The Annex Young Mens Association Incorporated
EIN: 60917032 · New Haven, CT · NTEE: S80
| Metric | Value |
|---|---|
| Total Revenue | $217K |
| Total Expenses | $140K |
| Net Assets | $-57,430 |
Is The Annex Young Mens Association Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Annex Young Mens Association Incorporated
The Annex Young Mens Association Incorporated (EIN: 60917032) is a nonprofit organization based in New Haven, CT, classified under NTEE code S80. The organization reported total revenue of $217K and total assets of $183K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Annex Young Mens Association Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Annex Young Mens Association Incorporated is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $140K |
| Surplus / Deficit | $-24,160 |
| Total Assets | $60K |
| Total Liabilities | $118K |
| Net Assets | $-57,430 |
| Operating Margin | -20.9% |
| Debt-to-Asset Ratio | 195.3% |
| Months of Reserves | 5.2 months |
Financial Health Grade: C
In 2023, The Annex Young Mens Association Incorporated reported a deficit of $24K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 195.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Annex Young Mens Association Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | -1.7% | -32.0% |
| 2022 | +27.0% | +23.3% | -3.4% |
| 2021 | +41.0% | -9.8% | +68.9% |
| 2020 | -51.4% | -34.0% | +28.3% |
| 2019 | -7.9% | -3.6% | -19.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Annex Young Mens Association 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 The Annex Young Mens Association 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 deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 195.3%.
Frequently Asked Questions about The Annex Young Mens Association Incorporated
Is The Annex Young Mens Association Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, The Annex Young Mens Association Incorporated (EIN: 60917032) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Annex Young Mens Association Incorporated spend its money?
Detailed spending breakdown data is not yet available for The Annex Young Mens Association Incorporated. Check back for updated IRS 990 analysis.
Are donations to The Annex Young Mens Association Incorporated tax-deductible?
The Annex Young Mens Association Incorporated is registered as a tax-exempt nonprofit (EIN: 60917032). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Annex Young Mens Association Incorporated located?
The Annex Young Mens Association Incorporated is headquartered in New Haven, Connecticut and files with the IRS under EIN 60917032. It is classified under NTEE code S80.
How many years of IRS 990 filings does The Annex Young Mens Association Incorporated have?
The Annex Young Mens Association Incorporated 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 $217K in total revenue.
Filing History
IRS 990 filing history for The Annex Young Mens Association Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Annex Young Mens Association Incorporated's revenue has declined by 46.2%, moving from $215K to $116K. Total assets decreased by 75.8% over the same period, from $249K to $60K. Total functional expenses fell by 42.9%, from $245K to $140K. In its most recent filing year (2023), The Annex Young Mens Association Incorporated reported a deficit of $24K, with expenses exceeding revenue. The organization holds $118K in liabilities against $60K in assets (debt-to-asset ratio: 195.3%), resulting in net assets of $-57,430.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $140K | $60K | $118K | — | View 990 |
| 2022 | $145K | $142K | $89K | $122K | — | — |
| 2021 | $114K | $115K | $92K | $128K | — | View 990 |
| 2020 | $81K | $128K | $54K | $89K | — | — |
| 2019 | $167K | $194K | $42K | $30K | — | View 990 |
| 2018 | $181K | $201K | $52K | $13K | — | View 990 |
| 2017 | $195K | $210K | $64K | $5K | — | — |
| 2016 | $199K | $215K | $78K | $4K | — | View 990 |
| 2015 | $210K | $231K | $94K | $5K | — | View 990 |
| 2014 | $203K | $259K | $115K | $4K | — | View 990 |
| 2013 | $224K | $267K | $171K | $4K | — | View 990 |
| 2012 | $225K | $262K | $216K | $6K | — | View 990 |
| 2011 | $215K | $245K | $249K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $140K, and assets of $60K (revenue -20.2% year-over-year).
- 2022: Revenue of $145K, expenses of $142K, and assets of $89K (revenue +27.0% year-over-year).
- 2021: Revenue of $114K, expenses of $115K, and assets of $92K (revenue +41.0% year-over-year).
- 2020: Revenue of $81K, expenses of $128K, and assets of $54K (revenue -51.4% year-over-year).
- 2019: Revenue of $167K, expenses of $194K, and assets of $42K (revenue -7.9% year-over-year).
- 2018: Revenue of $181K, expenses of $201K, and assets of $52K (revenue -7.2% year-over-year).
- 2017: Revenue of $195K, expenses of $210K, and assets of $64K (revenue -2.0% year-over-year).
- 2016: Revenue of $199K, expenses of $215K, and assets of $78K (revenue -5.2% year-over-year).
- 2015: Revenue of $210K, expenses of $231K, and assets of $94K (revenue +3.6% year-over-year).
- 2014: Revenue of $203K, expenses of $259K, and assets of $115K (revenue -9.7% year-over-year).
- 2013: Revenue of $224K, expenses of $267K, and assets of $171K (revenue -0.1% year-over-year).
- 2012: Revenue of $225K, expenses of $262K, and assets of $216K (revenue +4.3% year-over-year).
- 2011: Revenue of $215K, expenses of $245K, and assets of $249K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Annex Young Mens Association Incorporated:
Data Sources and Methodology
This transparency report for The Annex Young Mens Association 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.