Business-industry Foundation of Western Connecticut Inc
Only null% goes to programs Declining revenue
Business-industry Foundation of Western Connecticut Inc is a 501(c)(3) organization based in Danbury, Connecticut, registered in 2004, with $37,697 in FY2023 revenue. CharityIndex grades it C+.
I Ives Street 301, Danbury, CT, 06810 EIN 81-0576592 Since 2004
Revenue (FY2023)
$38K
▼ 33.8% vs prior year
Community median: $184K
Expenses (FY2023)
$38K
Net assets
$9,381
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Business-industry Foundation of Western Connecticut Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Business-industry Foundation of Western Connecticut Inc: 3 mo reserves · -1% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Business-industry Foundation of Western Connecticut Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Business-industry Foundation of Western Connecticut Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- I Ives Street 301, Danbury, CT, 06810
- City
- Danbury
- State
- Connecticut
- Subcategory
- Economic Development
Financial trends
Revenue grew from $5,512 (FY2013) to $38K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $72KNet assets $9,381
Operating margin
-1.2%
Spent more than it raised in the latest fiscal year.
Total assets
$81K
Total liabilities
$72K
Net assets
$9,381
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $37,697▼33.8% | $38,142▼18.8% | $9,381▼4.5% | $81,258▼32.5% | 990 |
| 2022 | $56,971▼0.8% | $46,965▼27.2% | $9,826▲5559% | $120,459▲53.4% | 990 |
| 2021 | $57,420▲13.8% | $64,513▲13.5% | -$180▼103% | $78,536▲8.6% | 990 |
| 2020 | $50,444▼10.0% | $56,826▼17.8% | $6,913▼48.0% | $72,314▲72.8% | 990 |
| 2019 | $56,073▼5.2% | $69,146▲24.1% | $13,295▼49.6% | $41,855▲58.7% | 990 |
| 2018 | $59,162▲1170% | $55,718▲1154% | $26,368▲15.0% | $26,368▲14.4% | 990 |
| 2017 | $4,657▼65.3% | $4,442▼67.5% | $22,924▲0.9% | $23,044▲1.5% | 990 |
| 2016 | $13,423▲44.1% | $13,658▼46.6% | $22,709▼1.0% | $22,709▼1.0% | 990 |
| 2015 | $9,314▲116% | $25,598▲168% | $22,944▼41.5% | $22,944▼41.5% | 990 |
| 2014 | $4,310▼21.8% | $9,542▲17.5% | $39,229▼11.8% | $39,229▼11.8% | 990 |
| 2013 | $5,512 | $8,118▼11.9% | $44,462▼5.5% | $44,462▼7.1% | 990 |
| 2012 | — | $9,217▼3.2% | $47,068▼31.8% | $47,851▼31.8% | 990 |
| 2011 | — | $9,522▲4.7% | $68,988▲62.9% | $70,190▲56.3% | 990 |
| 2010 | — | $9,093▼35.5% | $42,338▲23.6% | $44,893▲25.5% | 990 |
| 2009 | — | $14,106 | $34,262 | $35,762 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Business-industry Foundation of Western Connecticut Inc a legitimate nonprofit?
- Yes. Business-industry Foundation of Western Connecticut Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-0576592, based in Danbury, Connecticut. Donations are tax-deductible.
- What is Business-industry Foundation of Western Connecticut Inc's EIN?
- Business-industry Foundation of Western Connecticut Inc's Employer Identification Number (EIN) is 81-0576592.
- How much revenue does Business-industry Foundation of Western Connecticut Inc report?
- Business-industry Foundation of Western Connecticut Inc reported $37,697 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Business-industry Foundation of Western Connecticut Inc have?
- CharityIndex grades Business-industry Foundation of Western Connecticut Inc C+, based on financial health (reserves and operating margin).
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Data for Business-industry Foundation of Western Connecticut Inc (EIN 81-0576592) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.