Connecticut College

Analysis

Connecticut College is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in February 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Connecticut College reported income of $182.1m and spending of $192.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $157.5m to $182.1m (+16%), an average of +3.7% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connecticut College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include St Edwards University ($181.7m), University of Redlands ($182.7m) and Hope College ($181.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.7m (0.9% of expenses). Other salaries and wages came to $49.8m. At year end it held assets of $708.6m against liabilities of $163.1m, net assets of $545.5m. It reported 1,984 employees.