year-over-year).
- 2013: Revenue of $849K, expenses of $935K, and assets of $1.6M (revenue -1.7% year-over-year).
- 2012: Revenue of $864K, expenses of $982K, and assets of $1.7M (revenue -0.2% year-over-year).
- 2011: Revenue of $866K, expenses of $868K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thames River Community Service Inc:
Data Sources and Methodology
This transparency report for Thames River Community Service 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.