Veterans Of Foreign Wars Of The United States Dept Of Connecticut
EIN: 60735435 · Jewett City, CT
Is Veterans Of Foreign Wars Of The United States Dept Of Connecticut Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Veterans Of Foreign Wars Of The United States Dept Of Connecticut
Veterans Of Foreign Wars Of The United States Dept Of Connecticut (EIN: 60735435) is a nonprofit organization based in Jewett City, CT. The organization reported total revenue of $316K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Of Foreign Wars Of The United States Dept Of Connecticut's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Connecticut is a small nonprofit that has been operating for 64 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $125K |
| Surplus / Deficit | $-4,236 |
| Total Assets | $93K |
| Total Liabilities | $46K |
| Net Assets | $47K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 49.2% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2023, Veterans Of Foreign Wars Of The United States Dept Of Connecticut reported a deficit of $4K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 49.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Veterans Of Foreign Wars Of The United States Dept Of Connecticut's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.5% | -1.6% | -6.9% |
| 2022 | +150.9% | +77.1% | +61.2% |
| 2021 | -50.9% | -46.1% | +226.0% |
| 2020 | -3.1% | -9.3% | -0.1% |
| 2019 | +2.3% | +3.2% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Veterans Of Foreign Wars Of The United States Dept Of Connecticut 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 Veterans Of Foreign Wars Of The United States Dept Of Connecticut 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.2%.
Frequently Asked Questions about Veterans Of Foreign Wars Of The United States Dept Of Connecticut
Is Veterans Of Foreign Wars Of The United States Dept Of Connecticut a legitimate charity?
Based on AI analysis of IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Connecticut (EIN: 60735435) insufficient data. 0 red flags identified, 0 strengths noted.
How does Veterans Of Foreign Wars Of The United States Dept Of Connecticut spend its money?
Detailed spending breakdown data is not yet available for Veterans Of Foreign Wars Of The United States Dept Of Connecticut. Check back for updated IRS 990 analysis.
Are donations to Veterans Of Foreign Wars Of The United States Dept Of Connecticut tax-deductible?
Veterans Of Foreign Wars Of The United States Dept Of Connecticut is registered as a tax-exempt nonprofit (EIN: 60735435). 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 Veterans Of Foreign Wars Of The United States Dept Of Connecticut showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Veterans Of Foreign Wars Of The United States Dept Of Connecticut's revenue has grown by 1.8%, moving from $118K to $120K. Total assets increased by 39.4% over the same period, from $67K to $93K. Total functional expenses fell by 7.2%, from $134K to $125K. In its most recent filing year (2023), Veterans Of Foreign Wars Of The United States Dept Of Connecticut reported a deficit of $4K, with expenses exceeding revenue. The organization holds $46K in liabilities against $93K in assets (debt-to-asset ratio: 49.2%), resulting in net assets of $47K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $120K | $125K | $93K | $46K | — | — |
| 2022 | $164K | $127K | $100K | $48K | — | View 990 |
| 2021 | $65K | $72K | $62K | $50K | — | — |
| 2020 | $133K | $133K | $19K | $1K | — | View 990 |
| 2019 | $137K | $146K | $19K | $5K | — | View 990 |
| 2018 | $134K | $142K | $24K | $1K | — | View 990 |
| 2017 | $153K | $151K | $31K | $302 | — | View 990 |
| 2016 | $146K | $155K | $37K | $5K | — | View 990 |
| 2015 | $167K | $170K | $38K | $17K | — | View 990 |
| 2014 | $106K | $118K | $43K | $62K | — | — |
| 2013 | $114K | $121K | $56K | $63K | — | View 990 |
| 2012 | $118K | $134K | $67K | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $120K, expenses of $125K, and assets of $93K (revenue -26.5% year-over-year).
- 2022: Revenue of $164K, expenses of $127K, and assets of $100K (revenue +150.9% year-over-year).
- 2021: Revenue of $65K, expenses of $72K, and assets of $62K (revenue -50.9% year-over-year).
- 2020: Revenue of $133K, expenses of $133K, and assets of $19K (revenue -3.1% year-over-year).
- 2019: Revenue of $137K, expenses of $146K, and assets of $19K (revenue +2.3% year-over-year).
- 2018: Revenue of $134K, expenses of $142K, and assets of $24K (revenue -12.3% year-over-year).
- 2017: Revenue of $153K, expenses of $151K, and assets of $31K (revenue +4.6% year-over-year).
- 2016: Revenue of $146K, expenses of $155K, and assets of $37K (revenue -12.2% year-over-year).
- 2015: Revenue of $167K, expenses of $170K, and assets of $38K (revenue +57.8% year-over-year).
- 2014: Revenue of $106K, expenses of $118K, and assets of $43K (revenue -7.0% year-over-year).
- 2013: Revenue of $114K, expenses of $121K, and assets of $56K (revenue -3.9% year-over-year).
- 2012: Revenue of $118K, expenses of $134K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Of Foreign Wars Of The United States Dept Of Connecticut:
Data Sources and Methodology
This transparency report for Veterans Of Foreign Wars Of The United States Dept Of Connecticut 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.