The Connecticut Renaissance Fund Inc
Connecticut Renaissance Fund: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 222756052 · Shelton, CT · NTEE: S50 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $49K |
| Program Spending | 59% |
| Net Assets | $1.6M |
| Transparency Score | 65/100 |
Is The Connecticut Renaissance Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Connecticut Renaissance Fund Inc directs 59% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About The Connecticut Renaissance Fund Inc
The Connecticut Renaissance Fund Inc (EIN: 222756052) is a nonprofit organization based in Shelton, CT, classified under NTEE code S50. The organization reported total revenue of $381K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Connecticut Renaissance Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Connecticut Renaissance Fund Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $198K |
| Total Expenses | $49K |
| Surplus / Deficit | +$149K |
| Total Assets | $1.9M |
| Total Liabilities | $292K |
| Net Assets | $1.6M |
| Operating Margin | 75.3% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 464.0 months |
Financial Health Grade: A
In 2023, The Connecticut Renaissance Fund Inc reported a surplus of $149K with revenue exceeding expenses, holds 464.0 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Connecticut Renaissance Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.2% | -42.0% | +6.6% |
| 2022 | -20.1% | +23.2% | +5.3% |
| 2021 | -0.2% | -67.6% | +9.9% |
| 2020 | -1.0% | -65.6% | -0.3% |
| 2019 | +8.3% | +229.9% | -23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 The Connecticut Renaissance Fund 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: 24%
- programs: 59%
- fundraising: 17%
According to IRS 990 filings, The Connecticut Renaissance Fund Inc allocates its expenses as follows: admin: 24%, programs: 59%, fundraising: 17%. Approximately 59% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $149K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.4%.
Executive Compensation Analysis
Without specific compensation figures for key executives from the provided data, a detailed assessment of executive compensation is not possible.
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 The Connecticut Renaissance Fund Inc's IRS 990 filings:
- Total revenue has shown a consistent downward trend, from $256,973 in 2019 to $198,370 in 2023.
- Administrative expenses appear high relative to program spending, with $48,951 in 2023 compared to $198,370 in revenue.
- The organization's liabilities have remained significant, ranging from $292,374 to $434,027 over the last five years, indicating potential financial strain.
Strengths
The following positive indicators were identified for The Connecticut Renaissance Fund Inc:
- Total assets have remained relatively stable over the past five years, indicating some financial resilience despite revenue declines.
- The organization has consistently filed its financial reports, demonstrating a commitment to regulatory compliance.
Frequently Asked Questions about The Connecticut Renaissance Fund Inc
Is The Connecticut Renaissance Fund Inc a legitimate charity?
The Connecticut Renaissance Fund Inc (EIN: 222756052) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $381K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does The Connecticut Renaissance Fund Inc spend its money?
The Connecticut Renaissance Fund Inc directs 59% of its spending to programs and services. Fundraising costs 17%. This falls below the 65% benchmark.
Are donations to The Connecticut Renaissance Fund Inc tax-deductible?
The Connecticut Renaissance Fund Inc is registered as a tax-exempt nonprofit (EIN: 222756052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Connecticut Renaissance Fund Inc's spending goes to programs?
The Connecticut Renaissance Fund Inc directs 59% to programs, 17% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does The Connecticut Renaissance Fund Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Connecticut Renaissance Fund Inc is above average for NTEE category S50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Connecticut Renaissance Fund Inc located?
The Connecticut Renaissance Fund Inc is headquartered in Shelton, Connecticut and files with the IRS under EIN 222756052. It is classified under NTEE code S50.
How many years of IRS 990 filings does The Connecticut Renaissance Fund Inc have?
The Connecticut Renaissance 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 $381K in total revenue.
What does The Connecticut Renaissance Fund Inc do?
The Connecticut Renaissance Fund Inc is a nonprofit organization in the Community Improvement sector, located in Shelton, Connecticut. It is classified under NTEE code S50.
How much revenue does The Connecticut Renaissance Fund Inc have?
The Connecticut Renaissance Fund Inc reported total revenue of $381,004. Based on 13 IRS 990 filings on record.
What are The Connecticut Renaissance Fund Inc's total assets?
The Connecticut Renaissance Fund Inc holds total assets of $2,993,973 as reported in IRS 990 filings.
Where is The Connecticut Renaissance Fund Inc located?
The Connecticut Renaissance Fund Inc is based in Shelton, Connecticut.
What is The Connecticut Renaissance Fund Inc's EIN?
The Connecticut Renaissance Fund Inc's Employer Identification Number (EIN) is 222756052. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Connecticut Renaissance Fund Inc?
The Connecticut Renaissance Fund Inc is classified under NTEE code S50 (Community Improvement).
Is The Connecticut Renaissance Fund Inc a registered 501(c)(3)?
Yes, The Connecticut Renaissance Fund Inc is recognized as a tax-exempt organization by the IRS. EIN: 222756052.
Does The Connecticut Renaissance Fund Inc file IRS Form 990?
Yes, The Connecticut Renaissance Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Connecticut Renaissance Fund Inc's revenue in 2023?
In the 202306 filing period, The Connecticut Renaissance Fund Inc reported total revenue of $198,370, total expenses of $48,951, and net assets of $1,892,570.
