Connecting for Children and Families Inc

Analysis

Connecting for Children and Families Inc is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Connecting for Children and Families Inc reported income of $4.2m and spending of $4.4m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.2m (+11%), an average of +2.7% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Connecting for Children and Families Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within RI. Charities of a similar size with the same main cause include San Diego Charitable Real Estate Foundation ($4.2m), Career Path DC ($4.2m) and Detroit Development Fund ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $217k (5.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.1m against liabilities of $214k, net assets of $1.9m. It reported 95 employees.