The Diaper Bank Of Connecticut Inc
Diaper Bank Of Connecticut shows strong revenue growth and zero reported officer compensation over a decade.
EIN: 201179912 · North Haven, CT · Updated: 2026-03-28
Is The Diaper Bank Of Connecticut Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Diaper Bank Of Connecticut Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Diaper Bank Of Connecticut Inc
The Diaper Bank Of Connecticut Inc (EIN: 201179912) is a nonprofit organization based in North Haven, CT. The organization reported total revenue of $2.6M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Diaper Bank Of Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Diaper Bank Of Connecticut Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-363 |
| Total Assets | $1.2M |
| Total Liabilities | $233K |
| Net Assets | $997K |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 6.1 months |
Financial Health Grade: B
In 2023, The Diaper Bank Of Connecticut Inc reported a deficit of $363 with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Diaper Bank Of Connecticut Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | +33.6% | -56.9% |
| 2022 | +80.7% | +48.9% | +247.5% |
| 2021 | -1.2% | +64.3% | -26.5% |
| 2020 | +121.4% | +50.7% | +344.9% |
| 2019 | +49.7% | +59.6% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Diaper Bank Of Connecticut Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Diaper Bank Of Connecticut Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $363, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available IRS 990 filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with over $2 million in annual revenue.
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 Diaper Bank Of Connecticut Inc's IRS 990 filings:
- Unusually high growth in liabilities in 2022 ($1,858,359) compared to previous years, though significantly reduced in 2023.
Strengths
The following positive indicators were identified for The Diaper Bank Of Connecticut Inc:
- Consistent and significant revenue growth over the past five years, from $540,589 in 2019 to $2,413,787 in 2023.
- Zero reported officer compensation across all 13 filings, indicating a high proportion of funds dedicated to programs.
- Healthy asset growth, from $251,389 in 2019 to $1,230,012 in 2023, enhancing long-term stability.
- Strong program focus implied by the lack of executive compensation, suggesting efficient use of donor funds.
Frequently Asked Questions about The Diaper Bank Of Connecticut Inc
Is The Diaper Bank Of Connecticut Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Diaper Bank Of Connecticut Inc (EIN: 201179912) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does The Diaper Bank Of Connecticut Inc spend its money?
The Diaper Bank Of Connecticut Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Diaper Bank Of Connecticut Inc tax-deductible?
The Diaper Bank Of Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 201179912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Diaper Bank Of Connecticut Inc a good charity?
Based on the available IRS 990 data, The Diaper Bank Of Connecticut Inc appears to be a very good charity. It demonstrates strong financial growth, maintains a healthy asset base, and notably reports 0% officer compensation across all filings, suggesting a high dedication of funds to its mission.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $361,033 in 2018 to $2,413,787 in 2023, representing over a 560% increase in five years.
What is the organization's financial stability?
The Diaper Bank Of Connecticut Inc shows good financial stability, with assets growing from $251,389 in 2019 to $1,230,012 in 2023. While liabilities increased in 2022, they were significantly reduced in 2023 ($233,090), maintaining a strong asset-to-liability ratio.
Filing History
IRS 990 filing history for The Diaper Bank Of Connecticut Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Diaper Bank Of Connecticut Inc's revenue has grown by 225.8%, moving from $741K to $2.4M. Total assets increased by 261.7% over the same period, from $340K to $1.2M. Total functional expenses rose by 271.2%, from $650K to $2.4M. In its most recent filing year (2023), The Diaper Bank Of Connecticut Inc reported a deficit of $363, with expenses exceeding revenue. The organization holds $233K in liabilities against $1.2M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $997K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.4M | $1.2M | $233K | — | View 990 |
| 2022 | $2.1M | $1.8M | $2.9M | $1.9M | — | View 990 |
| 2021 | $1.2M | $1.2M | $822K | $155K | — | — |
| 2020 | $1.2M | $739K | $1.1M | $421K | — | View 990 |
| 2019 | $541K | $490K | $251K | $13K | — | View 990 |
| 2018 | $361K | $307K | $231K | $43K | — | View 990 |
| 2017 | $773K | $840K | $186K | $51K | — | View 990 |
| 2016 | $863K | $914K | $330K | $129K | — | View 990 |
| 2015 | $817K | $788K | $431K | $179K | — | View 990 |
| 2014 | $720K | $712K | $310K | $87K | — | View 990 |
| 2013 | $664K | $583K | $264K | $48K | — | View 990 |
| 2012 | $468K | $568K | $192K | $57K | — | View 990 |
| 2011 | $741K | $650K | $340K | $105K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.4M, and assets of $1.2M (revenue +12.9% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $2.9M (revenue +80.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $822K (revenue -1.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $739K, and assets of $1.1M (revenue +121.4% year-over-year).
- 2019: Revenue of $541K, expenses of $490K, and assets of $251K (revenue +49.7% year-over-year).
- 2018: Revenue of $361K, expenses of $307K, and assets of $231K (revenue -53.3% year-over-year).
- 2017: Revenue of $773K, expenses of $840K, and assets of $186K (revenue -10.4% year-over-year).
- 2016: Revenue of $863K, expenses of $914K, and assets of $330K (revenue +5.7% year-over-year).
- 2015: Revenue of $817K, expenses of $788K, and assets of $431K (revenue +13.5% year-over-year).
- 2014: Revenue of $720K, expenses of $712K, and assets of $310K (revenue +8.4% year-over-year).
- 2013: Revenue of $664K, expenses of $583K, and assets of $264K (revenue +41.7% year-over-year).
- 2012: Revenue of $468K, expenses of $568K, and assets of $192K (revenue -36.8% year-over-year).
- 2011: Revenue of $741K, expenses of $650K, and assets of $340K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Diaper Bank Of Connecticut Inc:
Data Sources and Methodology
This transparency report for The Diaper Bank Of Connecticut 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.