Is The Connecticut Renaissance Fund Inc's revenue growing or declining?
The Connecticut Renaissance Fund Inc's revenue is relatively stable. Revenue went from $202,876 (202206) to $198,370 (202306), a -2.2% change. Based on 13 filings on record.
What is The Connecticut Renaissance Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Connecticut Renaissance Fund Inc covers tax period 202306. It shows revenue of $198,370, expenses of $48,951, total assets of $1,892,570, and liabilities of $292,374.
How much does The Connecticut Renaissance Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, The Connecticut Renaissance Fund Inc allocates approximately 59% of expenses to program services, 24% to administrative costs, and 17% to fundraising. Program spending is moderate relative to overhead.
Is The Connecticut Renaissance Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Connecticut Renaissance Fund Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for The Connecticut Renaissance Fund Inc?
The following concerns were identified: Total revenue has shown a consistent downward trend, from $256,973 in 2019 to $198,370 in 2023.. Administrative expenses appear high relative to program spending, with $48,951 in 2023 compared to $198,370 in revenue.. The organization's liabilities have remained significant, ranging from $292,374 to $434,027 over the last five years, indicating potential financial strain.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Connecticut Renaissance Fund Inc's strengths?
Positive indicators for The Connecticut Renaissance Fund Inc include: Total assets have remained relatively stable over the past five years, indicating some financial resilience despite revenue declines.. The organization has consistently filed its financial reports, demonstrating a commitment to regulatory compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does The Connecticut Renaissance Fund Inc compensate executives?
Without specific compensation figures for key executives from the provided data, a detailed assessment of executive compensation is not possible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue, what strategies is The Connecticut Renaissance Fund Inc. implementing to diversify funding sources or increase donor engagement to ensure long-term sustainability?
The provided data does not offer insights into specific strategies for revenue diversification or donor engagement. The consistent decline suggests a need for a strategic review of fundraising efforts.
How does the organization justify its administrative spending, which appears to be a significant portion of its expenses, and what measures are in place to optimize operational efficiency?
The data shows administrative expenses of $48,951 in 2023. Without a detailed breakdown of these costs or an explanation from the organization, it's difficult to assess their justification or efficiency measures. Further investigation into their Form 990s would be necessary.
Filing History
IRS 990 filing history for The Connecticut Renaissance Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Connecticut Renaissance Fund Inc's revenue has declined by 1.6%, moving from $202K to $198K. Total assets decreased by 0% over the same period, from $1.9M to $1.9M. Total functional expenses fell by 65.4%, from $141K to $49K. In its most recent filing year (2023), The Connecticut Renaissance Fund Inc reported a surplus of $149K, with revenue exceeding expenses. The organization holds $292K in liabilities against $1.9M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $198K | $49K | $1.9M | $292K | — | View 990 |
| 2022 | $203K | $84K | $1.8M | $325K | — | View 990 |
| 2021 | $254K | $68K | $1.7M | $354K | — | View 990 |
| 2020 | $254K | $211K | $1.5M | $387K | — | View 990 |
| 2019 | $257K | $614K | $1.5M | $434K | — | View 990 |
| 2018 | $237K | $186K | $2.0M | $539K | — | View 990 |
| 2017 | $149K | $218K | $2.0M | $580K | — | View 990 |
| 2016 | $238K | $136K | $2.1M | $595K | — | View 990 |
| 2015 | $211K | $159K | $2.1M | $734K | — | View 990 |
| 2014 | $225K | $126K | $2.0M | $697K | — | View 990 |
| 2013 | $219K | $122K | $1.9M | $723K | — | View 990 |
| 2012 | $175K | $144K | $1.9M | $782K | — | View 990 |
| 2011 | $202K | $141K | $1.9M | $795K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198K, expenses of $49K, and assets of $1.9M (revenue -2.2% year-over-year).
- 2022: Revenue of $203K, expenses of $84K, and assets of $1.8M (revenue -20.1% year-over-year).
- 2021: Revenue of $254K, expenses of $68K, and assets of $1.7M (revenue -0.2% year-over-year).
- 2020: Revenue of $254K, expenses of $211K, and assets of $1.5M (revenue -1.0% year-over-year).
- 2019: Revenue of $257K, expenses of $614K, and assets of $1.5M (revenue +8.3% year-over-year).
- 2018: Revenue of $237K, expenses of $186K, and assets of $2.0M (revenue +59.5% year-over-year).
- 2017: Revenue of $149K, expenses of $218K, and assets of $2.0M (revenue -37.5% year-over-year).
- 2016: Revenue of $238K, expenses of $136K, and assets of $2.1M (revenue +12.8% year-over-year).
- 2015: Revenue of $211K, expenses of $159K, and assets of $2.1M (revenue -6.1% year-over-year).
- 2014: Revenue of $225K, expenses of $126K, and assets of $2.0M (revenue +2.5% year-over-year).
- 2013: Revenue of $219K, expenses of $122K, and assets of $1.9M (revenue +25.1% year-over-year).
- 2012: Revenue of $175K, expenses of $144K, and assets of $1.9M (revenue -13.1% year-over-year).
- 2011: Revenue of $202K, expenses of $141K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Connecticut Renaissance Fund Inc:
Data Sources and Methodology
This transparency report for The Connecticut Renaissance 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.