Winsted Playground Association
Winsted Playground Association maintains strong financial health with minimal expenses and no liabilities.
EIN: 204337169 · Colebrook, CT · NTEE: N11 · Updated: 2026-03-28
Is Winsted Playground Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Winsted Playground Association directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Winsted Playground Association
Winsted Playground Association (EIN: 204337169) is a nonprofit organization based in Colebrook, CT, classified under NTEE code N11. The organization reported total revenue of $436K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winsted Playground Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Winsted Playground Association is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $34K |
| Surplus / Deficit | +$76K |
| Total Assets | $1.7M |
| Net Assets | $1.7M |
| Operating Margin | 69.5% |
| Months of Reserves | 591.6 months |
Financial Health Grade: A
In 2023, Winsted Playground Association reported a surplus of $76K with revenue exceeding expenses, holds 591.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Winsted Playground Association's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.4% | -16.0% | +12.8% |
| 2022 | +693.7% | +7.7% | -22.2% |
| 2021 | -64.4% | +8.0% | +22.4% |
| 2020 | +101.9% | +14.1% | +15.8% |
| 2019 | +52.3% | -46.3% | +23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Winsted Playground Association with a Mission Score of 98 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Winsted Playground Association allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $76K, with revenue exceeding expenses.
Executive Compensation Analysis
The Winsted Playground Association reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis, which is highly commendable for a nonprofit of its size and asset base.
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.
Strengths
The following positive indicators were identified for Winsted Playground Association:
- Exceptional financial stability with consistently growing assets, reaching $1,652,349 in 2023.
- Zero reported liabilities across all filings, indicating a debt-free organization.
- Extremely high spending efficiency, with expenses consistently representing a very small percentage of revenue (e.g., $33,515 expenses vs. $109,737 revenue in 2023).
- No officer compensation reported, demonstrating a strong commitment to volunteer leadership and maximizing resources for the mission.
- Consistent filing history over 13 periods, indicating good governance and transparency.
Frequently Asked Questions about Winsted Playground Association
Is Winsted Playground Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Winsted Playground Association (EIN: 204337169) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Winsted Playground Association spend its money?
Winsted Playground Association directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Winsted Playground Association tax-deductible?
Winsted Playground Association is registered as a tax-exempt nonprofit (EIN: 204337169). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Winsted Playground Association manage to have such low expenses relative to its revenue?
The consistent reporting of very low expenses compared to revenue, such as $33,515 in expenses against $109,737 in revenue in 2023, suggests a highly efficient operational model, potentially relying heavily on volunteer efforts and in-kind contributions, or a focus on long-term asset growth rather than immediate large-scale spending.
What is the primary source of Winsted Playground Association's revenue?
While specific revenue sources are not detailed in the provided data, the fluctuating but generally positive revenue figures, such as $292,161 in 2022 and $109,737 in 2023, suggest a mix of donations, grants, or investment income, given the substantial asset base.
Does the Winsted Playground Association have any debt?
No, the Winsted Playground Association consistently reports $0 in liabilities across all available IRS 990 filings, indicating a debt-free financial position.
Filing History
IRS 990 filing history for Winsted Playground Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Winsted Playground Association's revenue has grown by 297.8%, moving from $28K to $110K. Total assets increased by 124% over the same period, from $738K to $1.7M. Total functional expenses rose by 50.2%, from $22K to $34K. In its most recent filing year (2023), Winsted Playground Association reported a surplus of $76K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $34K | $1.7M | $0 | — | — |
| 2022 | $292K | $40K | $1.5M | $0 | — | View 990 |
| 2021 | $37K | $37K | $1.9M | $0 | — | View 990 |
| 2020 | $103K | $34K | $1.5M | $1 | — | View 990 |
| 2019 | $51K | $30K | $1.3M | $0 | — | View 990 |
| 2018 | $34K | $56K | $1.1M | $1 | — | View 990 |
| 2017 | $85K | $22K | $1.2M | $0 | — | — |
| 2016 | $32K | $23K | $1.0M | $0 | — | View 990 |
| 2015 | $47K | $26K | $967K | $0 | — | View 990 |
| 2014 | $47K | $24K | $949K | $0 | — | View 990 |
| 2013 | $93K | $26K | $904K | $0 | — | View 990 |
| 2012 | $53K | $23K | $815K | $0 | — | View 990 |
| 2011 | $28K | $22K | $738K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $34K, and assets of $1.7M (revenue -62.4% year-over-year).
- 2022: Revenue of $292K, expenses of $40K, and assets of $1.5M (revenue +693.7% year-over-year).
- 2021: Revenue of $37K, expenses of $37K, and assets of $1.9M (revenue -64.4% year-over-year).
- 2020: Revenue of $103K, expenses of $34K, and assets of $1.5M (revenue +101.9% year-over-year).
- 2019: Revenue of $51K, expenses of $30K, and assets of $1.3M (revenue +52.3% year-over-year).
- 2018: Revenue of $34K, expenses of $56K, and assets of $1.1M (revenue -60.4% year-over-year).
- 2017: Revenue of $85K, expenses of $22K, and assets of $1.2M (revenue +166.3% year-over-year).
- 2016: Revenue of $32K, expenses of $23K, and assets of $1.0M (revenue -32.5% year-over-year).
- 2015: Revenue of $47K, expenses of $26K, and assets of $967K (revenue +0.6% year-over-year).
- 2014: Revenue of $47K, expenses of $24K, and assets of $949K (revenue -49.6% year-over-year).
- 2013: Revenue of $93K, expenses of $26K, and assets of $904K (revenue +77.3% year-over-year).
- 2012: Revenue of $53K, expenses of $23K, and assets of $815K (revenue +90.5% year-over-year).
- 2011: Revenue of $28K, expenses of $22K, and assets of $738K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Winsted Playground Association:
Data Sources and Methodology
This transparency report for Winsted Playground Association 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.